Brokerages Set THOR Industries, Inc. (NYSE:THO) PT at $110.80

THOR Industries, Inc. (NYSE:THO) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $110.80.

THO has been the subject of a number of research analyst reports. BMO Capital Markets restated an “outperform” rating and set a $120.00 target price on shares of THOR Industries in a report on Thursday, September 19th. Benchmark restated a “hold” rating on shares of THOR Industries in a report on Tuesday, October 1st. Citigroup raised their target price on THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Truist Financial raised 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. Finally, DA Davidson restated a “neutral” rating and set a $95.00 target price on shares of THOR Industries in a report on Monday, September 30th.

THOR Industries Stock Up 4.2 %

Shares of NYSE:THO opened at $109.76 on Friday. The business has a 50-day moving average price of $104.36 and a 200 day moving average price of $101.54. The company has a current ratio of 1.69, a quick ratio of 0.82 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of 22.26 and a beta of 1.67. THOR Industries has a 12-month low of $84.54 and a 12-month 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.33. The firm 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 7.02% and a net margin of 2.64%. The company’s quarterly revenue was down 7.4% on a year-over-year basis. During the same period last year, the company earned $1.68 EPS. Sell-side analysts expect that THOR Industries will post 4.85 EPS for the current year.

THOR Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Friday, November 1st. This is a boost from THOR Industries’s previous quarterly dividend of $0.48. THOR Industries’s dividend payout ratio (DPR) is presently 40.57%.

Hedge Funds Weigh In On THOR Industries

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tortoise Investment Management LLC boosted its stake in shares of THOR Industries by 77.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock valued at $27,000 after buying an additional 124 shares during the period. Quarry LP purchased a new stake in THOR Industries during the second quarter worth approximately $28,000. UMB Bank n.a. lifted its stake in THOR Industries by 2,050.0% during the third quarter. UMB Bank n.a. now owns 258 shares of the construction company’s stock worth $28,000 after purchasing an additional 246 shares during the last quarter. Mather Group LLC. purchased a new stake in THOR Industries during the first quarter worth approximately $30,000. Finally, Blue Trust Inc. lifted its stake in THOR Industries by 548.1% during the second quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock worth $31,000 after purchasing an additional 285 shares during the last quarter. Hedge funds and other 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.