THOR Industries (NYSE:THO) Price Target Lowered to $72.00 at Truist Financial

THOR Industries (NYSE:THO – Get Rating) had its target price lowered by Truist Financial from $80.00 to $72.00 in a report issued on Thursday morning, The Fly reports.

A number of other equities analysts have also commented on the company. DA Davidson lowered their price objective on THOR Industries from $84.00 to $77.00 and set a neutral rating on the stock in a research note on Thursday, March 9th. Roth Capital reiterated a neutral rating on shares of THOR Industries in a research note on Tuesday, March 7th. StockNews.com started coverage on THOR Industries in a research note on Thursday, May 18th. They issued a hold rating on the stock. KeyCorp started coverage on THOR Industries in a research note on Wednesday, April 19th. They issued a sector weight rating on the stock. Finally, Citigroup lifted their price target on THOR Industries from $87.00 to $94.00 and gave the company a neutral rating in a research note on Friday, February 24th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $82.40.

THOR Industries Stock Performance

Shares of NYSE THO opened at $80.16 on Thursday. The stock has a 50 day moving average price of $79.00 and a 200 day moving average price of $84.16. THOR Industries has a 52 week low of $67.09 and a 52 week high of $105.36. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.68 and a current ratio of 1.95. The stock has a market capitalization of $4.29 billion, a PE ratio of 5.53 and a beta of 1.75.

THOR Industries (NYSE:THO – Get Rating) last released its quarterly earnings data 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). The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.49 billion. THOR Industries had a net margin of 5.69% and a return on equity of 21.88%. The business’s quarterly revenue was down 39.4% on a year-over-year basis. During the same period in the previous year, the business earned $4.79 earnings per share. Analysts predict that THOR Industries will post 5.76 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 26th. Investors of record on Wednesday, April 12th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend was Tuesday, April 11th. THOR Industries’s payout ratio is 12.41%.

Institutional Trading of THOR Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Verition Fund Management LLC grew its holdings in THOR Industries by 190.9% during the third quarter. Verition Fund Management LLC now owns 13,965 shares of the construction company’s stock valued at $977,000 after purchasing an additional 9,164 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in THOR Industries by 30.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 640 shares of the construction company’s stock valued at $45,000 after purchasing an additional 150 shares during the period. Hanson & Doremus Investment Management grew its holdings in THOR Industries by 14.4% during the fourth quarter. Hanson & Doremus Investment Management now owns 6,303 shares of the construction company’s stock valued at $476,000 after purchasing an additional 795 shares during the period. Amalgamated Bank grew its holdings in THOR Industries by 1.6% during the third quarter. Amalgamated Bank now owns 38,782 shares of the construction company’s stock valued at $2,714,000 after purchasing an additional 600 shares during the period. Finally, Inspire Investing LLC grew its holdings in THOR Industries by 6.1% during the third quarter. Inspire Investing LLC now owns 2,972 shares of the construction company’s stock valued at $208,000 after purchasing an additional 170 shares during the period. 98.68% of the stock is 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.