THOR Industries, Inc. (NYSE:THO) Receives $112.33 Consensus PT from Analysts

THOR Industries, Inc. (NYSE:THO - Get Free Report) has received a consensus recommendation of "Hold" from the seven brokerages that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $112.33.

Several analysts recently issued reports on THO shares. DA Davidson reiterated a "neutral" rating and set a $95.00 price target on shares of THOR Industries in a research report on Monday, September 30th. Bank of America started coverage on THOR Industries in a report on Friday, December 13th. They issued a "neutral" rating and a $120.00 target price on the stock. StockNews.com lowered THOR Industries from a "hold" rating to a "sell" rating in a research note on Friday, December 6th. Truist Financial upped their price objective on THOR Industries from $95.00 to $105.00 and gave the stock a "hold" rating in a research report on Friday, September 20th. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $120.00 target price on shares of THOR Industries in a research report on Thursday, September 19th.

Insider Activity

In other news, VP Colleen A. Zuhl sold 4,354 shares of THOR Industries stock in a transaction 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 transaction, the vice president now owns 131,905 shares in the company, valued at approximately $15,169,075. The trade was a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.50% of the stock is currently owned by insiders.

Institutional Trading of THOR Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tortoise Investment Management LLC grew its position in shares of THOR Industries by 77.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company's stock valued at $27,000 after buying an additional 124 shares during the last quarter. Stratos Wealth Advisors LLC boosted its holdings in THOR Industries by 2.2% in the third quarter. Stratos Wealth Advisors LLC now owns 6,411 shares of the construction company's stock valued at $705,000 after acquiring an additional 135 shares during the last quarter. Nisa Investment Advisors LLC increased its position in THOR Industries by 0.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 15,776 shares of the construction company's stock valued at $1,734,000 after purchasing an additional 135 shares during the period. Palouse Capital Management Inc. raised its holdings in THOR Industries by 25.1% during the 2nd quarter. Palouse Capital Management Inc. now owns 793 shares of the construction company's stock worth $74,000 after purchasing an additional 159 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of THOR Industries by 34.7% in the 3rd quarter. GAMMA Investing LLC now owns 780 shares of the construction company's stock worth $86,000 after purchasing an additional 201 shares during the period. 96.71% of the stock is currently owned by institutional investors and hedge funds.

THOR Industries Price Performance

NYSE THO traded down $0.58 during midday trading on Thursday, hitting $96.26. The company had a trading volume of 670,002 shares, compared to its average volume of 510,125. The company has a market capitalization of $5.12 billion, a PE ratio of 24.62 and a beta of 1.67. THOR Industries has a twelve month low of $88.37 and a twelve month high of $129.31. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $108.14 and a 200-day moving average price of $103.12.

THOR Industries (NYSE:THO - Get Free Report) last posted its quarterly earnings results on Tuesday, September 24th. The construction company reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.35 by $0.33. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the previous year, the firm earned $1.68 earnings per share. THOR Industries's revenue for the quarter was down 7.4% compared to the same quarter last year. As a group, analysts anticipate that THOR Industries will post 4.67 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, January 6th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.08%. THOR Industries's payout ratio is 51.15%.

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.