Brokerages Set THOR Industries, Inc. (NYSE:THO) Target Price at $87.57

THOR Industries, Inc. (NYSE:THO) has received a consensus recommendation of “Hold” from the nine analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $87.57.

Several equities research analysts have commented on THO shares. Baird R W lowered shares of THOR Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. BMO Capital Markets reduced their target price on THOR Industries from $120.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Citigroup cut THOR Industries from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $94.00 to $86.00 in a research report on Wednesday, March 19th. Bank of America raised THOR Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $110.00 to $125.00 in a research report on Monday, March 3rd. Finally, Truist Financial lowered their target price on THOR Industries from $90.00 to $72.00 and set a “hold” rating on the stock in a research note on Monday, April 14th.

THOR Industries Price Performance

Shares of NYSE THO opened at $83.75 on Friday. THOR Industries has a fifty-two week low of $63.16 and a fifty-two week high of $118.85. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 1.16 and a beta of 1.26. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. The firm’s 50-day simple moving average is $75.25 and its 200 day simple moving average is $92.23.

THOR Industries (NYSE:THO) last announced its quarterly earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.08). THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the company posted $0.13 EPS. The company’s quarterly revenue was down 8.6% compared to the same quarter last year. As a group, research analysts anticipate that THOR Industries will post 4.64 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, April 8th. This represents a $2.00 dividend on an annualized basis and a yield of 2.39%. THOR Industries’s dividend payout ratio is presently 53.05%.

Institutional Trading of THOR Industries

A number of institutional investors have recently modified their holdings of the business. Belpointe Asset Management LLC lifted its stake in shares of THOR Industries by 23.4% during the 1st quarter. Belpointe Asset Management LLC now owns 5,671 shares of the construction company’s stock valued at $430,000 after buying an additional 1,077 shares in the last quarter. Focus Partners Wealth purchased a new position in shares of THOR Industries in the first quarter valued at $255,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of THOR Industries by 2.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 499,800 shares of the construction company’s stock valued at $37,890,000 after purchasing an additional 14,037 shares in the last quarter. 1060 Capital LLC purchased a new position in shares of THOR Industries in the first quarter valued at $4,549,000. Finally, Empowered Funds LLC purchased a new position in shares of THOR Industries in the first quarter valued at $1,177,000. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

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.