THOR Industries, Inc. (NYSE:THO) Receives $100.00 Consensus Target Price from Analysts

THOR Industries, Inc. (NYSE:THOGet Free Report) has received a consensus rating of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $100.00.

THO has been the subject of several research reports. Citigroup lifted their price target on THOR Industries from $94.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, December 4th. Truist Financial upped their price target on shares of THOR Industries from $96.00 to $105.00 and gave the stock a “hold” rating in a report on Tuesday, January 9th. Finally, BMO Capital Markets lifted their price objective on shares of THOR Industries from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, December 7th.

View Our Latest Research Report on THO

THOR Industries Stock Performance

THO opened at $115.89 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.64 and a current ratio of 1.63. The business’s 50-day simple moving average is $112.61 and its 200 day simple moving average is $104.12. The firm has a market capitalization of $6.18 billion, a PE ratio of 21.42 and a beta of 1.78. THOR Industries has a 52-week low of $74.50 and a 52-week high of $122.00.

THOR Industries (NYSE:THOGet Free Report) last released its quarterly earnings data on Wednesday, December 6th. The construction company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.98 by $0.01. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.50 billion. THOR Industries had a return on equity of 7.48% and a net margin of 2.77%. The firm’s revenue for the quarter was down 19.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.53 EPS. As a group, sell-side analysts expect that THOR Industries will post 6.67 earnings per share for the current fiscal year.

THOR Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Thursday, December 28th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Wednesday, December 27th. THOR Industries’s dividend payout ratio is 35.49%.

Insider Buying and Selling at THOR Industries

In other news, COO W. Todd Woelfer sold 3,334 shares of the company’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $112.50, for a total transaction of $375,075.00. Following the completion of the transaction, the chief operating officer now directly owns 101,680 shares in the company, valued at $11,439,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.70% of the company’s stock.

Institutional Investors Weigh In On THOR Industries

Hedge funds and other institutional investors have recently bought and sold shares of the company. Financial Gravity Asset Management Inc. acquired a new stake in shares of THOR Industries during the second quarter valued at about $626,000. Harbour Investments Inc. raised its position in THOR Industries by 290.9% during the 3rd quarter. Harbour Investments Inc. now owns 258 shares of the construction company’s stock worth $25,000 after purchasing an additional 192 shares during the last quarter. Benjamin Edwards Inc. lifted its holdings in THOR Industries by 123.6% during the 2nd quarter. Benjamin Edwards Inc. now owns 275 shares of the construction company’s stock worth $28,000 after buying an additional 152 shares during the period. Parkside Financial Bank & Trust grew its position in shares of THOR Industries by 889.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 277 shares of the construction company’s stock valued at $26,000 after buying an additional 249 shares during the last quarter. Finally, Smithfield Trust Co grew its position in shares of THOR Industries by 127.2% in the 3rd quarter. Smithfield Trust Co now owns 284 shares of the construction company’s stock valued at $27,000 after buying an additional 159 shares during the last quarter. Institutional investors own 96.52% of the company’s stock.

THOR Industries Company Profile

(Get Free Report

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.

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Analyst Recommendations for THOR Industries (NYSE:THO)

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