THOR Industries, Inc. (NYSE:THO) Receives Consensus Recommendation of "Moderate Buy" from Analysts

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

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

THOR Industries Stock Performance

Shares of NYSE THO traded down $0.26 during trading hours on Wednesday, reaching $108.79. The stock had a trading volume of 70,690 shares, compared to its average volume of 499,797. The company has a market cap of $5.76 billion, a price-to-earnings ratio of 22.12 and a beta of 1.67. THOR Industries has a twelve month low of $85.38 and a twelve month high of $129.31. The business's fifty day moving average is $106.60 and its two-hundred day moving average is $101.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 0.82.

THOR Industries (NYSE:THO - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $2.47 billion. During the same period last year, the firm earned $1.68 EPS. The firm's revenue for the quarter was down 7.4% compared to the same quarter last year. As a group, research analysts expect that THOR Industries will post 4.85 EPS for the current year.

THOR Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.84%. This is an increase from THOR Industries's previous quarterly dividend of $0.48. THOR Industries's payout ratio is presently 38.95%.

Insider Activity at THOR Industries

In other news, VP Colleen A. Zuhl sold 4,354 shares of THOR Industries stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total transaction of $500,710.00. Following the completion of the sale, the vice president now owns 131,905 shares in the company, valued at $15,169,075. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On THOR Industries

A number of institutional investors have recently made changes to their positions in THO. Pacer Advisors Inc. boosted its holdings in THOR Industries by 35.1% during the second quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company's stock worth $106,567,000 after buying an additional 296,583 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in THOR Industries by 6.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company's stock worth $271,097,000 after acquiring an additional 187,019 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in THOR Industries during the third quarter valued at approximately $13,229,000. American Century Companies Inc. increased its stake in THOR Industries by 12.2% in the second 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 in the last quarter. Finally, ACR Alpine Capital Research LLC raised its holdings in THOR Industries by 4.3% in the second quarter. ACR Alpine Capital Research LLC now owns 1,524,303 shares of the construction company's stock worth $142,446,000 after purchasing an additional 62,716 shares during the period. 96.71% of the stock is owned by institutional investors and hedge funds.

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.