THOR Industries (NYSE:THO) Price Target Lowered to $72.00 at Truist Financial

THOR Industries (NYSE:THO - Free Report) had its price target decreased by Truist Financial from $90.00 to $72.00 in a report issued on Monday, MarketBeat.com reports. Truist Financial currently has a hold rating on the construction company's stock.

Other equities analysts have also issued reports about the stock. Baird R W lowered shares of THOR Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Citigroup downgraded shares of THOR Industries from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $94.00 to $86.00 in a research report on Wednesday, March 19th. Robert W. Baird cut THOR Industries from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $100.00 to $85.00 in a research report on Friday, April 4th. Bank of America raised THOR Industries from a "neutral" rating to a "buy" rating and upped their price target for the stock from $110.00 to $125.00 in a report on Monday, March 3rd. Finally, StockNews.com raised THOR Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $87.57.

THOR Industries Stock Performance

Shares of NYSE:THO traded up $1.01 during midday trading on Monday, reaching $69.06. The company's stock had a trading volume of 693,638 shares, compared to its average volume of 624,433. The firm has a market capitalization of $3.67 billion, a PE ratio of 17.66, a P/E/G ratio of 1.16 and a beta of 1.59. The stock has a fifty day moving average of $83.38 and a 200 day moving average of $97.20. THOR Industries has a twelve month low of $63.16 and a twelve month 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 released its quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.08). THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The company had revenue of $2.02 billion for the quarter, compared to analysts' expectations of $1.98 billion. During the same quarter in the previous year, the business posted $0.13 EPS. The business's quarterly revenue was down 8.6% on a year-over-year basis. On average, equities analysts expect that THOR Industries will post 4.64 EPS for the current fiscal year.

THOR Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $2.00 dividend on an annualized basis and a yield of 2.90%. THOR Industries's payout ratio is currently 53.05%.

Institutional Trading of THOR Industries

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its stake in shares of THOR Industries by 37.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company's stock worth $165,078,000 after acquiring an additional 411,466 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in 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 worth $58,564,000 after purchasing an additional 10,455 shares during the last quarter. Amundi raised its stake in THOR Industries by 26.2% during the fourth quarter. Amundi now owns 4,354 shares of the construction company's stock worth $415,000 after purchasing an additional 905 shares during the period. Salvus Wealth Management LLC raised its stake in THOR Industries by 19.4% during the fourth quarter. Salvus Wealth Management LLC now owns 42,168 shares of the construction company's stock worth $4,036,000 after purchasing an additional 6,838 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in THOR Industries by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 911,232 shares of the construction company's stock valued at $100,161,000 after purchasing an additional 12,758 shares during the last quarter. 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.