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

Shares of THOR Industries, Inc. (NYSE:THO) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $102.00.

THO has been the subject of a number of recent analyst reports. Truist Financial decreased their price objective on THOR Industries from $100.00 to $95.00 and set a “hold” rating for the company in a report on Thursday, June 6th. Citigroup decreased their price target on THOR Industries from $120.00 to $113.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Robert W. Baird cut their price objective on shares of THOR Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, June 6th. Finally, Benchmark started coverage on shares of THOR Industries in a research report on Thursday, July 18th. They issued a “hold” rating for the company.

THOR Industries Stock Performance

Shares of THO opened at $101.14 on Friday. 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 firm has a fifty day moving average of $97.16 and a 200-day moving average of $103.91. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 20.52 and a beta of 1.71.

THOR Industries (NYSE:THO) last posted its earnings results on Wednesday, June 5th. The construction company reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.24. THOR Industries had a net margin of 2.59% and a return on equity of 7.07%. The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same period in the previous year, the business posted $2.24 EPS. THOR Industries’s revenue was down 4.4% on a year-over-year basis. As a group, equities analysts anticipate that THOR Industries will post 4.79 earnings per share for the current year.

THOR Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Wednesday, July 3rd were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Wednesday, July 3rd. THOR Industries’s payout ratio is currently 38.95%.

Institutional Investors Weigh In On THOR Industries

Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank bought a new stake in shares of THOR Industries in the 4th quarter worth approximately $65,391,000. Pacer Advisors Inc. grew its position 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 buying an additional 296,583 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of THOR Industries by 6.9% in 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 buying an additional 187,019 shares in the last quarter. Scout Investments Inc. lifted its position in shares of THOR Industries by 89.7% during the 4th quarter. Scout Investments Inc. now owns 239,396 shares of the construction company’s stock valued at $28,309,000 after acquiring an additional 113,201 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of THOR Industries by 12.2% during the 2nd quarter. American Century Companies Inc. now owns 723,910 shares of the construction company’s stock valued at $67,649,000 after acquiring an additional 78,832 shares during the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.

THOR Industries Company Profile

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.