FY2023 EPS Estimates for THOR Industries, Inc. (NYSE:THO) Decreased by DA Davidson

THOR Industries, Inc. (NYSE:THO – Get Rating) – Equities researchers at DA Davidson lowered their FY2023 earnings per share estimates for shares of THOR Industries in a research report issued on Thursday, March 9th. DA Davidson analyst B. Rolle now anticipates that the construction company will post earnings per share of $5.95 for the year, down from their prior estimate of $7.30. DA Davidson currently has a “Neutral” rating and a $77.00 price objective on the stock. The consensus estimate for THOR Industries’ current full-year earnings is $5.94 per share. DA Davidson also issued estimates for THOR Industries’ FY2024 earnings at $7.00 EPS.

A number of other research firms have also recently weighed in on THO. Citigroup raised their price target on THOR Industries from $87.00 to $94.00 and gave the company a “neutral” rating in a report on Friday, February 24th. Roth Capital reissued a “neutral” rating on shares of THOR Industries in a research note on Tuesday, March 7th. Finally, Truist Financial raised their price target on THOR Industries from $70.00 to $80.00 in a research report on Friday, February 17th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, THOR Industries presently has a consensus rating of “Hold” and a consensus target price of $80.63.

THOR Industries Trading Down 3.5 %

THO stock opened at $83.25 on Monday. The business has a fifty day moving average price of $91.06 and a 200 day moving average price of $83.54. THOR Industries has a fifty-two week low of $66.26 and a fifty-two week high of $105.36. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 5.74 and a beta of 1.79. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.95 and a quick ratio of 0.70.

THOR Industries (NYSE:THO – Get Rating) last issued its earnings results on Tuesday, March 7th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.60). THOR Industries had a return on equity of 21.88% and a net margin of 5.69%. The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the company posted $4.79 earnings per share. The company’s quarterly revenue was down 39.4% on a year-over-year basis.

THOR Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $1.80 annualized dividend and a yield of 2.16%. THOR Industries’s dividend payout ratio is presently 12.41%.

Institutional Trading of THOR Industries

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of THOR Industries by 1.0% in the first quarter. Vanguard Group Inc. now owns 5,312,648 shares of the construction company’s stock valued at $418,105,000 after purchasing an additional 53,286 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of THOR Industries by 2.6% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,285,597 shares of the construction company’s stock valued at $369,886,000 after purchasing an additional 132,361 shares in the last quarter. Royal London Asset Management Ltd. lifted its holdings in shares of THOR Industries by 37.3% in the fourth quarter. Royal London Asset Management Ltd. now owns 2,651,619 shares of the construction company’s stock valued at $200,264,000 after purchasing an additional 720,584 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of THOR Industries by 10.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,103,062 shares of the construction company’s stock valued at $158,760,000 after purchasing an additional 197,554 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in shares of THOR Industries by 47.2% in the fourth quarter. LSV Asset Management now owns 2,044,929 shares of the construction company’s stock valued at $154,372,000 after purchasing an additional 655,770 shares in the last quarter. 98.68% of the stock is currently owned by institutional investors.

THOR Industries Company Profile

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Thor Industries, Inc engages in the manufacture and sale of recreational vehicles. It operates through the following segments: North American Towable Recreational Vehicles, North American Motorized Recreational Vehicles, and European Recreational Vehicles. The North American Towable Recreational Vehicles segment includes operating entities such as Airstream, Heartland, Jayco, Keystone, and KZ.