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

Shares of THOR Industries, Inc. (NYSE:THO - Get Free Report) have earned a consensus recommendation of "Hold" from the nine brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $87.57.

A number of research firms recently weighed in on THO. DA Davidson upgraded shares of THOR Industries to a "hold" rating in a research report on Monday, April 14th. Truist Financial lowered their target price on THOR Industries from $90.00 to $72.00 and set a "hold" rating on the stock in a report on Monday, April 14th. BMO Capital Markets cut their price target on THOR Industries from $120.00 to $105.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Baird R W downgraded THOR Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. 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 report on Monday, March 3rd.

Institutional Trading of THOR Industries

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Madison Investment Advisors LLC purchased a new position in THOR Industries during the fourth quarter worth about $95,688,000. ACR Alpine Capital Research LLC boosted its position in shares of THOR Industries by 40.6% during the 4th quarter. ACR Alpine Capital Research LLC now owns 2,142,966 shares of the construction company's stock worth $205,103,000 after purchasing an additional 619,318 shares during the period. Norges Bank acquired a new stake in THOR Industries in the 4th quarter valued at approximately $54,754,000. Raymond James Financial Inc. acquired a new stake in THOR Industries in the 4th quarter valued at approximately $52,497,000. Finally, JPMorgan Chase & Co. raised its position in THOR Industries by 37.7% in the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company's stock valued at $165,078,000 after purchasing an additional 411,466 shares during the period. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

THOR Industries Price Performance

Shares of THOR Industries stock traded down $0.48 during mid-day trading on Wednesday, reaching $73.40. 48,862 shares of the stock traded hands, compared to its average volume of 629,409. The stock has a market capitalization of $3.91 billion, a PE ratio of 18.72, a PEG ratio of 1.16 and a beta of 1.59. The business has a 50-day moving average of $80.28 and a 200 day moving average of $95.82. THOR Industries has a fifty-two week low of $63.16 and a fifty-two week high of $118.85. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26.

THOR Industries (NYSE:THO - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.08). THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the company posted $0.13 earnings per share. The firm's revenue for the quarter was down 8.6% compared to the same quarter last year. On average, analysts predict 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. Stockholders of record on Tuesday, April 8th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date was Tuesday, April 8th. THOR Industries's dividend payout ratio is presently 53.05%.

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.