THOR Industries, Inc. (NYSE:THO) Receives $110.80 Average Target Price from Analysts

Shares of THOR Industries, Inc. (NYSE:THO) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $110.80.

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

Insider Transactions at THOR Industries

In other news, VP Colleen A. Zuhl sold 4,354 shares of THOR Industries stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $115.00, for a total transaction of $500,710.00. Following the completion of the transaction, the vice president now owns 131,905 shares of the company’s stock, valued at $15,169,075. The trade was a 3.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Tortoise Investment Management LLC raised its stake in shares of THOR Industries by 77.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock worth $27,000 after buying an additional 124 shares during the last quarter. Quarry LP acquired a new position in THOR Industries in the 2nd quarter valued at about $28,000. UMB Bank n.a. raised its stake in THOR Industries by 2,050.0% in the 3rd quarter. UMB Bank n.a. now owns 258 shares of the construction company’s stock valued at $28,000 after purchasing an additional 246 shares during the last quarter. Blue Trust Inc. raised its stake in THOR Industries by 548.1% in the 2nd quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock valued at $31,000 after purchasing an additional 285 shares during the last quarter. Finally, Van ECK Associates Corp acquired a new position in THOR Industries in the 3rd quarter valued at about $32,000. Institutional investors and hedge funds own 96.71% of the company’s stock.

THOR Industries Stock Performance

Shares of THO opened at $113.15 on Friday. The company’s 50 day simple moving average is $108.62 and its 200-day simple moving average is $102.33. THOR Industries has a 12-month low of $88.37 and a 12-month 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 firm has a market cap of $6.01 billion, a PE ratio of 22.93 and a beta of 1.67.

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

THOR Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Friday, November 1st. This is an increase from THOR Industries’s previous quarterly dividend of $0.48. THOR Industries’s payout ratio is 40.57%.

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.