Brokerages Set THOR Industries, Inc. (NYSE:THO) Target Price at $104.00

THOR Industries, Inc. (NYSE:THO) has been given an average rating of “Moderate Buy” by the six analysts that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $104.00.

THO has been the topic of a number of recent research reports. TheStreet downgraded THOR Industries from a “b-” rating to a “c+” rating in a research report on Monday, March 18th. Citigroup raised THOR Industries from a “neutral” rating to a “buy” rating and raised their price objective for the company from $111.00 to $122.00 in a research report on Friday, March 15th. Robert W. Baird raised their price objective on THOR Industries from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Finally, Truist Financial raised their price objective on THOR Industries from $96.00 to $105.00 and gave the company a “hold” rating in a research report on Tuesday, January 9th.

THOR Industries Price Performance

THO opened at $102.66 on Friday. THOR Industries has a 12-month low of $74.50 and a 12-month high of $129.31. The company has a current ratio of 1.75, a quick ratio of 0.65 and a debt-to-equity ratio of 0.35. The business’s fifty day simple moving average is $114.04 and its 200-day simple moving average is $107.59. The company has a market capitalization of $5.47 billion, a price-to-earnings ratio of 20.37 and a beta of 1.78.

THOR Industries (NYSE:THO) last posted its quarterly earnings results on Wednesday, March 6th. The construction company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.54). THOR Industries had a return on equity of 7.28% and a net margin of 2.62%. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the previous year, the company posted $0.50 EPS. THOR Industries’s quarterly revenue was down 5.9% compared to the same quarter last year. On average, equities research analysts anticipate that THOR Industries will post 5.37 earnings per share for the current fiscal year.

THOR Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Monday, April 8th. THOR Industries’s dividend payout ratio is presently 38.10%.

Insiders Place Their Bets

In other THOR Industries news, COO W. Todd Woelfer sold 3,333 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $115.00, for a total value of $383,295.00. Following the completion of the sale, the chief operating officer now owns 98,347 shares of the company’s stock, valued at $11,309,905. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 4.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Harbour Investments Inc. raised its stake in shares of THOR Industries by 290.9% in the third quarter. Harbour Investments Inc. now owns 258 shares of the construction company’s stock worth $25,000 after purchasing an additional 192 shares during the last quarter. Parkside Financial Bank & Trust raised its position in THOR Industries by 889.3% during the third quarter. Parkside Financial Bank & Trust now owns 277 shares of the construction company’s stock valued at $26,000 after acquiring an additional 249 shares in the last quarter. Smithfield Trust Co raised its position in THOR Industries by 127.2% during the third quarter. Smithfield Trust Co now owns 284 shares of the construction company’s stock valued at $27,000 after acquiring an additional 159 shares in the last quarter. Benjamin Edwards Inc. raised its position in THOR Industries by 123.6% during the second quarter. Benjamin Edwards Inc. now owns 275 shares of the construction company’s stock valued at $28,000 after acquiring an additional 152 shares in the last quarter. Finally, Mather Group LLC. purchased a new position in THOR Industries during the first quarter valued at approximately $30,000. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

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.