Thor Industries, Inc. (NYSE:THO) Receives Consensus Recommendation of “Hold” from Analysts

Thor Industries, Inc. (NYSE:THO) has earned a consensus rating of “Hold” from the fourteen analysts that are covering the firm, Marketbeat.com reports. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $92.3333.

THO has been the topic of several recent analyst reports. Citigroup dropped their target price on Thor Industries from $80.00 to $79.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. Roth Capital set a $78.00 price target on Thor Industries in a research note on Thursday, June 4th. Argus upgraded Thor Industries to a “hold” rating in a research note on Friday, June 12th. DA Davidson dropped their price objective on Thor Industries from $100.00 to $80.00 and set a “neutral” rating on the stock in a report on Monday, June 15th. Finally, Benchmark reiterated a “hold” rating on shares of Thor Industries in a research report on Friday, June 12th.

Institutional Trading of Thor Industries

Several hedge funds and other institutional investors have recently made changes to their positions in THO. Kingsview Wealth Management LLC increased its holdings in Thor Industries by 955.2% in the fourth quarter. Kingsview Wealth Management LLC now owns 28,057 shares of the RV manufacturer’s stock valued at $2,881,000 after buying an additional 25,398 shares in the last quarter. Edgestream Partners L.P. lifted its position in shares of Thor Industries by 133.0% during the 1st quarter. Edgestream Partners L.P. now owns 26,816 shares of the RV manufacturer’s stock valued at $2,142,000 after acquiring an additional 15,309 shares during the period. Capital Research Global Investors boosted its stake in shares of Thor Industries by 3.2% during the 4th quarter. Capital Research Global Investors now owns 1,581,876 shares of the RV manufacturer’s stock worth $162,411,000 after acquiring an additional 48,466 shares in the last quarter. Callan Family Office LLC purchased a new stake in shares of Thor Industries during the 2nd quarter worth approximately $1,054,000. Finally, ACR Alpine Capital Research LLC grew its holdings in shares of Thor Industries by 0.7% in the 4th quarter. ACR Alpine Capital Research LLC now owns 4,133,782 shares of the RV manufacturer’s stock worth $424,415,000 after acquiring an additional 26,712 shares during the period. Institutional investors and hedge funds own 96.71% of the company’s stock.

Thor Industries Trading Up 1.5%

Shares of Thor Industries stock opened at $76.93 on Friday. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 33.30, a price-to-earnings-growth ratio of 1.66 and a beta of 1.34. Thor Industries has a 52-week low of $69.71 and a 52-week high of $122.83. The company’s 50-day simple moving average is $76.91 and its 200-day simple moving average is $80.13. The company has a quick ratio of 0.80, a current ratio of 1.71 and a debt-to-equity ratio of 0.20.

Thor Industries (NYSE:THO) last announced its quarterly earnings data on Wednesday, June 3rd. The RV manufacturer reported $1.86 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.02). Thor Industries had a net margin of 2.67% and a return on equity of 5.74%. The firm had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the previous year, the business earned $2.53 EPS. Thor Industries’s revenue for the quarter was down 3.9% on a year-over-year basis. As a group, equities research analysts anticipate that Thor Industries will post 3.21 earnings per share for the current year.

Thor Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.7%. Thor Industries’s dividend payout ratio is 90.04%.

Thor Industries Company Profile

Thor Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and related components for the leisure travel market. Through its family of well-known brands—such as Airstream, Heartland, Jayco, Keystone RV and Thor Motor Coach—the company designs, manufactures and sells a broad range of motorized and towable RVs, complemented by aftermarket parts and service solutions. Thor offers products that span travel trailers, fifth wheels, toy haulers and Class A, B and C motorhomes, addressing both entry-level and premium segments.

Founded in 1980 when Wade Thompson and Peter Orthwein acquired Airstream from Beatrice Foods, Thor Industries has grown organically and through strategic acquisitions to become one of the largest RV producers in the world.