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

Key Points

• Thor Industries, Inc. has received a consensus recommendation of "Hold" from analysts, with eight holding and two buying the stock; the average 12-month price target is $89.38.
• The company reported earnings of $2.53 EPS for the last quarter, exceeding the consensus estimate significantly and demonstrating a 3.3% increase in revenue year-over-year.
• Thor Industries has approved a $400 million share buyback, reflecting the board's belief that the stock is currently undervalued.

Shares of Thor Industries, Inc. (NYSE:THO - Get Free Report) have received a consensus recommendation of "Hold" from the ten ratings firms that are currently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $89.3750.

A number of analysts have commented on the stock. Wall Street Zen upgraded shares of Thor Industries from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Truist Financial upped their target price on shares of Thor Industries from $72.00 to $78.00 and gave the company a "hold" rating in a report on Tuesday, June 3rd. Roth Capital set a $77.00 price target on Thor Industries and gave the stock a "neutral" rating in a report on Monday, June 9th. Citigroup reissued a "neutral" rating and set a $100.00 price target (up previously from $88.00) on shares of Thor Industries in a research report on Tuesday, August 12th. Finally, KeyCorp upgraded Thor Industries from an "underweight" rating to a "sector weight" rating in a research note on Friday, August 1st.

Thor Industries Stock Down 0.6%

THO stock opened at $110.9650 on Tuesday. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 26.61, a P/E/G ratio of 2.24 and a beta of 1.21. Thor Industries has a twelve month low of $63.15 and a twelve month high of $118.85. The business has a 50 day moving average price of $94.66 and a two-hundred day moving average price of $86.57. The company has a quick ratio of 0.90, a current ratio of 1.71 and a debt-to-equity ratio of 0.24.

Thor Industries (NYSE:THO - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The construction company reported $2.53 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 during the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the prior year, the firm posted $2.13 EPS. The firm's revenue for the quarter was up 3.3% compared to the same quarter last year. Thor Industries has set its FY 2025 guidance at 3.300-4.000 EPS. Analysts anticipate that Thor Industries will post 4.64 EPS for the current fiscal year.

Thor Industries declared that its board has approved a share buyback program on Monday, June 23rd that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the construction company to purchase up to 8.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Thor Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $2.00 annualized dividend and a yield of 1.8%. Thor Industries's dividend payout ratio (DPR) is currently 47.96%.

Insider Activity at Thor Industries

In related news, Director Peter Busch Orthwein acquired 3,000 shares of the company's stock in a transaction dated Friday, June 20th. The shares were bought at an average cost of $85.40 per share, with a total value of $256,200.00. Following the completion of the transaction, the director directly owned 136,400 shares of the company's stock, valued at $11,648,560. This trade represents a 2.25% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Hantz Financial Services Inc. raised its holdings in Thor Industries by 2,463.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 282 shares of the construction company's stock valued at $25,000 after acquiring an additional 271 shares during the period. Country Trust Bank grew its position in shares of Thor Industries by 50.0% in the second quarter. Country Trust Bank now owns 300 shares of the construction company's stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Curio Wealth LLC increased its stake in shares of Thor Industries by 33,300.0% during the second quarter. Curio Wealth LLC now owns 334 shares of the construction company's stock worth $30,000 after purchasing an additional 333 shares during the period. MAI Capital Management lifted its holdings in Thor Industries by 174.8% during the 2nd quarter. MAI Capital Management now owns 371 shares of the construction company's stock worth $33,000 after purchasing an additional 236 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in Thor Industries by 135.6% in the 1st quarter. UMB Bank n.a. now owns 483 shares of the construction company's stock valued at $37,000 after purchasing an additional 278 shares during the period. Institutional investors and hedge funds own 96.71% of the company's stock.

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.

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