Brokerages Set THOR Industries, Inc. (NYSE:THO) Target Price at $102.00

THOR Industries, Inc. (NYSE:THO) has received a consensus recommendation of “Moderate Buy” from the five research firms that are 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 ratings on the stock in the last year is $102.00.

THO has been the subject of several recent analyst reports. Robert W. Baird lowered their price target on THOR Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, June 6th. TheStreet downgraded shares of THOR Industries from a “b-” rating to a “c+” rating in a report on Monday, March 18th. Citigroup cut their price target on shares of THOR Industries from $120.00 to $113.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Finally, Truist Financial lowered their price objective on shares of THOR Industries from $100.00 to $95.00 and set a “hold” rating for the company in a research note on Thursday, June 6th.

Institutional Trading of THOR Industries

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of THOR Industries by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 5,295,044 shares of the construction company’s stock valued at $626,139,000 after buying an additional 24,985 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in THOR Industries by 3.2% during 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 in the last quarter. ACR Alpine Capital Research LLC boosted its stake in shares of THOR Industries by 1.6% during the 4th quarter. ACR Alpine Capital Research LLC now owns 1,472,852 shares of the construction company’s stock worth $174,165,000 after acquiring an additional 22,542 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of THOR Industries by 56.7% in the 4th quarter. Pacer Advisors Inc. now owns 725,667 shares of the construction company’s stock valued at $85,810,000 after purchasing an additional 262,478 shares during the period. Finally, Palestra Capital Management LLC purchased a new stake in THOR Industries during the third quarter valued at about $68,187,000. Institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Performance

Shares of THO opened at $92.03 on Thursday. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 18.67 and a beta of 1.72. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.74 and a current ratio of 1.65. THOR Industries has a 1 year low of $84.54 and a 1 year high of $129.31. The company’s 50 day simple moving average is $97.47 and its 200 day simple moving average is $108.03.

THOR Industries (NYSE:THO) last issued its quarterly earnings results on Wednesday, June 5th. The construction company reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.24. The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.73 billion. THOR Industries had a return on equity of 7.07% and a net margin of 2.59%. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.24 EPS. On average, sell-side analysts predict that THOR Industries will post 4.8 EPS for the current year.

THOR Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Wednesday, July 3rd will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.92 annualized dividend and a yield of 2.09%. THOR Industries’s dividend payout ratio (DPR) is 38.95%.

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.