THOR Industries (NYSE:THO) Given “Hold” Rating at Benchmark

Benchmark reaffirmed their hold rating on shares of THOR Industries (NYSE:THO) in a research note issued to investors on Tuesday,Benzinga reports.

THO has been the topic of a number of other reports. BMO Capital Markets reissued an “outperform” rating and set a $120.00 price target on shares of THOR Industries in a research report on Thursday, September 19th. Truist Financial lifted 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. DA Davidson reaffirmed a “neutral” rating and issued a $95.00 target price on shares of THOR Industries in a report on Monday, September 30th. Finally, Citigroup lifted their price target on THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $110.80.

THOR Industries Stock Performance

Shares of THO opened at $108.49 on Tuesday. The firm has a market capitalization of $5.76 billion, a P/E ratio of 22.01 and a beta of 1.67. THOR Industries has a 52 week low of $88.37 and a 52 week high of $129.31. The stock has a 50 day moving average price of $109.30 and a two-hundred day moving average price of $102.59. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.82 and a current ratio of 1.69.

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

THOR Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $0.50 dividend. This is an increase from THOR Industries’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend was Friday, November 1st. THOR Industries’s dividend payout ratio (DPR) is currently 40.57%.

Insider Buying and Selling at THOR Industries

In other news, VP Colleen A. Zuhl sold 4,354 shares of THOR Industries 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 $15,169,075. This trade represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its position in shares of THOR Industries by 5.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 32,906 shares of the construction company’s stock valued at $3,862,000 after buying an additional 1,592 shares during the period. Cetera Investment Advisers increased its holdings in THOR Industries by 83.3% during the 1st quarter. Cetera Investment Advisers now owns 43,113 shares of the construction company’s stock worth $5,059,000 after acquiring an additional 19,595 shares during the period. Cetera Advisors LLC lifted its stake in THOR Industries by 571.3% in the 1st quarter. Cetera Advisors LLC now owns 22,341 shares of the construction company’s stock worth $2,622,000 after purchasing an additional 19,013 shares in the last quarter. GAMMA Investing LLC boosted its holdings in THOR Industries by 46.2% in the 2nd quarter. GAMMA Investing LLC now owns 579 shares of the construction company’s stock valued at $54,000 after purchasing an additional 183 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in THOR Industries by 273.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 14,106 shares of the construction company’s stock valued at $1,318,000 after purchasing an additional 10,328 shares during the period. 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.