THOR Industries (NYSE:THO) Announces Quarterly Earnings Results, Beats Expectations By $0.78 EPS

THOR Industries (NYSE:THO) issued its quarterly earnings results on Wednesday. The construction company reported $2.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.78, RTT News reports. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. During the same quarter in the previous year, the company posted $2.13 earnings per share. THOR Industries updated its FY 2025 guidance to 3.300-4.000 EPS.

THOR Industries Stock Performance

Shares of THO stock opened at $82.32 on Wednesday. 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 50 day simple moving average of $75.27 and a 200-day simple moving average of $90.23. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 1.16 and a beta of 1.26. THOR Industries has a 12-month low of $63.16 and a 12-month high of $118.85.

THOR Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.43%. The ex-dividend date was Tuesday, April 8th. THOR Industries’s payout ratio is 53.05%.

Institutional Trading of THOR Industries

A number of institutional investors have recently modified their holdings of the business. Focus Partners Wealth purchased a new position in THOR Industries in the first quarter worth $255,000. United Services Automobile Association purchased a new stake in shares of THOR Industries during the 1st quarter worth $269,000. Jones Financial Companies Lllp grew its stake in shares of THOR Industries by 433.3% during the 1st quarter. Jones Financial Companies Lllp now owns 7,061 shares of the construction company’s stock worth $535,000 after purchasing an additional 5,737 shares during the period. Finally, Empowered Funds LLC purchased a new position in shares of THOR Industries in the 1st quarter valued at about $1,177,000. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on THO. Robert W. Baird cut shares of THOR Industries from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $100.00 to $85.00 in a report on Friday, April 4th. Truist Financial upped their price objective on THOR Industries from $72.00 to $78.00 and gave the company a “hold” rating in a research note on Tuesday. Baird R W cut THOR Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Bank of America raised THOR Industries from a “neutral” rating to a “buy” rating and boosted their target price for the company from $110.00 to $125.00 in a report on Monday, March 3rd. Finally, DA Davidson upgraded THOR Industries to a “hold” rating in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $89.14.

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.