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Thor Industries, Inc. (NYSE:THO) Given Consensus Rating of "Hold" by Brokerages

Thor Industries logo with Construction background

Thor Industries, Inc. (NYSE:THO - Get Free Report) has been given a consensus recommendation of "Hold" by the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $87.63.

A number of equities research analysts have weighed in on THO shares. KeyCorp upped their price target on shares of Thor Industries from $60.00 to $65.00 and gave the company an "underweight" rating in a report on Friday, May 30th. Roth Capital set a $77.00 price objective on shares of Thor Industries and gave the company a "neutral" rating in a research note on Monday, June 9th. Truist Financial upped their price objective 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. Wall Street Zen raised shares of Thor Industries from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Finally, Baird R W lowered shares of Thor Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th.

Check Out Our Latest Analysis on THO

Thor Industries Price Performance

THO stock traded up $1.47 during trading on Monday, hitting $94.62. The company had a trading volume of 495,282 shares, compared to its average volume of 675,923. The firm has a market capitalization of $5.03 billion, a price-to-earnings ratio of 22.69, a P/E/G ratio of 1.92 and a beta of 1.21. The business has a 50 day moving average of $84.61 and a 200 day moving average of $87.07. Thor Industries has a fifty-two week low of $63.16 and a fifty-two week high of $118.85. The company has a current ratio of 1.71, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24.

Thor Industries (NYSE:THO - Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The construction company reported $2.53 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.74. Thor Industries had a net margin of 2.32% and a return on equity of 6.15%. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the prior year, the company posted $2.13 earnings per share. The company's quarterly revenue was up 3.3% compared to the same quarter last year. As a group, 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 announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.11%. Thor Industries's dividend payout ratio is 47.96%.

Thor Industries declared that its Board of Directors has authorized a share repurchase plan on Monday, June 23rd that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 8.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling at Thor Industries

In other Thor Industries news, Director Peter Busch Orthwein bought 3,000 shares of the company's stock in a transaction dated Friday, June 20th. The shares were bought at an average price of $85.40 per share, for a total transaction of $256,200.00. Following the acquisition, the director directly owned 136,400 shares of the company's stock, valued at approximately $11,648,560. This trade represents a 2.25% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Thor Industries

Hedge funds have recently added to or reduced their stakes in the company. Atala Financial Inc acquired a new position in Thor Industries in the fourth quarter worth approximately $27,000. UMB Bank n.a. increased its holdings in Thor Industries by 135.6% in the first quarter. UMB Bank n.a. now owns 483 shares of the construction company's stock worth $37,000 after buying an additional 278 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in Thor Industries by 369.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company's stock worth $40,000 after buying an additional 329 shares during the last quarter. Parallel Advisors LLC increased its holdings in Thor Industries by 198.3% in the second quarter. Parallel Advisors LLC now owns 516 shares of the construction company's stock worth $46,000 after buying an additional 343 shares during the last quarter. Finally, Tortoise Investment Management LLC increased its holdings in Thor Industries by 78.3% in the fourth quarter. Tortoise Investment Management LLC now owns 576 shares of the construction company's stock worth $55,000 after buying an additional 253 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company's stock.

Thor Industries Company Profile

(Get Free Report

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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