Analysts Set THOR Industries, Inc. (NYSE:THO) Target Price at $87.57

Shares of THOR Industries, Inc. (NYSE:THO - Get Free Report) have been assigned an average recommendation of "Hold" from the nine analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $87.57.

Several research analysts have recently weighed in on the stock. DA Davidson raised shares of THOR Industries to a "hold" rating in a report on Monday, April 14th. Robert W. Baird cut shares of THOR Industries from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $100.00 to $85.00 in a report on Friday, April 4th. Wall Street Zen raised shares of THOR Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 27th. BMO Capital Markets decreased their price target on shares of THOR Industries from $120.00 to $105.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Finally, Truist Financial cut their target price on shares of THOR Industries from $90.00 to $72.00 and set a "hold" rating for the company in a research report on Monday, April 14th.

THOR Industries Stock Performance

THO stock traded down $0.48 during midday trading on Friday, reaching $79.70. 867,297 shares of the company's stock traded hands, compared to its average volume of 645,941. The firm has a market capitalization of $4.24 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 1.16 and a beta of 1.26. THOR Industries has a 52 week low of $63.16 and a 52 week high of $118.85. The company has a 50-day moving average price of $75.18 and a two-hundred day moving average price of $91.78. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71.

THOR Industries (NYSE:THO - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.08). The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.98 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The company's revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 EPS. As a group, equities analysts anticipate that THOR Industries will post 4.64 EPS for the current year.

THOR Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $2.00 annualized dividend and a yield of 2.51%. THOR Industries's payout ratio is 53.05%.

Institutional Trading of THOR Industries

Institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its stake in shares of THOR Industries by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 611,890 shares of the construction company's stock valued at $58,564,000 after acquiring an additional 10,455 shares during the last quarter. Amundi raised its stake in shares of THOR Industries by 26.2% during the fourth quarter. Amundi now owns 4,354 shares of the construction company's stock valued at $415,000 after acquiring an additional 905 shares during the last quarter. Sterling Capital Management LLC raised its stake in shares of 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 acquiring an additional 1,075 shares during the last quarter. US Bancorp DE raised its stake in shares of THOR Industries by 9.6% during the fourth quarter. US Bancorp DE now owns 3,667 shares of the construction company's stock valued at $351,000 after acquiring an additional 322 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of THOR Industries by 4.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 8,741 shares of the construction company's stock valued at $837,000 after acquiring an additional 370 shares during the last quarter. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

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.