THOR Industries, Inc. (NYSE:THO) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of THOR Industries, Inc. (NYSE:THO) have been assigned an average recommendation of “Moderate Buy” from the five brokerages that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $104.00.

Several brokerages have issued reports on THO. Robert W. Baird increased their price target on THOR Industries from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Truist Financial increased their target price on THOR Industries from $96.00 to $105.00 and gave the stock a “hold” rating in a research note on Tuesday, January 9th. Citigroup raised shares of THOR Industries from a “neutral” rating to a “buy” rating and lifted their price target for the company from $111.00 to $122.00 in a research note on Friday, March 15th. Finally, TheStreet downgraded shares of THOR Industries from a “b-” rating to a “c+” rating in a research report on Monday, March 18th.

THOR Industries Stock Up 0.6 %

THOR Industries stock opened at $101.37 on Wednesday. The firm has a market capitalization of $5.41 billion, a price-to-earnings ratio of 20.11 and a beta of 1.80. The company’s 50 day simple moving average is $107.77 and its 200 day simple moving average is $108.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.75 and a quick ratio of 0.65. THOR Industries has a fifty-two week low of $75.93 and a fifty-two week high of $129.31.

THOR Industries (NYSE:THO) last announced its quarterly earnings results on Wednesday, March 6th. The construction company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.54). THOR Industries had a return on equity of 7.28% and a net margin of 2.62%. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the prior year, the business earned $0.50 earnings per share. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that THOR Industries will post 5.37 EPS for the current year.

THOR Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, April 8th. This represents a $1.92 annualized dividend and a dividend yield of 1.89%. THOR Industries’s dividend payout ratio is currently 38.10%.

Institutional Trading of THOR Industries

Institutional investors have recently made changes to their positions in the business. Mather Group LLC. bought a new position in THOR Industries in the first quarter valued at $30,000. Parkside Financial Bank & Trust grew its holdings in shares of THOR Industries by 889.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 277 shares of the construction company’s stock valued at $26,000 after acquiring an additional 249 shares in the last quarter. Smithfield Trust Co increased its position in shares of THOR Industries by 127.2% in the third quarter. Smithfield Trust Co now owns 284 shares of the construction company’s stock valued at $27,000 after acquiring an additional 159 shares during the last quarter. Parallel Advisors LLC raised its holdings in THOR Industries by 70.8% during the fourth quarter. Parallel Advisors LLC now owns 292 shares of the construction company’s stock worth $35,000 after acquiring an additional 121 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position in THOR Industries by 3,063.6% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 348 shares of the construction company’s stock valued at $41,000 after purchasing an additional 337 shares during the last quarter. Institutional investors own 96.71% of the company’s stock.

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.