Analysts Set THOR Industries, Inc. (NYSE:THO) Price Target at $93.00

THOR Industries, Inc. (NYSE:THO) has been assigned a consensus rating of “Hold” from the eight analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $90.86.

A number of equities analysts have recently commented on THO shares. Truist Financial dropped their price target on shares of THOR Industries from $110.00 to $90.00 and set a “hold” rating on the stock in a research report on Thursday, March 6th. DA Davidson cut their target price on shares of THOR Industries from $95.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. StockNews.com upgraded shares of THOR Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Bank of America upgraded THOR Industries from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $110.00 to $125.00 in a research note on Monday, March 3rd. Finally, KeyCorp reaffirmed an “underweight” rating and issued a $65.00 target price on shares of THOR Industries in a report on Thursday, March 20th.

THOR Industries Trading Up 0.4 %

Shares of NYSE:THO opened at $71.33 on Friday. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $3.80 billion, a PE ratio of 18.24, a P/E/G ratio of 1.16 and a beta of 1.74. THOR Industries has a 1 year low of $66.00 and a 1 year high of $118.85. The firm has a fifty day moving average price of $91.38 and a 200 day moving average price of $100.32.

THOR Industries (NYSE:THO) last released its quarterly earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.08). THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the company posted $0.13 EPS. The business’s revenue was down 8.6% compared to the same quarter last year. Analysts expect that THOR Industries will post 4.64 EPS for the current fiscal year.

THOR Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Tuesday, April 8th. THOR Industries’s payout ratio is presently 53.05%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Atala Financial Inc acquired a new position in shares of THOR Industries in the 4th quarter valued at $27,000. First Horizon Advisors Inc. raised its position in THOR Industries by 57.3% in the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock worth $32,000 after purchasing an additional 121 shares in the last quarter. Brooklyn Investment Group bought a new position in THOR Industries during the third quarter worth about $38,000. Brown Brothers Harriman & Co. grew its stake in shares of THOR Industries by 369.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company’s stock valued at $40,000 after purchasing an additional 329 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new position in shares of THOR Industries in the 4th quarter worth approximately $51,000. 96.71% of the stock is owned by institutional investors.

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.