THOR Industries, Inc. (NYSE:THO) Receives $112.33 Consensus Price Target from Brokerages

THOR Industries, Inc. (NYSE:THO) has earned a consensus rating of “Hold” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $112.33.

A number of research analysts have recently commented on the stock. DA Davidson reissued a “neutral” rating and issued a $95.00 target price on shares of THOR Industries in a report on Monday, September 30th. StockNews.com downgraded shares of THOR Industries from a “hold” rating to a “sell” rating in a research note on Friday, December 6th. Bank of America assumed coverage on shares of THOR Industries in a research note on Friday, December 13th. They set a “neutral” rating and a $120.00 target price on the stock. Benchmark reiterated a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. Finally, Citigroup raised their price objective on THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, September 26th.

THOR Industries Stock Up 1.0 %

NYSE THO opened at $97.26 on Thursday. The business has a fifty day moving average price of $107.88 and a two-hundred day moving average price of $103.11. The stock has a market capitalization of $5.18 billion, a PE ratio of 24.87 and a beta of 1.67. THOR Industries has a fifty-two week low of $88.37 and a fifty-two week high of $129.31. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78.

THOR Industries (NYSE:THO) last announced its quarterly earnings data 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 business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.47 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. THOR Industries’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.68 EPS. Equities analysts expect that THOR Industries will post 4.67 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Monday, January 6th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Monday, January 6th. THOR Industries’s payout ratio is presently 51.15%.

Insider Activity

In other news, VP Colleen A. Zuhl sold 4,354 shares of the company’s 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 sale, the vice president now directly owns 131,905 shares of the company’s stock, valued at approximately $15,169,075. This represents a 3.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On THOR Industries

A number of hedge funds have recently bought and sold shares of the company. Natixis Advisors LLC grew its holdings in THOR Industries by 51.3% during the 3rd quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock worth $55,486,000 after acquiring an additional 171,244 shares during the period. Dimensional Fund Advisors LP grew its stake in THOR Industries by 6.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock worth $271,097,000 after purchasing an additional 187,019 shares during the period. &PARTNERS bought a new stake in THOR Industries in the second quarter worth approximately $623,000. Oppenheimer Asset Management Inc. lifted its stake in THOR Industries by 12.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 387,189 shares of the construction company’s stock valued at $36,183,000 after buying an additional 43,326 shares during the period. Finally, State Street Corp boosted its holdings in shares of THOR Industries by 2.1% during the 3rd quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock worth $178,462,000 after buying an additional 33,619 shares in the last quarter. Institutional investors own 96.71% of the company’s stock.

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.