THOR Industries, Inc. (NYSE:THO) Receives $102.00 Consensus Price Target from Analysts

Shares of THOR Industries, Inc. (NYSE:THO) have been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $102.00.

Several research firms have weighed in on THO. Citigroup dropped their price objective on THOR Industries from $120.00 to $113.00 and set a “buy” rating for the company in a report on Friday, June 7th. Truist Financial lowered 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. TheStreet lowered THOR Industries from a “b-” rating to a “c+” rating in a research report on Monday, March 18th. Finally, Robert W. Baird reduced their target price on THOR Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, June 6th.

Institutional Investors Weigh In On THOR Industries

A number of hedge funds have recently made changes to their positions in THO. Palestra Capital Management LLC bought a new stake in THOR Industries during the third quarter worth approximately $68,187,000. Norges Bank bought a new stake in THOR Industries during the fourth quarter worth approximately $65,391,000. Pacer Advisors Inc. increased its stake in THOR Industries by 56.7% during the fourth quarter. Pacer Advisors Inc. now owns 725,667 shares of the construction company’s stock worth $85,810,000 after acquiring an additional 262,478 shares during the last quarter. Vanguard Group Inc. increased its stake in THOR Industries by 4.1% during the third quarter. Vanguard Group Inc. now owns 5,270,059 shares of the construction company’s stock worth $501,341,000 after acquiring an additional 208,343 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in THOR Industries by 87.5% during the third quarter. Qube Research & Technologies Ltd now owns 411,854 shares of the construction company’s stock worth $39,180,000 after acquiring an additional 192,192 shares during the last quarter. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

THOR Industries Price Performance

THO opened at $93.45 on Thursday. The stock’s 50 day simple moving average is $97.65 and its 200 day simple moving average is $108.22. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.65 and a quick ratio of 0.74. THOR Industries has a 1 year low of $84.54 and a 1 year high of $129.31. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 18.96 and a beta of 1.74.

THOR Industries (NYSE:THO) last posted its quarterly earnings results on Wednesday, June 5th. The construction company reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.24. THOR Industries had a return on equity of 7.07% and a net margin of 2.59%. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same period last year, the company earned $2.24 EPS. THOR Industries’s revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, analysts predict that THOR Industries will post 4.8 earnings per share for the current year.

THOR Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Wednesday, July 3rd will be given a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.92 annualized dividend and a dividend yield of 2.05%. THOR Industries’s payout ratio is 38.95%.

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.