THOR Industries (NYSE:THO) Price Target Raised to $78.00 at Truist Financial

THOR Industries (NYSE:THO) had its price objective increased by Truist Financial from $72.00 to $78.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Truist Financial currently has a hold rating on the construction company’s stock.

A number of other brokerages also recently issued reports on THO. Bank of America raised THOR Industries from a “neutral” rating to a “buy” rating and raised their target price for the stock from $110.00 to $125.00 in a research note on Monday, March 3rd. Robert W. Baird downgraded THOR Industries from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $100.00 to $85.00 in a research report on Friday, April 4th. BMO Capital Markets decreased their target price on shares of THOR Industries from $120.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. 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. Finally, Wall Street Zen upgraded shares of THOR Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $89.14.

THOR Industries Stock Up 3.9%

Shares of THO opened at $82.32 on Tuesday. THOR Industries has a 52-week low of $63.16 and a 52-week high of $118.85. The company has a market capitalization of $4.38 billion, a PE ratio of 21.05, a price-to-earnings-growth ratio of 1.16 and a beta of 1.26. The stock has a fifty day simple moving average of $75.27 and a two-hundred day simple moving average of $90.23. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26.

THOR Industries (NYSE:THO) last issued its earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the business earned $0.13 earnings per share. The firm’s revenue was down 8.6% compared to the same quarter last year. As a group, equities analysts forecast that THOR Industries will post 4.64 EPS for the current year.

THOR Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were issued a $0.50 dividend. The ex-dividend date was Tuesday, April 8th. This represents a $2.00 annualized dividend and a dividend yield of 2.43%. THOR Industries’s dividend payout ratio is currently 53.05%.

Hedge Funds Weigh In On THOR Industries

Large investors have recently made changes to their positions in the stock. Atala Financial Inc acquired a new position in shares of THOR Industries in the 4th quarter worth approximately $27,000. First Horizon Advisors Inc. lifted its holdings in THOR Industries by 57.3% during the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock worth $32,000 after buying an additional 121 shares in the last quarter. UMB Bank n.a. lifted its holdings in THOR Industries by 135.6% during the 1st quarter. UMB Bank n.a. now owns 483 shares of the construction company’s stock worth $37,000 after buying an additional 278 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in THOR Industries by 369.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company’s stock worth $40,000 after buying an additional 329 shares in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in THOR Industries during the 4th quarter worth approximately $51,000. 96.71% of the stock is currently owned by institutional investors and hedge funds.

About THOR Industries

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.