Research Analysts Issue Forecasts for THOR Industries, Inc.’s Q2 2023 Earnings (NYSE:THO)

THOR Industries, Inc. (NYSE:THOGet 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

Shares of THOR Industries stock opened at $93.28 on Wednesday. The business has a 50 day simple moving average of $82.26 and a two-hundred day simple moving average of $81.01. THOR Industries has a 12 month low of $66.26 and a 12 month high of $104.11. The stock has a market capitalization of $4.99 billion, a P/E ratio of 4.96 and a beta of 1.68. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.85 and a quick ratio of 0.70.

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

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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.

See Also

Earnings History and Estimates for THOR Industries (NYSE:THO)

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