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

THOR Industries, Inc. (NYSE:THO) has been assigned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $93.00.

Several equities analysts recently issued reports on THO shares. Citigroup lowered shares of THOR Industries from a “buy” rating to a “neutral” rating and cut their price objective for the company from $94.00 to $86.00 in a report on Wednesday, March 19th. Bank of America raised THOR Industries from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $110.00 to $125.00 in a research report on Monday, March 3rd. DA Davidson dropped their price objective on THOR Industries from $95.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. BMO Capital Markets reduced their target price on shares of THOR Industries from $120.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Finally, Robert W. Baird lowered their price target on shares of THOR Industries from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of THO. Atala Financial Inc acquired a new stake in shares of THOR Industries during the fourth quarter worth $27,000. First Horizon Advisors Inc. lifted its position in THOR Industries by 57.3% during the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock worth $32,000 after acquiring an additional 121 shares during the period. Brooklyn Investment Group purchased a new stake in THOR Industries during the 3rd quarter valued at about $38,000. Brown Brothers Harriman & Co. increased its holdings in shares of THOR Industries by 369.7% in the fourth 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 purchased a new position in shares of THOR Industries in the fourth quarter worth about $51,000. Institutional investors and hedge funds own 96.71% of the company’s stock.

THOR Industries Price Performance

Shares of THO stock opened at $77.02 on Friday. THOR Industries has a twelve month low of $75.78 and a twelve month high of $118.85. 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 fifty day simple moving average of $94.11 and a two-hundred day simple moving average of $101.19. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 19.70, a P/E/G ratio of 1.16 and a beta of 1.74.

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

THOR Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Tuesday, April 8th. THOR Industries’s payout ratio is currently 53.05%.

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.