Robert W. Baird Cuts THOR Industries (NYSE:THO) Price Target to $100.00

THOR Industries (NYSE:THO - Free Report) had its target price cut by Robert W. Baird from $110.00 to $100.00 in a research report released on Thursday morning, Marketbeat.com reports. They currently have an outperform rating on the construction company's stock.

Several other analysts have also commented on THO. StockNews.com raised THOR Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 27th. Bank of America raised shares of THOR Industries from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $110.00 to $125.00 in a research note on Monday, March 3rd. Benchmark reiterated a "hold" rating on shares of THOR Industries in a research note on Tuesday, December 3rd. Finally, Truist Financial raised their price target on shares of THOR Industries from $98.00 to $110.00 and gave the company a "hold" rating in a research report on Monday, February 10th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $104.00.

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THOR Industries Stock Performance

NYSE:THO traded down $3.53 during midday trading on Thursday, hitting $82.17. The company's stock had a trading volume of 1,856,843 shares, compared to its average volume of 764,538. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. THOR Industries has a fifty-two week low of $78.88 and a fifty-two week high of $118.85. The firm's 50 day moving average is $98.88 and its 200-day moving average is $103.68. The firm has a market cap of $4.37 billion, a P/E ratio of 21.02, a P/E/G ratio of 1.16 and a beta of 1.74.

THOR Industries (NYSE:THO - Get Free Report) last issued its earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.08). THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The business had revenue of $2.02 billion for the quarter, compared to analysts' expectations of $1.98 billion. During the same period last year, the business earned $0.13 EPS. The company's revenue for the quarter was down 8.6% on a year-over-year basis. Equities analysts anticipate that THOR Industries will post 4.64 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, January 6th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.43%. The ex-dividend date was Monday, January 6th. THOR Industries's payout ratio is 53.05%.

Institutional Trading of THOR Industries

A number of institutional investors and hedge funds have recently modified their holdings of THO. Atala Financial Inc purchased a new position in THOR Industries in the 4th quarter valued at about $27,000. Van ECK Associates Corp purchased a new position in shares of THOR Industries in the third quarter valued at approximately $32,000. First Horizon Advisors Inc. lifted its position in shares of THOR Industries by 57.3% in the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company's stock valued at $32,000 after acquiring an additional 121 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of THOR Industries in the third quarter worth approximately $38,000. Finally, Brown Brothers Harriman & Co. increased its position in shares of THOR Industries by 369.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company's stock worth $40,000 after purchasing an additional 329 shares in the last quarter. Hedge funds and other institutional investors own 96.71% of the company's stock.

THOR Industries Company Profile

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.