THOR Industries, Inc. (NYSE:THO) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of THOR Industries, Inc. (NYSE:THO) have been assigned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year 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 several recent analyst reports. Robert W. Baird boosted their price target on THOR Industries from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Truist Financial raised their price target on shares of THOR Industries from $96.00 to $105.00 and gave the stock a “hold” rating in a research report on Tuesday, January 9th. TheStreet downgraded shares of THOR Industries from a “b-” rating to a “c+” rating in a research note on Monday, March 18th. Finally, Citigroup raised shares of THOR Industries from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $111.00 to $122.00 in a research report on Friday, March 15th.

THOR Industries Stock Performance

THOR Industries stock opened at $101.37 on Wednesday. The firm has a market capitalization of $5.41 billion, a PE ratio of 20.11 and a beta of 1.80. THOR Industries has a one year low of $75.93 and a one year high of $129.31. The stock’s 50 day moving average price is $107.77 and its 200 day moving average price is $108.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.65 and a current ratio of 1.75.

THOR Industries (NYSE:THO) last posted its earnings results on Wednesday, March 6th. The construction company reported $0.13 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 analyst estimates of $2.27 billion. During the same period in the previous year, the firm posted $0.50 earnings per share. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. As a group, sell-side analysts expect that THOR Industries will post 5.37 EPS for the current fiscal year.

THOR Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were given a $0.48 dividend. The ex-dividend date of this dividend was Monday, April 8th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.89%. THOR Industries’s payout ratio is currently 38.10%.

Institutional Investors Weigh In On THOR Industries

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in THOR Industries by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 5,295,044 shares of the construction company’s stock valued at $626,139,000 after acquiring an additional 24,985 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its stake in THOR Industries by 1.5% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,223,499 shares of the construction company’s stock worth $496,912,000 after buying an additional 79,595 shares during the last quarter. Dimensional Fund Advisors LP increased its position in THOR Industries by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,634,436 shares of the construction company’s stock worth $311,527,000 after buying an additional 81,840 shares during the period. ACR Alpine Capital Research LLC lifted its stake in THOR Industries by 1.6% in the fourth quarter. ACR Alpine Capital Research LLC now owns 1,472,852 shares of the construction company’s stock valued at $174,165,000 after buying an additional 22,542 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of THOR Industries by 56.7% during the fourth quarter. Pacer Advisors Inc. now owns 725,667 shares of the construction company’s stock valued at $85,810,000 after acquiring an additional 262,478 shares during the period. Institutional investors own 96.71% of the company’s stock.

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.