Thor Industries, Inc. (NYSE:THO) Receives $87.63 Average Price Target from Analysts

Thor Industries, Inc. (NYSE:THO - Get Free Report) has received an average recommendation of "Hold" from the ten analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned 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 $87.63.

Several brokerages recently commented on THO. Roth Capital set a $77.00 target price on shares of Thor Industries and gave the stock a "neutral" rating in a report on Monday, June 9th. Baird R W cut shares of Thor Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Wall Street Zen upgraded shares of Thor Industries from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Robert W. Baird cut shares of Thor Industries from an "outperform" rating to a "neutral" rating and cut their price target for the company from $100.00 to $85.00 in a research note on Friday, April 4th. Finally, Truist Financial increased their price target on shares of Thor Industries from $72.00 to $78.00 and gave the company a "hold" rating in a research note on Tuesday, June 3rd.

Thor Industries Stock Up 0.9%

Shares of Thor Industries stock traded up $0.80 on Monday, hitting $91.89. The company had a trading volume of 826,863 shares, compared to its average volume of 672,350. The firm has a market capitalization of $4.89 billion, a P/E ratio of 22.04, a P/E/G ratio of 1.89 and a beta of 1.21. Thor Industries has a twelve month low of $63.16 and a twelve month high of $118.85. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.71 and a quick ratio of 0.90. The stock has a 50-day moving average of $83.42 and a 200-day moving average of $87.01.

Thor Industries (NYSE:THO - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The construction company reported $2.53 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.74. The company had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.60 billion. Thor Industries had a net margin of 2.32% and a return on equity of 6.15%. The business's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.13 earnings per share. Research analysts predict that Thor Industries will post 4.64 earnings per share for the current year.

Thor Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Tuesday, July 1st. Thor Industries's dividend payout ratio is 47.96%.

Thor Industries announced that its Board of Directors has initiated a share repurchase program on Monday, June 23rd that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 8.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

Insider Transactions at Thor Industries

In other news, Director Peter Busch Orthwein acquired 3,000 shares of Thor Industries stock in a transaction on Friday, June 20th. The shares were purchased at an average cost of $85.40 per share, for a total transaction of $256,200.00. Following the completion of the purchase, the director directly owned 136,400 shares of the company's stock, valued at approximately $11,648,560. This represents a 2.25% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Thor Industries

A number of large investors have recently bought and sold shares of THO. Oppenheimer & Co. Inc. boosted its position in Thor Industries by 7.5% in the first quarter. Oppenheimer & Co. Inc. now owns 3,281 shares of the construction company's stock valued at $249,000 after buying an additional 228 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Thor Industries by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 611,890 shares of the construction company's stock worth $58,564,000 after buying an additional 10,455 shares during the period. QRG Capital Management Inc. lifted its holdings in shares of Thor Industries by 33.5% during the first quarter. QRG Capital Management Inc. now owns 20,453 shares of the construction company's stock worth $1,551,000 after purchasing an additional 5,136 shares during the period. Amundi grew its stake in shares of Thor Industries by 26.2% in the fourth quarter. Amundi now owns 4,354 shares of the construction company's stock worth $415,000 after purchasing an additional 905 shares during the last quarter. Finally, Sterling Capital Management LLC grew its stake in shares of Thor Industries by 55.4% in the fourth quarter. Sterling Capital Management LLC now owns 3,014 shares of the construction company's stock worth $288,000 after purchasing an additional 1,075 shares during the last quarter. 96.71% of the stock is currently owned by institutional investors and hedge funds.

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.