THOR Industries (NYSE:THO) Receives Hold Rating from Benchmark

Benchmark restated their hold rating on shares of THOR Industries (NYSE:THO) in a research note released on Tuesday morning,Benzinga reports.

A number of other brokerages have also commented on THO. Citigroup lifted their price target on shares of THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. DA Davidson reiterated a “neutral” rating and issued a $95.00 price target on shares of THOR Industries in a research report on Monday, September 30th. BMO Capital Markets restated an “outperform” rating and set a $120.00 price objective on shares of THOR Industries in a research report on Thursday, September 19th. Finally, Truist Financial upped their target price on THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a report on Friday, September 20th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $110.80.

THOR Industries Trading Down 2.2 %

NYSE THO opened at $108.49 on Tuesday. THOR Industries has a twelve month low of $88.37 and a twelve month high of $129.31. The business’s fifty day moving average is $109.30 and its 200 day moving average is $102.59. The company has a quick ratio of 0.82, a current ratio of 1.69 and a debt-to-equity ratio of 0.27. The company has a market cap of $5.76 billion, a price-to-earnings ratio of 22.01 and a beta of 1.67.

THOR Industries (NYSE:THO) last released its quarterly earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.33. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.47 billion. THOR Industries had a return on equity of 7.02% and a net margin of 2.64%. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.68 earnings per share. As a group, sell-side analysts expect that THOR Industries will post 4.85 EPS for the current fiscal year.

THOR Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a dividend of $0.50 per share. The ex-dividend date was Friday, November 1st. This represents a $2.00 annualized dividend and a yield of 1.84%. This is a boost from THOR Industries’s previous quarterly dividend of $0.48. THOR Industries’s dividend payout ratio (DPR) is currently 40.57%.

Insider Buying and Selling at THOR Industries

In other news, VP Colleen A. Zuhl sold 4,354 shares of THOR Industries stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total value of $500,710.00. Following the completion of the sale, the vice president now owns 131,905 shares in the company, valued at $15,169,075. The trade was a 3.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On THOR Industries

Large investors have recently bought and sold shares of the stock. Tortoise Investment Management LLC boosted its position in shares of THOR Industries by 77.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock worth $27,000 after purchasing an additional 124 shares in the last quarter. Quarry LP bought a new position in THOR Industries in the second quarter worth approximately $28,000. UMB Bank n.a. grew its stake in THOR Industries by 2,050.0% in the third quarter. UMB Bank n.a. now owns 258 shares of the construction company’s stock valued at $28,000 after acquiring an additional 246 shares during the period. Blue Trust Inc. increased its holdings in shares of THOR Industries by 548.1% during the second quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock valued at $31,000 after acquiring an additional 285 shares in the last quarter. Finally, Van ECK Associates Corp acquired a new position in shares of THOR Industries during the third quarter worth approximately $32,000. 96.71% of the stock is currently owned by institutional investors and hedge funds.

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.