THOR Industries, Inc. (NYSE:THO) Receives Average Recommendation of “Hold” from Brokerages

THOR Industries, Inc. (NYSE:THO) has been given an average recommendation of “Hold” by the nine brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $87.57.

A number of analysts have commented on the stock. DA Davidson raised shares of THOR Industries to a “hold” rating in a research report on Monday, April 14th. Citigroup cut shares of THOR Industries from a “buy” rating to a “neutral” rating and cut their price target for the company from $94.00 to $86.00 in a research report on Wednesday, March 19th. Robert W. Baird cut shares of THOR Industries from an “outperform” rating to a “neutral” rating and cut their price target for the company from $100.00 to $85.00 in a research report on Friday, April 4th. Bank of America raised shares of THOR Industries from a “neutral” rating to a “buy” rating and upped their price target for the company from $110.00 to $125.00 in a research report on Monday, March 3rd. Finally, Truist Financial cut their price target on shares of THOR Industries from $90.00 to $72.00 and set a “hold” rating on the stock in a research report on Monday, April 14th.

Hedge Funds Weigh In On THOR Industries

Institutional investors have recently made changes to their positions in the stock. Atala Financial Inc acquired a new position in shares of THOR Industries during the fourth quarter valued at about $27,000. First Horizon Advisors Inc. raised its holdings in shares of THOR Industries by 57.3% in 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 last quarter. UMB Bank n.a. raised its holdings in shares of THOR Industries by 135.6% in the 1st quarter. UMB Bank n.a. now owns 483 shares of the construction company’s stock worth $37,000 after acquiring an additional 278 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings 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 worth $40,000 after acquiring an additional 329 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of THOR Industries in the 4th quarter worth about $51,000. Institutional investors and hedge funds own 96.71% of the company’s stock.

THOR Industries Stock Performance

Shares of THOR Industries stock opened at $82.37 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. THOR Industries has a twelve month low of $63.16 and a twelve month high of $118.85. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 21.07, a P/E/G ratio of 1.16 and a beta of 1.26. The company’s fifty day moving average is $75.04 and its 200 day moving average is $92.52.

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

THOR Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $2.00 annualized dividend and a dividend yield of 2.43%. THOR Industries’s dividend 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.