THOR Industries (NYSE:THO) PT Raised to $107.00

THOR Industries (NYSE:THO) had its target price boosted by Citigroup from $97.00 to $107.00 in a research note issued to investors on Friday, FlyOnTheWall reports.

A number of other equities analysts have also commented on THO. BMO Capital Markets increased their price target on THOR Industries from $105.00 to $115.00 in a research note on Wednesday, June 7th. StockNews.com assumed coverage on THOR Industries in a research note on Thursday, August 17th. They set a hold rating for the company. DA Davidson increased their price target on THOR Industries from $72.00 to $85.00 in a research note on Thursday, June 8th. Robert W. Baird raised their price objective on THOR Industries from $95.00 to $110.00 in a research note on Wednesday, June 7th. Finally, Truist Financial raised their price objective on THOR Industries from $72.00 to $84.00 in a research note on Wednesday, June 7th. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $95.00.

THOR Industries Price Performance

Shares of THOR Industries stock opened at $108.15 on Friday. The stock has a 50 day moving average of $106.98 and a 200 day moving average of $91.99. THOR Industries has a 12 month low of $67.09 and a 12 month high of $116.31. The firm has a market cap of $5.77 billion, a PE ratio of 10.38 and a beta of 1.87. The company has a current ratio of 1.79, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42.

THOR Industries (NYSE:THO) last announced its quarterly earnings results on Tuesday, June 6th. The construction company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $1.17. THOR Industries had a return on equity of 15.13% and a net margin of 4.63%. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same period in the prior year, the company earned $6.32 earnings per share. The firm’s revenue was down 37.1% on a year-over-year basis. On average, research analysts expect that THOR Industries will post 6.16 EPS for the current fiscal year.

THOR Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, July 7th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Thursday, July 6th. THOR Industries’s payout ratio is 17.27%.

Insider Buying and Selling

In related news, SVP Kenneth D. Julian sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $110.72, for a total transaction of $1,107,200.00. Following the completion of the sale, the senior vice president now directly owns 30,811 shares of the company’s stock, valued at approximately $3,411,393.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On THOR Industries

A number of institutional investors and hedge funds have recently modified their holdings of THO. Janney Montgomery Scott LLC increased its holdings in THOR Industries by 18.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 110,451 shares of the construction company’s stock worth $8,796,000 after purchasing an additional 17,595 shares during the period. Advisor OS LLC increased its holdings in THOR Industries by 4.2% during the 1st quarter. Advisor OS LLC now owns 6,928 shares of the construction company’s stock worth $552,000 after purchasing an additional 282 shares during the period. Treasurer of the State of North Carolina increased its holdings in THOR Industries by 3.4% during the 1st quarter. Treasurer of the State of North Carolina now owns 35,131 shares of the construction company’s stock worth $2,798,000 after purchasing an additional 1,165 shares during the period. Salvus Wealth Management LLC increased its holdings in THOR Industries by 4.5% during the 1st quarter. Salvus Wealth Management LLC now owns 36,936 shares of the construction company’s stock worth $2,942,000 after purchasing an additional 1,575 shares during the period. Finally, BOKF NA increased its holdings in THOR Industries by 1.6% during the 4th quarter. BOKF NA now owns 10,731 shares of the construction company’s stock worth $810,000 after purchasing an additional 166 shares during the period. 96.52% of the stock is owned by institutional investors.

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.