THOR Industries (NYSE:THO) Stock Price Expected to Rise, KeyCorp Analyst Says

THOR Industries (NYSE:THO - Free Report) had its price target raised by KeyCorp from $60.00 to $65.00 in a research note published on Friday morning,Benzinga reports. KeyCorp currently has an underweight rating on the construction company's stock.

A number of other analysts have also recently weighed in on the company. Robert W. Baird cut THOR Industries from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from $100.00 to $85.00 in a research report on Friday, April 4th. BMO Capital Markets reduced their price objective on shares of THOR Industries from $120.00 to $105.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. DA Davidson raised shares of THOR Industries to a "hold" rating in a report on Monday, April 14th. Wall Street Zen raised THOR Industries from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. Finally, Truist Financial reduced their price target on shares of THOR Industries from $90.00 to $72.00 and set a "hold" rating on the stock in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $88.29.

THOR Industries Stock Performance

NYSE:THO traded down $0.42 during mid-day trading on Friday, reaching $81.28. 774,806 shares of the stock were exchanged, compared to its average volume of 649,778. The stock has a market capitalization of $4.32 billion, a P/E ratio of 20.79, a P/E/G ratio of 1.16 and a beta of 1.26. THOR Industries has a 1 year low of $63.16 and a 1 year high of $118.85. The company has a 50 day simple moving average of $75.26 and a 200-day simple moving average of $90.63. 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 released its quarterly earnings results 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 business had revenue of $2.02 billion during the quarter, compared to analysts' expectations of $1.98 billion. During the same quarter last year, the company earned $0.13 EPS. The firm's revenue for the quarter was down 8.6% compared to the same quarter last year. Analysts anticipate that THOR Industries will post 4.64 earnings per share for the current fiscal year.

THOR Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors 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 2.46%. THOR Industries's payout ratio is currently 53.05%.

Institutional Investors Weigh In On THOR Industries

A number of hedge funds and other institutional investors have recently modified their holdings of THO. Blue Trust Inc. boosted its position in shares of THOR Industries by 22.1% in the 4th quarter. Blue Trust Inc. now owns 669 shares of the construction company's stock valued at $64,000 after purchasing an additional 121 shares during the period. KBC Group NV grew its holdings in THOR Industries by 39.0% during the fourth quarter. KBC Group NV now owns 2,165 shares of the construction company's stock valued at $207,000 after purchasing an additional 607 shares during the last quarter. Perigon Wealth Management LLC lifted its position in THOR Industries by 8.4% during the 4th quarter. Perigon Wealth Management LLC now owns 3,266 shares of the construction company's stock worth $340,000 after acquiring an additional 253 shares during the last quarter. Institute for Wealth Management LLC. boosted its stake in THOR Industries by 7.1% during the 4th quarter. Institute for Wealth Management LLC. now owns 3,857 shares of the construction company's stock valued at $369,000 after purchasing an additional 255 shares during the period. Finally, Sylvest Advisors LLC acquired a new position in THOR Industries during the 4th quarter valued at $448,000. 96.71% of the stock is currently owned by institutional investors.

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.