Brokerages Set THOR Industries, Inc. (NYSE:THO) Price Target at $102.00

Shares of THOR Industries, Inc. (NYSE:THO) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $102.00.

Several research analysts have issued reports on the company. Benchmark assumed coverage on THOR Industries in a research report on Thursday, July 18th. They issued a “hold” rating for the company. Robert W. Baird reduced their price objective on shares of THOR Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, June 6th. Truist Financial lowered their target price on shares of THOR Industries from $100.00 to $95.00 and set a “hold” rating on the stock in a research report on Thursday, June 6th. Finally, Citigroup dropped their target price on shares of THOR Industries from $120.00 to $113.00 and set a “buy” rating for the company in a report on Friday, June 7th.

THOR Industries Stock Down 1.0 %

Shares of NYSE:THO opened at $101.14 on Friday. THOR Industries has a fifty-two week low of $84.54 and a fifty-two week high of $129.31. The company has a quick ratio of 0.74, a current ratio of 1.65 and a debt-to-equity ratio of 0.30. The firm’s 50-day simple moving average is $97.16 and its 200-day simple moving average is $103.91. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 20.52 and a beta of 1.71.

THOR Industries (NYSE:THO) last announced its quarterly earnings data on Wednesday, June 5th. The construction company reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.24. The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.73 billion. THOR Industries had a return on equity of 7.07% and a net margin of 2.59%. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.24 EPS. As a group, equities research analysts predict that THOR Industries will post 4.79 earnings per share for the current year.

THOR Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Wednesday, July 3rd were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend was Wednesday, July 3rd. THOR Industries’s payout ratio is currently 38.95%.

Hedge Funds Weigh In On THOR Industries

Hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC increased its position in THOR Industries by 8,542.2% during the 4th quarter. International Assets Investment Management LLC now owns 43,989 shares of the construction company’s stock worth $5,202,000 after purchasing an additional 43,480 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of THOR Industries during the fourth quarter worth about $1,774,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of THOR Industries by 9.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,741 shares of the construction company’s stock valued at $1,270,000 after buying an additional 914 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of THOR Industries by 2.8% during the fourth quarter. Federated Hermes Inc. now owns 19,316 shares of the construction company’s stock valued at $2,284,000 after buying an additional 535 shares during the period. Finally, Groesbeck Investment Management Corp NJ boosted its position in THOR Industries by 3.1% during the fourth quarter. Groesbeck Investment Management Corp NJ now owns 16,389 shares of the construction company’s stock worth $1,938,000 after acquiring an additional 497 shares during the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

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.