Thor Industries, Inc. (NYSE:THO) Stock Has Consensus Target Price of $85.00 According to Brokerages

Shares of Thor Industries, Inc. (NYSE:THO) have been given an average recommendation of “Hold” by the fourteen ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $85.00.

THO has been the subject of several recent research reports. Truist Financial upped their price target on shares of Thor Industries from $80.00 to $87.00 and gave the company a “hold” rating in a research report on Thursday, October 8th. Wall Street Zen downgraded shares of Thor Industries from a “hold” rating to a “sell” rating in a research note on Saturday, September 19th. Roth Capital restated a “neutral” rating and issued a $74.00 target price on shares of Thor Industries in a report on Wednesday, September 23rd. BMO Capital Markets cut their price target on shares of Thor Industries from $110.00 to $95.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 15th. Finally, Citigroup cut their price target on shares of Thor Industries from $76.00 to $70.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 13th.

Hedge Funds Weigh In On Thor Industries

Several institutional investors have recently added to or reduced their stakes in THO. BlackRock Inc. acquired a new position in shares of Thor Industries during the 2nd quarter valued at $363,258,000. Madison Asset Management LLC acquired a new stake in Thor Industries in the second quarter worth $66,217,000. Canada Pension Plan Investment Board bought a new stake in Thor Industries in the second quarter valued at $65,419,000. ACR Alpine Capital Research LLC increased its stake in Thor Industries by 18.6% in the first quarter. ACR Alpine Capital Research LLC now owns 4,903,124 shares of the RV manufacturer’s stock valued at $391,711,000 after purchasing an additional 769,342 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Thor Industries in the second quarter valued at $28,982,000. 96.71% of the stock is owned by institutional investors and hedge funds.

Thor Industries Trading Down 1.1%

THO opened at $69.94 on Friday. The company has a market cap of $3.61 billion, a P/E ratio of 20.63, a PEG ratio of 0.96 and a beta of 1.43. The company has a current ratio of 1.77, a quick ratio of 0.85 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average is $71.87 and its 200-day moving average is $75.10. Thor Industries has a 1-year low of $62.83 and a 1-year high of $122.83.

Thor Industries (NYSE:THO) last issued its earnings results on Tuesday, September 22nd. The RV manufacturer reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.10). Thor Industries had a net margin of 1.85% and a return on equity of 3.76%. The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the business earned $2.36 EPS. The business’s quarterly revenue was down 8.4% on a year-over-year basis. Equities research analysts predict that Thor Industries will post 4.09 earnings per share for the current fiscal year.

Thor Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Tuesday, October 27th will be paid a dividend of $0.54 per share. This is an increase from Thor Industries’s previous quarterly dividend of $0.52. This represents a $2.16 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, October 27th. Thor Industries’s payout ratio is 61.36%.

Thor Industries Company Profile

Thor Industries, Inc is a manufacturer of recreational vehicles (RVs) and related products. The company produces towable RVs, including travel trailers and fifth-wheel trailers, as well as motorized RVs such as Class A, Class B and Class C motorhomes. Its products are marketed to consumers seeking options for travel, camping and outdoor recreation.

Thor’s portfolio includes a broad range of brands, including Airstream, Jayco, Keystone RV, Entegra Coach, Tiffin and Dutchmen in North America.