THOR Industries (NYSE:THO) Price Target Cut to $72.00 by Analysts at Truist Financial

THOR Industries (NYSE:THO - Free Report) had its target price trimmed by Truist Financial from $90.00 to $72.00 in a research note released on Monday morning, Marketbeat Ratings reports. The firm currently has a hold rating on the construction company's stock.

A number of other equities research analysts have also recently commented on the company. StockNews.com raised THOR Industries from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. Citigroup lowered shares of THOR Industries from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $94.00 to $86.00 in a research note on Wednesday, March 19th. Robert W. Baird cut shares of THOR Industries from an "outperform" rating to a "neutral" rating and cut their price target for the company from $100.00 to $85.00 in a report on Friday, April 4th. DA Davidson decreased their price objective on shares of THOR Industries from $95.00 to $80.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Finally, Bank of America raised shares of THOR Industries from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $110.00 to $125.00 in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $87.57.

THOR Industries Price Performance

THO stock traded up $1.01 during midday trading on Monday, reaching $69.06. The company had a trading volume of 693,638 shares, compared to its average volume of 623,796. The firm has a 50-day moving average price of $84.06 and a 200-day moving average price of $97.48. 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 capitalization of $3.67 billion, a P/E ratio of 17.66, a P/E/G ratio of 1.16 and a beta of 1.59. THOR Industries has a 1 year low of $63.16 and a 1 year high of $118.85.

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 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 net margin of 2.17% and a return on equity of 5.97%. The company's revenue was down 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 earnings per share. On average, research analysts anticipate that THOR Industries will post 4.64 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Tuesday, April 8th. THOR Industries's dividend payout ratio (DPR) is presently 53.05%.

Hedge Funds Weigh In On THOR Industries

Institutional investors have recently bought and sold shares of the company. Atala Financial Inc acquired a new stake in THOR Industries in the fourth quarter valued at approximately $27,000. First Horizon Advisors Inc. grew its stake 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. increased its holdings in 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 buying an additional 278 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in THOR Industries by 369.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company's stock valued at $40,000 after buying 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 about $51,000. 96.71% of the stock is owned by institutional investors and hedge funds.

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.