THOR Industries, Inc. (NYSE:THO) Receives Average Rating of "Moderate Buy" from Brokerages

THOR Industries, Inc. (NYSE:THO - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the five research firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $102.00.

THO has been the topic of several recent research reports. Robert W. Baird dropped their target price on THOR Industries from $120.00 to $110.00 and set an "outperform" rating on the stock in a research report on Thursday, June 6th. TheStreet downgraded THOR Industries from a "b-" rating to a "c+" rating in a research report on Monday, March 18th. Truist Financial lowered their price objective on THOR Industries from $100.00 to $95.00 and set a "hold" rating on the stock in a research report on Thursday, June 6th. Finally, Citigroup lowered their price objective on THOR Industries from $120.00 to $113.00 and set a "buy" rating on the stock in a research report on Friday, June 7th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its stake in THOR Industries by 889.3% in the third quarter. Parkside Financial Bank & Trust now owns 277 shares of the construction company's stock valued at $26,000 after acquiring an additional 249 shares during the last quarter. Mather Group LLC. bought a new position in THOR Industries in the first quarter valued at $30,000. Parallel Advisors LLC increased its stake in THOR Industries by 70.8% in the fourth quarter. Parallel Advisors LLC now owns 292 shares of the construction company's stock valued at $35,000 after acquiring an additional 121 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in THOR Industries by 3,063.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 348 shares of the construction company's stock valued at $41,000 after acquiring an additional 337 shares during the last quarter. Finally, GAMMA Investing LLC bought a new position in THOR Industries in the fourth quarter valued at $47,000. Institutional investors own 96.71% of the company's stock.

THOR Industries Stock Performance

THOR Industries stock traded up $1.43 during trading on Thursday, hitting $91.85. The stock had a trading volume of 464,948 shares, compared to its average volume of 482,036. THOR Industries has a 1 year low of $84.54 and a 1 year high of $129.31. The company has a quick ratio of 0.74, a current ratio of 1.65 and a debt-to-equity ratio of 0.30. The stock's 50 day moving average is $97.77 and its two-hundred day moving average is $108.33. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 18.63 and a beta of 1.74.

THOR Industries (NYSE:THO - Get Free Report) last posted its earnings results on Wednesday, June 5th. The construction company reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.24. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.73 billion. THOR Industries had a return on equity of 7.07% and a net margin of 2.59%. The business's quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.24 earnings per share. As a group, analysts predict that THOR Industries will post 4.8 EPS for the current year.

THOR Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Wednesday, July 3rd will be given a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.09%. THOR Industries's dividend payout ratio (DPR) is presently 38.95%.

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.