THOR Industries, Inc. (NYSE:THO) Receives Consensus Recommendation of "Hold" from Brokerages

THOR Industries, Inc. (NYSE:THO - Get Free Report) has earned a consensus recommendation of "Hold" from the ten research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $87.63.

A number of research firms recently weighed in on THO. Truist Financial lifted their price objective on shares of THOR Industries from $72.00 to $78.00 and gave the company a "hold" rating in a research report on Tuesday, June 3rd. DA Davidson raised THOR Industries to a "hold" rating in a report on Monday, April 14th. Baird R W lowered THOR Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Citigroup downgraded shares of THOR Industries from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $94.00 to $86.00 in a report on Wednesday, March 19th. Finally, Bank of America upgraded THOR Industries from a "neutral" rating to a "buy" rating and upped their target price for the company from $110.00 to $125.00 in a research note on Monday, March 3rd.

Hedge Funds Weigh In On THOR Industries

Several institutional investors have recently made changes to their positions in THO. Charles Schwab Investment Management Inc. raised its position in shares of 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 in the last quarter. Amundi grew its position in THOR Industries by 26.2% during the 4th quarter. Amundi now owns 4,354 shares of the construction company's stock worth $415,000 after purchasing an additional 905 shares in the last quarter. Sterling Capital Management LLC raised its position in THOR Industries by 55.4% during the fourth quarter. Sterling Capital Management LLC now owns 3,014 shares of the construction company's stock valued at $288,000 after buying an additional 1,075 shares during the period. US Bancorp DE lifted its position in shares of THOR Industries by 9.6% in the fourth quarter. US Bancorp DE now owns 3,667 shares of the construction company's stock worth $351,000 after purchasing an additional 322 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in THOR Industries by 4.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 8,741 shares of the construction company's stock worth $837,000 after buying an additional 370 shares in the last quarter. 96.71% of the stock is owned by institutional investors.

THOR Industries Stock Performance

Shares of THOR Industries stock traded up $0.16 on Thursday, hitting $87.99. The stock had a trading volume of 597,069 shares, compared to its average volume of 664,311. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 22.50, a P/E/G ratio of 1.16 and a beta of 1.21. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. THOR Industries has a 52-week low of $63.16 and a 52-week high of $118.85. The company's 50 day moving average price is $76.72 and its 200 day moving average price is $89.43.

THOR Industries (NYSE:THO - Get Free Report) last announced its earnings results on Wednesday, June 4th. The construction company reported $2.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.79 by $0.74. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same period last year, the firm posted $2.13 earnings per share. The company's revenue for the quarter was up 3.3% compared to the same quarter last year. On average, research analysts anticipate that THOR Industries will post 4.64 EPS for the current year.

THOR Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $2.00 dividend on an annualized basis and a yield of 2.27%. THOR Industries's dividend payout ratio (DPR) is presently 47.96%.

About THOR Industries

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.