Brokerages Set THOR Industries, Inc. (NYSE:THO) PT at $93.00

THOR Industries, Inc. (NYSE:THO) has been given a consensus recommendation of “Hold” by the eight research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $90.86.

A number of equities analysts have commented on the company. BMO Capital Markets reduced their price objective on THOR Industries from $120.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. KeyCorp reissued an “underweight” rating and set a $65.00 price objective on shares of THOR Industries in a report on Thursday, March 20th. Truist Financial dropped their target price on shares of THOR Industries from $110.00 to $90.00 and set a “hold” rating for the company in a research note on Thursday, March 6th. Citigroup cut shares of THOR Industries from a “buy” rating to a “neutral” rating and decreased their price target for the company from $94.00 to $86.00 in a research note on Wednesday, March 19th. Finally, Bank of America upgraded shares of THOR Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $110.00 to $125.00 in a research report on Monday, March 3rd.

THOR Industries Trading Up 0.4 %

Shares of THO stock opened at $71.33 on Friday. The company has a market capitalization of $3.80 billion, a P/E ratio of 18.24, a P/E/G ratio of 1.16 and a beta of 1.74. THOR Industries has a 12-month low of $66.00 and a 12-month high of $118.85. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $91.38 and a 200 day moving average price of $100.32.

THOR Industries (NYSE:THO) last posted its earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.98 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The business’s revenue was down 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 EPS. Research analysts forecast that THOR Industries will post 4.64 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Tuesday, April 8th. THOR Industries’s dividend payout ratio is presently 53.05%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its stake in THOR Industries by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 601,435 shares of the construction company’s stock valued at $66,092,000 after buying an additional 15,018 shares during the period. Raymond James Trust N.A. acquired a new stake in shares of THOR Industries in the 3rd quarter valued at approximately $227,000. FMR LLC raised its position in shares of THOR Industries by 8.0% in the 3rd quarter. FMR LLC now owns 29,716 shares of the construction company’s stock valued at $3,265,000 after acquiring an additional 2,205 shares during the period. Brooklyn Investment Group acquired a new position in THOR Industries during the third quarter valued at approximately $38,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in THOR Industries by 8.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,884 shares of the construction company’s stock valued at $1,306,000 after purchasing an additional 949 shares in the last quarter. 96.71% of the stock is currently owned by 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.