THOR Industries, Inc. (NYSE:THO) Receives Consensus Rating of “Moderate Buy” from Brokerages

THOR Industries, Inc. (NYSE:THO) has received an average recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $102.00.

Several equities research analysts have recently weighed in on THO shares. Robert W. Baird reduced their price objective on THOR Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, June 6th. Benchmark initiated coverage on THOR Industries in a research note on Thursday, July 18th. They issued a “hold” rating for the company. Truist Financial cut their target price on THOR Industries from $100.00 to $95.00 and set a “hold” rating for the company in a research note on Thursday, June 6th. Finally, Citigroup cut their target price on THOR Industries from $120.00 to $113.00 and set a “buy” rating for the company in a research note on Friday, June 7th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Mather Group LLC. acquired a new position in THOR Industries during the first quarter worth $30,000. Parallel Advisors LLC increased its stake in shares of THOR Industries by 70.8% in the fourth quarter. Parallel Advisors LLC now owns 292 shares of the construction company’s stock valued at $35,000 after buying an additional 121 shares in the last quarter. Blue Trust Inc. increased its stake in shares of THOR Industries by 548.1% in the second quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock valued at $31,000 after buying an additional 285 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of THOR Industries by 3,063.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 348 shares of the construction company’s stock valued at $41,000 after buying an additional 337 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new stake in shares of THOR Industries in the fourth quarter valued at $47,000. 96.71% of the stock is currently owned by institutional investors and hedge funds.

THOR Industries Stock Up 1.0 %

Shares of THOR Industries stock opened at $103.44 on Monday. The stock has a market capitalization of $5.50 billion, a P/E ratio of 20.98 and a beta of 1.72. The company has a quick ratio of 0.74, a current ratio of 1.65 and a debt-to-equity ratio of 0.30. The stock has a 50 day moving average price of $95.65 and a two-hundred day moving average price of $105.46. THOR Industries has a 12-month low of $84.54 and a 12-month high of $129.31.

THOR Industries (NYSE:THO) last announced its earnings results on Wednesday, June 5th. The construction company reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.24. The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.73 billion. THOR Industries had a return on equity of 7.07% and a net margin of 2.59%. The company’s revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.24 earnings per share. Equities analysts expect that THOR Industries will post 4.79 earnings per share for the current year.

THOR Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Wednesday, July 3rd were paid a dividend of $0.48 per share. The ex-dividend date was Wednesday, July 3rd. This represents a $1.92 annualized dividend and a yield of 1.86%. THOR Industries’s dividend payout ratio is currently 38.95%.

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.