THOR Industries, Inc. (NYSE:THO) Receives Consensus Rating of "Hold" from Analysts

THOR Industries, Inc. (NYSE:THO - Get Free Report) has received an average rating of "Hold" from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $87.57.

Several equities research analysts have recently issued reports on the company. Robert W. Baird cut THOR Industries from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from $100.00 to $85.00 in a report on Friday, April 4th. Baird R W cut THOR Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. StockNews.com upgraded shares of THOR Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 27th. Bank of America upgraded shares of THOR Industries from a "neutral" rating to a "buy" rating and boosted their target price for the company from $110.00 to $125.00 in a report on Monday, March 3rd. Finally, KeyCorp cut their price target on shares of THOR Industries from $65.00 to $60.00 and set an "underweight" rating on the stock in a research note on Thursday, April 17th.

Institutional Investors Weigh In On THOR Industries

Large investors have recently modified their holdings of the stock. Atala Financial Inc purchased a new position in THOR Industries in the 4th quarter worth approximately $27,000. First Horizon Advisors Inc. lifted its position in shares of THOR Industries by 57.3% during the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company's stock worth $32,000 after purchasing an additional 121 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of THOR Industries by 135.6% in the first quarter. UMB Bank n.a. now owns 483 shares of the construction company's stock valued at $37,000 after purchasing an additional 278 shares during the period. Brown Brothers Harriman & Co. grew its holdings in THOR Industries by 369.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company's stock valued at $40,000 after purchasing an additional 329 shares in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in THOR Industries during the 4th quarter worth $51,000. Institutional investors and hedge funds own 96.71% of the company's stock.

THOR Industries Stock Up 4.3 %

THO opened at $71.53 on Wednesday. The firm has a market cap of $3.81 billion, a P/E ratio of 18.29, a PEG ratio of 1.16 and a beta of 1.59. The business's fifty day simple moving average is $82.10 and its 200 day simple moving average is $96.58. THOR Industries has a 52 week low of $63.16 and a 52 week high of $118.85. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26.

THOR Industries (NYSE:THO - Get Free Report) last posted its quarterly earnings data 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 net margin of 2.17% and a return on equity of 5.97%. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the firm earned $0.13 EPS. The business's quarterly revenue was down 8.6% on a year-over-year basis. As a group, equities research analysts anticipate that THOR Industries will post 4.64 EPS for the current fiscal year.

THOR Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend was Tuesday, April 8th. THOR Industries's dividend payout ratio (DPR) is presently 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.

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