By otakuyassine3@gmail.com 
Shares of THOR Industries, Inc. (NYSE:THO – Get Free Report) have received a consensus rating of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $104.00.
A number of brokerages have issued reports on THO. Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. BMO Capital Markets lowered their price target on THOR Industries from $120.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday. StockNews.com upgraded THOR Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Bank of America upgraded THOR Industries from a “neutral” rating to a “buy” rating and boosted their price target for the company from $110.00 to $125.00 in a report on Monday, March 3rd. Finally, Truist Financial lowered their price target on THOR Industries from $110.00 to $90.00 and set a “hold” rating for the company in a report on Thursday.
Get Our Latest Stock Report on THOR Industries
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the stock. Castlekeep Investment Advisors LLC bought a new position in THOR Industries during the 4th quarter worth $440,000. Neo Ivy Capital Management grew its stake in THOR Industries by 11.7% during the 4th quarter. Neo Ivy Capital Management now owns 2,451 shares of the construction company’s stock worth $234,000 after buying an additional 257 shares during the last quarter. Waverly Advisors LLC grew its stake in shares of THOR Industries by 57.6% in the fourth quarter. Waverly Advisors LLC now owns 5,535 shares of the construction company’s stock worth $530,000 after purchasing an additional 2,023 shares in the last quarter. Vident Advisory LLC grew its stake in shares of THOR Industries by 10.5% in the fourth quarter. Vident Advisory LLC now owns 9,431 shares of the construction company’s stock worth $903,000 after purchasing an additional 897 shares in the last quarter. Finally, Southpoint Capital Advisors LP grew its stake in shares of THOR Industries by 73.2% in the fourth quarter. Southpoint Capital Advisors LP now owns 606,149 shares of the construction company’s stock worth $58,015,000 after purchasing an additional 256,149 shares in the last quarter. 96.71% of the stock is currently owned by institutional investors.
THOR Industries Stock Performance
Shares of THO opened at $85.80 on Tuesday. The business’s 50 day moving average is $99.12 and its two-hundred day moving average is $103.82. THOR Industries has a 52-week low of $78.88 and a 52-week high of $118.85. The firm has a market cap of $4.57 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 1.16 and a beta of 1.74. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26.
THOR Industries (NYSE:THO – Get Free Report) last announced its earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the company earned $0.13 earnings per share. The business’s revenue for the quarter was down 8.6% on a year-over-year basis. Analysts forecast that THOR Industries will post 4.64 EPS for the current fiscal year.
THOR Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, January 6th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.00 dividend on an annualized basis and a yield of 2.33%. THOR Industries’s payout ratio is currently 53.05%.
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.
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