THOR Industries, Inc. (NYSE:THO) Given Average Rating of “Hold” by Analysts

Shares of THOR Industries, Inc. (NYSE:THO) have earned a consensus recommendation of “Hold” from the seven research firms that are covering the company, MarketBeat 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 issued a report on the stock in the last year is $112.33.

Several equities analysts have recently issued reports on THO shares. Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. Truist Financial raised their target price on shares of THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a research note on Friday, September 20th. DA Davidson reissued a “neutral” rating and set a $95.00 price target on shares of THOR Industries in a research note on Monday, September 30th. Citigroup raised their price objective on shares of THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Finally, StockNews.com upgraded shares of THOR Industries from a “sell” rating to a “hold” rating in a research report on Wednesday.

THOR Industries Stock Down 0.6 %

Shares of NYSE:THO opened at $95.84 on Thursday. The company has a market capitalization of $5.10 billion, a PE ratio of 24.51 and a beta of 1.67. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. The company’s fifty day moving average is $106.92 and its 200-day moving average is $103.14. THOR Industries has a 52 week low of $88.37 and a 52 week high of $129.31.

THOR Industries (NYSE:THO) last issued 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 firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.47 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.68 earnings per share. Equities research analysts predict that THOR Industries will post 4.67 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Monday, January 6th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $2.00 annualized dividend and a yield of 2.09%. THOR Industries’s payout ratio is currently 51.15%.

Insider Transactions at THOR Industries

In other news, VP Colleen A. Zuhl sold 4,354 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was 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 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 filing with the SEC, which can be accessed through the SEC website. Company insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On THOR Industries

A number of institutional investors have recently added to or reduced their stakes in THO. SG Americas Securities LLC acquired a new position in shares of THOR Industries in the 2nd quarter valued at approximately $496,000. Assenagon Asset Management S.A. lifted its stake in THOR Industries by 28.8% during the second quarter. Assenagon Asset Management S.A. now owns 21,205 shares of the construction company’s stock worth $1,982,000 after purchasing an additional 4,737 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of THOR Industries by 548.1% in the 2nd quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock valued at $31,000 after purchasing an additional 285 shares in the last quarter. Raymond James & Associates increased its stake in shares of THOR Industries by 4.1% in the 2nd quarter. Raymond James & Associates now owns 331,524 shares of the construction company’s stock valued at $30,981,000 after purchasing an additional 12,958 shares during the last quarter. Finally, &PARTNERS bought a new stake in shares of THOR Industries during the 2nd quarter worth $623,000. 96.71% of the stock is currently owned by institutional investors and hedge funds.

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.