Thor Industries, Inc. (NYSE:THO) Stock Has Consensus Price Target of $84.89 According to Analysts

Shares of Thor Industries, Inc. (NYSE:THO) have earned a consensus recommendation of “Hold” from the fourteen analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $84.89.

THO has been the subject of several analyst reports. Weiss Ratings lowered Thor Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, September 28th. BMO Capital Markets lowered their price target on Thor Industries from $110.00 to $95.00 and set an “outperform” rating on the stock in a report on Tuesday, September 15th. Bank of America dropped their price target on shares of Thor Industries from $96.00 to $86.00 and set a “buy” rating on the stock in a research report on Monday, September 21st. Zacks Research upgraded shares of Thor Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, August 24th. Finally, Citigroup decreased their price objective on shares of Thor Industries from $79.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, September 16th.

Institutional Trading of Thor Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Curio Wealth LLC bought a new stake in shares of Thor Industries during the fourth quarter valued at approximately $36,000. Allworth Financial LP acquired a new stake in shares of Thor Industries during the 2nd quarter worth about $26,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Thor Industries in the second quarter valued at approximately $52,000. Huntington National Bank raised its position in Thor Industries by 36.5% in the 4th quarter. Huntington National Bank now owns 916 shares of the RV manufacturer’s stock valued at $94,000 after purchasing an additional 245 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in Thor Industries by 865.7% during the 3rd quarter. Versant Capital Management Inc now owns 985 shares of the RV manufacturer’s stock worth $68,000 after buying an additional 883 shares in the last quarter. 96.71% of the stock is currently owned by institutional investors and hedge funds.

Thor Industries Trading Up 0.7%

NYSE THO opened at $67.71 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 0.85 and a debt-to-equity ratio of 0.20. Thor Industries has a 1-year low of $65.90 and a 1-year high of $122.83. The firm’s fifty day simple moving average is $74.92 and its 200-day simple moving average is $76.19. The company has a market capitalization of $3.49 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 0.91 and a beta of 1.43.

Thor Industries (NYSE:THO) last posted its quarterly earnings results on Tuesday, September 22nd. The RV manufacturer reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.10). Thor Industries had a return on equity of 3.76% and a net margin of 1.85%.The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same period last year, the business earned $2.36 earnings per share. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Thor Industries will post 4.12 earnings per share for the current fiscal year.

Thor Industries Company Profile

Thor Industries, Inc is a recreational vehicle (RV) manufacturer headquartered in Elkhart, Indiana. The company designs, manufactures, and sells towable and motorized RVs, including travel trailers, fifth wheels, conventional motorhomes, and touring coaches. Its products are marketed for vacation travel, camping, and other forms of recreational use.

Thor’s North American portfolio includes well-known brands such as Airstream, Jayco, Keystone, Dutchmen, and CrossRoads. Airstream produces premium travel trailers and touring coaches, while the company’s other brands serve a broad range of customers and price points across the RV market.

Thor also operates internationally through the Erwin Hymer Group, a major European recreational vehicle platform.