Truist Financial Cuts THOR Industries (NYSE:THO) Price Target to $72.00

THOR Industries (NYSE:THO – Get Rating) had its price target trimmed by Truist Financial from $80.00 to $72.00 in a research note issued to investors on Thursday, The Fly reports.

A number of other analysts have also weighed in on the stock. Roth Capital reissued a neutral rating on shares of THOR Industries in a research report on Tuesday, March 7th. Citigroup raised their target price on shares of THOR Industries from $87.00 to $94.00 and gave the stock a neutral rating in a research report on Friday, February 24th. DA Davidson reduced their target price on shares of THOR Industries from $84.00 to $77.00 and set a neutral rating on the stock in a research report on Thursday, March 9th. KeyCorp started coverage on shares of THOR Industries in a research report on Wednesday, April 19th. They set a sector weight rating on the stock. Finally, StockNews.com started coverage on shares of THOR Industries in a research report on Thursday, May 18th. They set a hold rating on the stock. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $82.40.

THOR Industries Stock Up 0.0 %

THO opened at $80.16 on Thursday. The firm has a 50-day simple moving average of $79.00 and a two-hundred day simple moving average of $84.16. THOR Industries has a 52 week low of $67.09 and a 52 week high of $105.36. The company has a market capitalization of $4.29 billion, a PE ratio of 5.53 and a beta of 1.75. The company has a quick ratio of 0.68, a current ratio of 1.95 and a debt-to-equity ratio of 0.46.

THOR Industries (NYSE:THO – Get Rating) last released its quarterly earnings data on Tuesday, March 7th. The construction company reported $0.50 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.60). THOR Industries had a net margin of 5.69% and a return on equity of 21.88%. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same period last year, the company earned $4.79 EPS. The firm’s revenue for the quarter was down 39.4% on a year-over-year basis. Analysts forecast that THOR Industries will post 5.76 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 26th. Shareholders of record on Wednesday, April 12th were paid a $0.45 dividend. The ex-dividend date was Tuesday, April 11th. This represents a $1.80 annualized dividend and a yield of 2.25%. THOR Industries’s dividend payout ratio (DPR) is 12.41%.

Institutional Investors Weigh In On THOR Industries

Several institutional investors have recently bought and sold shares of the company. Macquarie Group Ltd. boosted its stake in THOR Industries by 3.9% in the second quarter. Macquarie Group Ltd. now owns 3,028 shares of the construction company’s stock valued at $227,000 after acquiring an additional 113 shares in the last quarter. Money Concepts Capital Corp boosted its stake in THOR Industries by 1.3% in the fourth quarter. Money Concepts Capital Corp now owns 10,545 shares of the construction company’s stock valued at $796,000 after acquiring an additional 131 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in THOR Industries by 30.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 640 shares of the construction company’s stock valued at $45,000 after acquiring an additional 150 shares in the last quarter. Lido Advisors LLC boosted its stake in THOR Industries by 4.8% in the first quarter. Lido Advisors LLC now owns 3,377 shares of the construction company’s stock valued at $265,000 after acquiring an additional 154 shares in the last quarter. Finally, BOKF NA lifted its stake in shares of THOR Industries by 1.6% during the fourth quarter. BOKF NA now owns 10,731 shares of the construction company’s stock worth $810,000 after buying an additional 166 shares during the period. 98.68% of the stock is currently owned by institutional investors and hedge funds.

THOR Industries Company Profile

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Thor Industries, Inc engages in the manufacture and sale of recreational vehicles. It operates through the following segments: North American Towable Recreational Vehicles, North American Motorized Recreational Vehicles, and European Recreational Vehicles. The North American Towable Recreational Vehicles segment includes operating entities such as Airstream, Heartland, Jayco, Keystone, and KZ.