Shares of Thor Industries, Inc. (NYSE:THO) have received an average recommendation of “Hold” from the fourteen analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $105.00.
A number of research firms have issued reports on THO. Wedbush began coverage on Thor Industries in a research report on Tuesday, December 1st. They issued a “neutral” rating and a $107.00 target price on the stock. Truist decreased their target price on Thor Industries from $125.00 to $120.00 in a research report on Monday, September 14th. BMO Capital Markets lifted their target price on Thor Industries from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, December 9th. BidaskClub upgraded Thor Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, December 23rd. Finally, Zacks Investment Research cut Thor Industries from a “buy” rating to a “hold” rating and set a $101.00 price target on the stock. in a report on Tuesday, December 1st.
Hedge funds have recently made changes to their positions in the stock. FMR LLC boosted its holdings in Thor Industries by 328.1% in the second quarter. FMR LLC now owns 77,886 shares of the construction company’s stock valued at $8,297,000 after acquiring an additional 59,691 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Thor Industries by 1.5% in the third quarter. Envestnet Asset Management Inc. now owns 110,100 shares of the construction company’s stock valued at $10,488,000 after acquiring an additional 1,580 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Thor Industries by 132.9% in the second quarter. AQR Capital Management LLC now owns 24,880 shares of the construction company’s stock valued at $2,650,000 after acquiring an additional 14,197 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in Thor Industries in the third quarter valued at approximately $1,568,000. Finally, Nuveen Asset Management LLC boosted its holdings in Thor Industries by 101.4% in the second quarter. Nuveen Asset Management LLC now owns 260,368 shares of the construction company’s stock valued at $27,738,000 after acquiring an additional 131,106 shares during the last quarter. Institutional investors and hedge funds own 95.32% of the company’s stock.
Thor Industries (NYSE:THO) last released its earnings results on Monday, December 7th. The construction company reported $2.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.59. Thor Industries had a return on equity of 12.18% and a net margin of 2.73%. The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter in the previous year, the business posted $1.50 earnings per share. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. On average, analysts anticipate that Thor Industries will post 6.57 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 18th. Stockholders of record on Monday, January 4th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Thursday, December 31st. Thor Industries’s dividend payout ratio (DPR) is currently 34.60%.
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. It offers travel trailers under the Airstream Classic, Globetrotter, International, Flying Cloud, Caravel, Bambi, and Basecamp trade names; Class B motorhomes under the Interstate and Atlas series, and Sequence and Tellaro trade names; and gasoline and diesel Class A and Class C motorhomes under the Four Winds, Freedom Elite, Majestic, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, and A.C.E trade names.
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