THOR Industries, Inc. (NYSE:THO) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of THOR Industries, Inc. (NYSE:THO) have been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $110.80.

Several analysts have issued reports on THO shares. DA Davidson restated a “neutral” rating and set a $95.00 price objective on shares of THOR Industries in a research note on Monday, September 30th. Benchmark reissued a “hold” rating on shares of THOR Industries in a research report on Tuesday, October 1st. Truist Financial lifted their price objective on shares of THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Citigroup increased their target price on shares of THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $120.00 price target on shares of THOR Industries in a report on Thursday, September 19th.

THOR Industries Stock Performance

THOR Industries stock opened at $104.58 on Wednesday. THOR Industries has a 52 week low of $88.37 and a 52 week high of $129.31. The company has a current ratio of 1.69, a quick ratio of 0.82 and a debt-to-equity ratio of 0.27. The stock has a market cap of $5.54 billion, a P/E ratio of 21.21 and a beta of 1.67. The stock has a 50 day moving average of $106.61 and a 200-day moving average of $101.29.

THOR Industries (NYSE:THO) last posted its quarterly earnings data on Tuesday, September 24th. The construction company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.33. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.47 billion. THOR Industries had a net margin of 2.64% and a return on equity of 7.02%. The firm’s revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.68 EPS. On average, analysts expect that THOR Industries will post 4.85 EPS for the current fiscal year.

THOR Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $0.50 per share. The ex-dividend date is Friday, November 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.91%. This is a positive change from THOR Industries’s previous quarterly dividend of $0.48. THOR Industries’s dividend payout ratio is currently 38.95%.

Insider Activity at THOR Industries

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total value of $500,710.00. Following the completion of the transaction, the vice president now owns 131,905 shares in the company, valued at approximately $15,169,075. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On THOR Industries

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC increased its position in THOR Industries by 0.4% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,356,769 shares of the construction company’s stock valued at $500,590,000 after acquiring an additional 21,841 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of THOR Industries by 6.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock valued at $271,097,000 after purchasing an additional 187,019 shares during the period. ACR Alpine Capital Research LLC raised its stake in shares of THOR Industries by 4.3% during the second quarter. ACR Alpine Capital Research LLC now owns 1,524,303 shares of the construction company’s stock valued at $142,446,000 after purchasing an additional 62,716 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in THOR Industries by 35.1% in the second quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company’s stock worth $106,567,000 after purchasing an additional 296,583 shares during the period. Finally, American Century Companies Inc. grew its position in THOR Industries by 12.2% in the 2nd quarter. American Century Companies Inc. now owns 723,910 shares of the construction company’s stock valued at $67,649,000 after buying an additional 78,832 shares in the last quarter. 96.71% of the stock is currently owned by institutional investors and hedge funds.

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.