THOR Industries, Inc. (NYSE:THO – Get Rating) – Investment analysts at DA Davidson increased their Q2 2023 earnings per share (EPS) estimates for THOR Industries in a research report issued to clients and investors on Monday, January 9th. DA Davidson analyst B. Rolle now anticipates that the construction company will earn $1.17 per share for the quarter, up from their prior estimate of $0.42. DA Davidson has a “Neutral” rating and a $85.00 price objective on the stock. The consensus estimate for THOR Industries’ current full-year earnings is $7.60 per share. DA Davidson also issued estimates for THOR Industries’ FY2023 earnings at $8.40 EPS.
Other equities analysts have also recently issued research reports about the company. Truist Financial reduced their target price on THOR Industries from $75.00 to $70.00 and set a “hold” rating for the company in a report on Friday, September 23rd. Citigroup increased their price target on THOR Industries to $87.00 in a report on Monday, December 12th. MKM Partners cut their price target on THOR Industries to $69.00 in a report on Friday, September 30th. Argus cut THOR Industries from a “buy” rating to a “hold” rating in a report on Monday, October 3rd. Finally, StockNews.com assumed coverage on THOR Industries in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $79.50.
THOR Industries Price Performance
THOR Industries Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 30th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, December 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.93%. THOR Industries’s payout ratio is 9.58%.
Institutional Trading of THOR Industries
Several large investors have recently added to or reduced their stakes in the stock. Coldstream Capital Management Inc. acquired a new stake in THOR Industries in the 4th quarter valued at $240,000. Radnor Capital Management LLC increased its holdings in THOR Industries by 55.9% in the 4th quarter. Radnor Capital Management LLC now owns 5,899 shares of the construction company’s stock valued at $487,000 after purchasing an additional 2,115 shares in the last quarter. Ayalon Insurance Comp Ltd. increased its holdings in THOR Industries by 10.9% in the 4th quarter. Ayalon Insurance Comp Ltd. now owns 8,407 shares of the construction company’s stock valued at $637,000 after purchasing an additional 829 shares in the last quarter. Centric Wealth Management increased its holdings in THOR Industries by 2.8% in the 4th quarter. Centric Wealth Management now owns 14,931 shares of the construction company’s stock valued at $1,127,000 after purchasing an additional 408 shares in the last quarter. Finally, Eagle Bay Advisors LLC increased its holdings in THOR Industries by 1,452.5% in the 3rd quarter. Eagle Bay Advisors LLC now owns 947 shares of the construction company’s stock valued at $67,000 after purchasing an additional 886 shares in the last quarter. 98.68% of the stock is currently owned by institutional investors and hedge funds.
THOR Industries Company Profile
THOR Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.
- Get a free copy of the StockNews.com research report on THOR Industries (THO)
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