THOR Industries, Inc. (NYSE:THO) Receives $110.80 Consensus Price Target from Analysts

THOR Industries, Inc. (NYSE:THO - Get Free Report) has earned an average recommendation of "Moderate Buy" from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $110.80.

A number of research analysts have weighed in on the company. DA Davidson restated a "neutral" rating and issued a $95.00 price objective 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. Citigroup upped 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. Truist Financial raised 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. Finally, Benchmark restated a "hold" rating on shares of THOR Industries in a research report on Tuesday, October 1st.

Insider Activity at THOR Industries

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of the company's stock in a transaction dated 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 $15,169,075. This represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 4.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On THOR Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cetera Advisors LLC raised its position in THOR Industries by 571.3% in the first quarter. Cetera Advisors LLC now owns 22,341 shares of the construction company's stock valued at $2,622,000 after purchasing an additional 19,013 shares during the period. Dimensional Fund Advisors LP grew its position in 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 valued at $271,097,000 after acquiring an additional 187,019 shares in the last quarter. &PARTNERS purchased a new stake in THOR Industries during the second quarter worth about $623,000. Natixis Advisors LLC lifted its position in shares of THOR Industries by 51.3% during the third quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company's stock worth $55,486,000 after purchasing an additional 171,244 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of THOR Industries by 12.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 387,189 shares of the construction company's stock valued at $36,183,000 after purchasing an additional 43,326 shares during the period. 96.71% of the stock is owned by hedge funds and other institutional investors.

THOR Industries Stock Performance

Shares of NYSE THO traded up $1.65 during midday trading on Friday, reaching $112.18. 352,101 shares of the stock were exchanged, compared to its average volume of 520,446. The company has a quick ratio of 0.82, a current ratio of 1.69 and a debt-to-equity ratio of 0.27. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 22.75 and a beta of 1.67. The firm has a 50-day simple moving average of $108.34 and a two-hundred day simple moving average of $102.25. THOR Industries has a twelve month low of $88.37 and a twelve month high of $129.31.

THOR Industries (NYSE:THO - Get Free Report) last issued its quarterly earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share for the quarter, beating 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 firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same period last year, the company posted $1.68 EPS. THOR Industries's quarterly revenue was down 7.4% compared to the same quarter last year. As a group, analysts anticipate that THOR Industries will post 4.85 EPS for the current fiscal year.

THOR Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.50 per share. The ex-dividend date was Friday, November 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.78%. This is an increase from THOR Industries's previous quarterly dividend of $0.48. THOR Industries's dividend payout ratio (DPR) is currently 40.57%.

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.