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

Key Points

• Thor Industries, Inc. has received a consensus recommendation of "Hold" from analysts, with two analysts issuing buy ratings and one a sell rating.
• The company recently raised its earnings per share to $2.53, exceeding the consensus estimate by $0.74, and reported a revenue increase of 3.3% year-over-year.
• Thor Industries announced a $400 million share buyback program, indicating management's belief that the stock is undervalued.

Thor Industries, Inc. (NYSE:THO - Get Free Report) has been given a consensus rating of "Hold" by the ten research firms that are covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $87.6250.

Several equities analysts have recently commented on the stock. Truist Financial boosted their target price on shares of Thor Industries from $72.00 to $78.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Roth Capital set a $77.00 price objective on Thor Industries and gave the company a "neutral" rating in a research report on Monday, June 9th. Wall Street Zen raised Thor Industries from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. DA Davidson raised shares of Thor Industries to a "hold" rating in a report on Monday, April 14th. Finally, KeyCorp raised shares of Thor Industries from an "underweight" rating to a "sector weight" rating in a research note on Friday.

Insider Activity at Thor Industries

In other Thor Industries news, Director Peter Busch Orthwein purchased 3,000 shares of Thor Industries stock in a transaction dated 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 acquisition, the director owned 136,400 shares in the company, valued at $11,648,560. This represents a 2.25% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 4.50% of the company's stock.

Institutional Investors Weigh In On Thor Industries

Several hedge funds and other institutional investors have recently modified their holdings of THO. Vanguard Group Inc. increased its holdings in Thor Industries by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 5,376,681 shares of the construction company's stock worth $407,606,000 after purchasing an additional 326,584 shares during the period. ACR Alpine Capital Research LLC boosted its position in shares of Thor Industries by 22.5% in the 2nd quarter. ACR Alpine Capital Research LLC now owns 4,265,031 shares of the construction company's stock worth $378,777,000 after purchasing an additional 782,114 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Thor Industries by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,959,547 shares of the construction company's stock worth $224,364,000 after acquiring an additional 29,012 shares during the period. Timucuan Asset Management Inc. FL boosted its position in Thor Industries by 20.1% in the first quarter. Timucuan Asset Management Inc. FL now owns 2,448,401 shares of the construction company's stock valued at $185,613,000 after buying an additional 409,636 shares during the last quarter. Finally, Southpoint Capital Advisors LP increased its stake in shares of Thor Industries by 106.2% in the first quarter. Southpoint Capital Advisors LP now owns 1,250,000 shares of the construction company's stock worth $94,762,000 after acquiring an additional 643,851 shares during the period. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

Thor Industries Price Performance

Thor Industries stock traded up $1.79 during mid-day trading on Friday, hitting $93.10. The stock had a trading volume of 96,590 shares, compared to its average volume of 771,164. Thor Industries has a one year low of $63.15 and a one year 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. The firm has a market capitalization of $4.95 billion, a P/E ratio of 22.33, a P/E/G ratio of 1.81 and a beta of 1.21. The firm's 50 day moving average is $88.90 and its 200 day moving average is $86.51.

Thor Industries (NYSE:THO - Get Free Report) last issued its earnings results on Wednesday, June 4th. The construction company reported $2.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.74. Thor Industries had a return on equity of 6.15% and a net margin of 2.32%. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter last year, the company earned $2.13 EPS. The firm's quarterly revenue was up 3.3% on a year-over-year basis. On average, sell-side analysts forecast that Thor Industries will post 4.64 earnings per share for the current fiscal year.

Thor Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $2.00 annualized dividend and a yield of 2.1%. Thor Industries's dividend payout ratio (DPR) is presently 47.96%.

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

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.