Thor Industries - THO Stock Forecast, Price & News

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. It also provides aluminum extrusion and specialized component products to RV and other manufacturers; and digital products and services for RVs. The company provides its products through independent and non-franchise dealers. The company was founded in 1980 and is based in Elkhart, Indiana.

Analysts Set New Price Targets

THO has been the subject of a number of research reports. Robert W. Baird decreased their target price on shares of Thor Industries from $120.00 to $100.00 and set an "outperform" rating for the company in a research report on Thursday, June 9th. Truist Financial decreased their target price on shares of Thor Industries to $75.00 in a research report on Thursday, May 26th. Citigroup decreased their target price on shares of Thor Industries from $92.00 to $86.00 and set a "neutral" rating for the company in a research report on Tuesday, April 19th. StockNews.com downgraded shares of Thor Industries from a "buy" rating to a "hold" rating in a research report on Wednesday. Finally, BMO Capital Markets decreased their price objective on shares of Thor Industries from $110.00 to $95.00 in a research report on Monday, May 16th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Thor Industries has an average rating of "Hold" and an average price target of $86.11.

Thor Industries Price Performance

Shares of THO Stock traded up $1.48 on Friday, reaching $91.86. 436,417 shares of the company were exchanged, compared to its average volume of 693,928. The company has a market cap of $5.01 billion, a price-to-earnings ratio of 4.69 and a beta of 1.72. The business has a 50-day moving average price of $80.03 and a 200 day moving average price of $82.63. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.82 and a current ratio of 1.70. Thor Industries has a 1 year low of $66.26 and a 1 year high of $128.87.

Thor Industries (NYSE:THO - Get Rating) last announced its quarterly earnings data on Wednesday, June 8th. The construction company reported $6.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.97 by $1.35. Thor Industries had a net margin of 6.76% and a return on equity of 34.04%. The company had revenue of $4.66 billion during the quarter, compared to analysts' expectations of $4.18 billion. During the same quarter in the prior year, the company earned $3.29 EPS. Thor Industries's revenue was up 34.6% compared to the same quarter last year. Equities research analysts forecast that Thor Industries will post 19.16 earnings per share for the current fiscal year.

Thor Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 19th. Stockholders of record on Tuesday, July 5th were issued a $0.43 dividend. The ex-dividend date was Friday, July 1st. This represents a $1.72 annualized dividend and a dividend yield of 1.87%. Thor Industries's dividend payout ratio is currently 8.79%.

Insider Transactions at Thor Industries

In other Thor Industries news, COO W. Todd Woelfer bought 1,225 shares of Thor Industries stock in a transaction on Tuesday, July 12th. The shares were bought at an average cost of $81.55 per share, for a total transaction of $99,898.75. Following the acquisition, the chief operating officer now directly owns 70,325 shares in the company, valued at $5,735,003.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Thor Industries news, Director Peter Busch Orthwein bought 10,000 shares of Thor Industries stock in a transaction on Friday, June 10th. The shares were bought at an average cost of $75.00 per share, for a total transaction of $750,000.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at $750,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO W. Todd Woelfer acquired 1,225 shares of Thor Industries stock in a transaction dated Tuesday, July 12th. The stock was purchased at an average price of $81.55 per share, for a total transaction of $99,898.75. Following the completion of the acquisition, the chief operating officer now directly owns 70,325 shares in the company, valued at approximately $5,735,003.75. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 14,225 shares of company stock worth $1,077,899. 4.30% of the stock is currently owned by insiders.