Analysts Set THOR Industries, Inc. (NYSE:THO) Target Price at $93.00

Shares of THOR Industries, Inc. (NYSE:THO - Get Free Report) have earned an average rating of "Hold" from the eight analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $93.00.

A number of equities research analysts have commented on the stock. BMO Capital Markets cut their target price on shares of THOR Industries from $120.00 to $105.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Truist Financial dropped their price target on THOR Industries from $110.00 to $90.00 and set a "hold" rating on the stock in a research note on Thursday, March 6th. Robert W. Baird reduced their price objective on THOR Industries from $110.00 to $100.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. KeyCorp reissued an "underweight" rating and issued a $65.00 target price on shares of THOR Industries in a research report on Thursday, March 20th. Finally, Bank of America raised shares of THOR Industries from a "neutral" rating to a "buy" rating and upped their price target for the company from $110.00 to $125.00 in a research report on Monday, March 3rd.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of THO. Atala Financial Inc purchased a new position in shares of THOR Industries in the fourth quarter valued at about $27,000. First Horizon Advisors Inc. grew its stake in THOR Industries by 57.3% during 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 bought a new stake in THOR Industries in the 3rd quarter valued at $38,000. Brown Brothers Harriman & Co. lifted its stake in THOR Industries by 369.7% in the 4th 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. Finally, Stonebridge Financial Group LLC purchased a new stake in THOR Industries in the 4th quarter worth $51,000. Institutional investors own 96.71% of the company's stock.

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THOR Industries Stock Up 2.0 %

Shares of THO stock traded up $1.56 during mid-day trading on Friday, hitting $78.18. The company's stock had a trading volume of 115,574 shares, compared to its average volume of 792,293. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. THOR Industries has a 52-week low of $74.95 and a 52-week high of $118.85. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 1.16 and a beta of 1.74. The business has a 50-day moving average price of $93.05 and a 200 day moving average price of $100.89.

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 for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.98 billion. During the same period last year, the firm posted $0.13 EPS. THOR Industries's quarterly revenue was down 8.6% compared to the same quarter last year. Research analysts predict that THOR Industries will post 4.64 EPS for the current fiscal year.

THOR Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Tuesday, April 8th. THOR Industries's payout ratio is 53.05%.

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.