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

Shares of THOR Industries, Inc. (NYSE:THO - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $110.80.

Several research analysts have recently weighed in on THO shares. BMO Capital Markets reiterated an "outperform" rating and set a $120.00 price target on shares of THOR Industries in a research note on Thursday, September 19th. Benchmark reiterated a "hold" rating on shares of THOR Industries in a research report on Tuesday, October 1st. Truist Financial lifted their target price on shares of THOR Industries from $95.00 to $105.00 and gave the stock a "hold" rating in a research note on Friday, September 20th. DA Davidson restated a "neutral" rating and set a $95.00 price target on shares of THOR Industries in a research note on Monday, September 30th. Finally, Citigroup lifted their price objective on shares of THOR Industries from $119.00 to $124.00 and gave the company a "buy" rating in a research note on Thursday, September 26th.

THOR Industries Stock Performance

THO stock traded down $2.37 during mid-day trading on Wednesday, hitting $106.68. The company had a trading volume of 379,892 shares, compared to its average volume of 501,270. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.82 and a current ratio of 1.69. The firm has a market cap of $5.65 billion, a PE ratio of 21.64 and a beta of 1.67. THOR Industries has a 12 month low of $85.38 and a 12 month high of $129.31. The stock's fifty day moving average price is $106.66 and its two-hundred day moving average price is $101.24.

THOR Industries (NYSE:THO - Get Free Report) last posted its quarterly earnings results on Tuesday, September 24th. The construction company reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.35 by $0.33. THOR Industries had a net margin of 2.64% and a return on equity of 7.02%. The company had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.47 billion. During the same quarter in the previous year, the firm posted $1.68 EPS. THOR Industries's revenue was down 7.4% on a year-over-year basis. On average, analysts forecast that THOR Industries will post 4.85 earnings per share for the current fiscal year.

THOR Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Friday, November 1st. This is a positive change from THOR Industries's previous quarterly dividend of $0.48. THOR Industries's dividend payout ratio is 38.95%.

Insiders Place Their Bets

In other news, VP Colleen A. Zuhl sold 4,354 shares of the company's stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total value of $500,710.00. Following the transaction, the vice president now owns 131,905 shares of the company's stock, valued at approximately $15,169,075. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.70% of the company's stock.

Institutional Trading of THOR Industries

Large investors have recently modified their holdings of the business. Pacer Advisors Inc. grew its position in THOR Industries by 35.1% in the second quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company's stock worth $106,567,000 after acquiring an additional 296,583 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of THOR Industries by 6.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company's stock worth $271,097,000 after purchasing an additional 187,019 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of THOR Industries in the 3rd quarter worth about $13,229,000. American Century Companies Inc. increased its position in shares of THOR Industries by 12.2% during the 2nd quarter. American Century Companies Inc. now owns 723,910 shares of the construction company's stock valued at $67,649,000 after purchasing an additional 78,832 shares during the last quarter. Finally, ACR Alpine Capital Research LLC raised its holdings in shares of THOR Industries by 4.3% during the 2nd quarter. ACR Alpine Capital Research LLC now owns 1,524,303 shares of the construction company's stock valued at $142,446,000 after buying an additional 62,716 shares in the last quarter. Institutional investors 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.