THOR Industries, Inc. (NYSE:THO) Receives Consensus Recommendation of “Hold” from Analysts

THOR Industries, Inc. (NYSE:THO) has been given a consensus rating of “Hold” by the seven ratings firms that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $112.33.

Several analysts recently commented on THO shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a $120.00 price target on shares of THOR Industries in a research note on Thursday, September 19th. Citigroup boosted their target price on shares of THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. DA Davidson reiterated a “neutral” rating and set a $95.00 target price on shares of THOR Industries in a research report on Monday, September 30th. Truist Financial boosted their price target on shares of THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Finally, Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd.

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 value of $500,710.00. Following the completion of the sale, the vice president now directly owns 131,905 shares of the company’s stock, valued at approximately $15,169,075. This trade represents a 3.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On THOR Industries

Several hedge funds have recently added to or reduced their stakes in the company. Tortoise Investment Management LLC raised its holdings in 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 purchasing an additional 124 shares during the last quarter. Stratos Wealth Advisors LLC raised its stake in shares of THOR Industries by 2.2% during the third quarter. Stratos Wealth Advisors LLC now owns 6,411 shares of the construction company’s stock worth $705,000 after buying an additional 135 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of THOR Industries by 0.9% during the third quarter. Nisa Investment Advisors LLC now owns 15,776 shares of the construction company’s stock worth $1,734,000 after buying an additional 135 shares during the last quarter. Palouse Capital Management Inc. lifted its holdings in THOR Industries by 25.1% in the second quarter. Palouse Capital Management Inc. now owns 793 shares of the construction company’s stock valued at $74,000 after buying an additional 159 shares during the period. Finally, GAMMA Investing LLC boosted its stake in THOR Industries by 34.7% in the third quarter. GAMMA Investing LLC now owns 780 shares of the construction company’s stock valued at $86,000 after acquiring an additional 201 shares during the last quarter. Institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Performance

Shares of NYSE THO opened at $96.84 on Thursday. THOR Industries has a 12 month low of $88.37 and a 12 month high of $129.31. 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 company has a market cap of $5.15 billion, a P/E ratio of 24.77 and a beta of 1.67. The business’s 50 day moving average is $108.32 and its two-hundred day moving average is $103.17.

THOR Industries (NYSE:THO) last released its earnings results on Tuesday, September 24th. The construction company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.35 by $0.33. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.47 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.68 EPS. On average, equities analysts expect that THOR Industries will post 4.67 EPS for the current year.

THOR Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Friday, November 1st. This is a boost from THOR Industries’s previous quarterly dividend of $0.48. THOR Industries’s dividend payout ratio (DPR) is presently 51.15%.

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.