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

Shares of THOR Industries, Inc. (NYSE:THO) have been assigned an average rating of “Hold” from the eight analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $93.00.

Several brokerages have weighed in on THO. Bank of America raised THOR Industries from a “neutral” rating to a “buy” rating and lifted their target price for the company from $110.00 to $125.00 in a research note on Monday, March 3rd. Robert W. Baird reduced their price objective on shares of THOR Industries from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Citigroup lowered shares of THOR Industries from a “buy” rating to a “neutral” rating and decreased their target price for the company from $94.00 to $86.00 in a research report on Wednesday, March 19th. KeyCorp restated an “underweight” rating and set a $65.00 price target on shares of THOR Industries in a research report on Thursday, March 20th. Finally, Truist Financial decreased their price objective on shares of THOR Industries from $110.00 to $90.00 and set a “hold” rating for the company in a report on Thursday, March 6th.

Hedge Funds Weigh In On THOR Industries

A number of hedge funds have recently modified their holdings of the stock. Atala Financial Inc purchased a new position in THOR Industries in the 4th quarter worth about $27,000. First Horizon Advisors Inc. increased its position in shares of THOR Industries by 57.3% in the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock worth $32,000 after acquiring an additional 121 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of THOR Industries in the third quarter worth approximately $38,000. Brown Brothers Harriman & Co. lifted its position 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 valued at $40,000 after acquiring an additional 329 shares in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of THOR Industries in the 4th quarter valued at approximately $51,000. 96.71% of the stock is currently owned by institutional investors and hedge funds.

THOR Industries Stock Performance

Shares of NYSE THO opened at $78.89 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. The firm’s 50-day moving average price is $92.58 and its two-hundred day moving average price is $100.74. THOR Industries has a 52-week low of $74.95 and a 52-week high of $118.85. The stock has a market capitalization of $4.20 billion, a P/E ratio of 20.18, a P/E/G ratio of 1.16 and a beta of 1.74.

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

THOR Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.00 annualized dividend and a dividend yield of 2.54%. 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.