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

Shares of THOR Industries, Inc. (NYSE:THO) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $104.00.

Several equities analysts recently issued reports on THO shares. TheStreet cut shares of THOR Industries from a “b-” rating to a “c+” rating in a research report on Monday, March 18th. Truist Financial boosted their price target on shares of THOR Industries from $96.00 to $105.00 and gave the company a “hold” rating in a research report on Tuesday, January 9th. Robert W. Baird boosted their price target on shares of THOR Industries from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Finally, Citigroup upgraded shares of THOR Industries from a “neutral” rating to a “buy” rating and boosted their price target for the company from $111.00 to $122.00 in a research report on Friday, March 15th.

THOR Industries Stock Performance

Shares of NYSE:THO opened at $98.52 on Friday. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 19.55 and a beta of 1.78. The company has a 50-day moving average price of $113.41 and a 200-day moving average price of $107.56. The company has a current ratio of 1.75, a quick ratio of 0.65 and a debt-to-equity ratio of 0.35. THOR Industries has a 12 month low of $74.50 and a 12 month high of $129.31.

THOR Industries (NYSE:THO) last announced its quarterly earnings results on Wednesday, March 6th. The construction company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.54). THOR Industries had a net margin of 2.62% and a return on equity of 7.28%. The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the prior year, the firm earned $0.50 EPS. THOR Industries’s quarterly revenue was down 5.9% compared to the same quarter last year. As a group, equities analysts anticipate that THOR Industries will post 5.37 EPS for the current year.

THOR Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Monday, April 8th. THOR Industries’s payout ratio is 38.10%.

Insider Activity

In other news, COO W. Todd Woelfer sold 3,333 shares of the stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $115.00, for a total transaction of $383,295.00. Following the sale, the chief operating officer now owns 98,347 shares in the company, valued at $11,309,905. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 4.70% of the company’s stock.

Institutional Investors Weigh In On THOR Industries

Institutional investors have recently made changes to their positions in the company. Mather Group LLC. purchased a new stake in shares of THOR Industries during the first quarter valued at approximately $30,000. Harbour Investments Inc. grew its holdings in shares of THOR Industries by 290.9% during the third quarter. Harbour Investments Inc. now owns 258 shares of the construction company’s stock valued at $25,000 after buying an additional 192 shares during the last quarter. Benjamin Edwards Inc. lifted its position in THOR Industries by 123.6% during the second quarter. Benjamin Edwards Inc. now owns 275 shares of the construction company’s stock valued at $28,000 after purchasing an additional 152 shares during the period. Parkside Financial Bank & Trust lifted its position in THOR Industries by 889.3% during the third quarter. Parkside Financial Bank & Trust now owns 277 shares of the construction company’s stock valued at $26,000 after purchasing an additional 249 shares during the period. Finally, Smithfield Trust Co lifted its position in THOR Industries by 127.2% during the third quarter. Smithfield Trust Co now owns 284 shares of the construction company’s stock valued at $27,000 after purchasing an additional 159 shares during the period. Hedge funds and other institutional investors own 96.71% of the company’s stock.

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.