Thor Industries, Inc. (NYSE:THO) Receives Average Rating of "Hold" from Analysts

Key Points

• Thor Industries has a consensus “Hold” rating from 14 analysts: 11 recommend holding and three recommend buying. The average 12-month price target is $92.33, above the reported share price of $76.93.
• The company’s latest quarter showed mixed results, with revenue of $2.78 billion exceeding estimates but EPS of $1.86 slightly missing expectations; revenue declined 3.9% year over year.
• Thor declared a quarterly dividend of $0.52 per share, or $2.08 annualized, representing a 2.7% yield, though its payout ratio is elevated at 90.04%.

Thor Industries, Inc. (NYSE:THO - Get Free Report) has been given a consensus rating of "Hold" by the fourteen brokerages that are covering the stock, MarketBeat reports. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $92.3333.

A number of equities analysts have recently commented on the stock. Truist Financial cut their target price on shares of Thor Industries from $109.00 to $80.00 and set a "hold" rating on the stock in a report on Wednesday, July 8th. Loop Capital raised their price objective on shares of Thor Industries from $90.00 to $96.00 and gave the stock a "buy" rating in a research report on Thursday, June 4th. DA Davidson dropped their price objective on shares of Thor Industries from $100.00 to $80.00 and set a "neutral" rating on the stock in a research note on Monday, June 15th. Argus raised shares of Thor Industries to a "hold" rating in a report on Friday, June 12th. Finally, Benchmark reaffirmed a "hold" rating on shares of Thor Industries in a report on Friday, June 12th.

Thor Industries Stock Up 1.5%

Shares of NYSE THO opened at $76.93 on Friday. The business has a 50-day moving average price of $76.91 and a 200 day moving average price of $80.13. The stock has a market cap of $4.00 billion, a PE ratio of 33.30, a price-to-earnings-growth ratio of 1.66 and a beta of 1.34. The company has a quick ratio of 0.80, a current ratio of 1.71 and a debt-to-equity ratio of 0.20. Thor Industries has a 52-week low of $69.71 and a 52-week high of $122.83.

Thor Industries (NYSE:THO - Get Free Report) last released its quarterly earnings results on Wednesday, June 3rd. The RV manufacturer reported $1.86 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.02). The firm had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.67 billion. Thor Industries had a return on equity of 5.74% and a net margin of 2.67%.The company's quarterly revenue was down 3.9% on a year-over-year basis. During the same period last year, the firm earned $2.53 EPS. Equities research analysts forecast that Thor Industries will post 3.21 earnings per share for the current year.

Thor Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.7%. The ex-dividend date was Wednesday, July 1st. Thor Industries's payout ratio is 90.04%.

Institutional Trading of Thor Industries

A number of hedge funds have recently added to or reduced their stakes in THO. Curio Wealth LLC acquired a new position in shares of Thor Industries in the fourth quarter valued at approximately $36,000. Allworth Financial LP purchased a new stake in shares of Thor Industries during the second quarter worth approximately $26,000. Danske Bank A S acquired a new stake in shares of Thor Industries during the third quarter worth $41,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Thor Industries during the fourth quarter worth $51,000. Finally, CIBC Private Wealth Group LLC grew its position in Thor Industries by 83.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 538 shares of the RV manufacturer's stock valued at $56,000 after buying an additional 244 shares during the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.

Thor Industries Company Profile

Thor Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and related components for the leisure travel market. Through its family of well-known brands—such as Airstream, Heartland, Jayco, Keystone RV and Thor Motor Coach—the company designs, manufactures and sells a broad range of motorized and towable RVs, complemented by aftermarket parts and service solutions. Thor offers products that span travel trailers, fifth wheels, toy haulers and Class A, B and C motorhomes, addressing both entry-level and premium segments.

Founded in 1980 when Wade Thompson and Peter Orthwein acquired Airstream from Beatrice Foods, Thor Industries has grown organically and through strategic acquisitions to become one of the largest RV producers in the world.

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