THOR Industries (NYSE:THO) Given New $80.00 Price Target at DA Davidson

THOR Industries (NYSE:THO) had its price objective trimmed by DA Davidson from $95.00 to $80.00 in a report published on Friday morning,Benzinga reports. The firm currently has a neutral rating on the construction company’s stock.

A number of other equities research analysts have also issued reports on THO. BMO Capital Markets cut their price objective on shares of THOR Industries from $120.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday. Bank of America upgraded shares of THOR Industries from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $110.00 to $125.00 in a research note on Monday, March 3rd. Benchmark restated a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. StockNews.com upgraded THOR Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, Robert W. Baird reduced their price objective on THOR Industries from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, THOR Industries currently has a consensus rating of “Moderate Buy” and an average target price of $104.00.

THOR Industries Trading Down 0.7 %

Shares of THOR Industries stock opened at $85.80 on Friday. THOR Industries has a fifty-two week low of $78.88 and a fifty-two week high of $118.85. 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 company has a market capitalization of $4.57 billion, a P/E ratio of 21.94, a P/E/G ratio of 1.16 and a beta of 1.74. The company has a fifty day moving average of $99.31 and a 200 day moving average of $103.92.

THOR Industries (NYSE:THO) last released its quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.98 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The business’s revenue was down 8.6% on a year-over-year basis. During the same period last year, the company earned $0.13 EPS. On average, sell-side analysts anticipate that THOR Industries will post 4.64 earnings per share for the current fiscal year.

THOR Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, January 6th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.00 annualized dividend and a yield of 2.33%. THOR Industries’s payout ratio is currently 53.05%.

Institutional Investors Weigh In On THOR Industries

Several institutional investors have recently modified their holdings of THO. ACR Alpine Capital Research LLC raised its holdings in THOR Industries by 40.6% during the 4th quarter. ACR Alpine Capital Research LLC now owns 2,142,966 shares of the construction company’s stock valued at $205,103,000 after buying an additional 619,318 shares during the period. Timucuan Asset Management Inc. FL increased its position in THOR Industries by 16.2% during the fourth quarter. Timucuan Asset Management Inc. FL now owns 2,038,765 shares of the construction company’s stock valued at $195,130,000 after acquiring an additional 283,744 shares during the last quarter. State Street Corp raised its stake in shares of THOR Industries by 2.1% in the third quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock valued at $178,462,000 after acquiring an additional 33,619 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of THOR Industries by 37.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock worth $165,078,000 after acquiring an additional 411,466 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of THOR Industries by 2.8% during the 3rd quarter. Pacer Advisors Inc. now owns 1,171,779 shares of the construction company’s stock worth $128,767,000 after purchasing an additional 31,416 shares during the period. 96.71% of the stock is owned by 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.