THOR Industries (NYSE:THO) Price Target Lowered to $60.00 at KeyCorp

THOR Industries (NYSE:THO - Free Report) had its target price cut by KeyCorp from $65.00 to $60.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have an underweight rating on the construction company's stock.

Other research analysts have also issued reports about the company. BMO Capital Markets cut their price objective on THOR Industries from $120.00 to $105.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Citigroup downgraded shares of THOR Industries from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $94.00 to $86.00 in a report on Wednesday, March 19th. StockNews.com raised shares of THOR Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 27th. Baird R W cut THOR Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Truist Financial dropped their target price on THOR Industries from $90.00 to $72.00 and set a "hold" rating on the stock in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $87.57.

THOR Industries Stock Up 2.3 %

NYSE THO traded up $1.57 during trading on Thursday, hitting $70.18. The company's stock had a trading volume of 329,254 shares, compared to its average volume of 625,502. THOR Industries has a fifty-two week low of $63.16 and a fifty-two week high of $118.85. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. The company has a market cap of $3.73 billion, a PE ratio of 17.94, a P/E/G ratio of 1.16 and a beta of 1.59. The business's 50 day simple moving average is $82.72 and its 200-day simple moving average is $96.76.

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

THOR Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Tuesday, April 8th. THOR Industries's dividend payout ratio is presently 53.05%.

Institutional Trading of THOR Industries

A number of institutional investors have recently made changes to their positions in the company. Atala Financial Inc acquired a new stake in THOR Industries during the 4th quarter worth $27,000. First Horizon Advisors Inc. raised its holdings in THOR Industries by 57.3% in the 4th 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 during the last quarter. UMB Bank n.a. boosted its holdings in shares of THOR Industries by 135.6% during the 1st quarter. UMB Bank n.a. now owns 483 shares of the construction company's stock worth $37,000 after purchasing an additional 278 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in 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 buying an additional 329 shares in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in THOR Industries in the 4th quarter valued at $51,000. 96.71% of the stock is owned by institutional investors and hedge funds.

About THOR Industries

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.