THOR Industries (NYSE:THO) Price Target Cut to $90.00 by Analysts at Truist Financial

THOR Industries (NYSE:THO) had its price target trimmed by Truist Financial from $110.00 to $90.00 in a report issued on Thursday,Benzinga reports. The firm currently has a hold rating on the construction company’s stock.

THO has been the topic of several other research reports. BMO Capital Markets dropped their target price on THOR Industries from $120.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday. Benchmark reissued a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. Bank of America upgraded shares of THOR Industries from a “neutral” rating to a “buy” rating and increased their price target for the company from $110.00 to $125.00 in a research note on Monday. StockNews.com raised shares of THOR Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Finally, Robert W. Baird dropped their target price on shares of THOR Industries from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $106.50.

THOR Industries Stock Performance

Shares of THO opened at $86.56 on Thursday. THOR Industries has a 1 year low of $78.88 and a 1 year high of $118.85. The stock has a market capitalization of $4.61 billion, a PE ratio of 22.14, a PEG ratio of 1.16 and a beta of 1.69. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. The stock has a 50-day simple moving average of $99.52 and a 200-day simple moving average of $104.04.

THOR Industries (NYSE:THO) last announced its quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.01) EPS 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 analysts’ expectations of $1.98 billion. During the same period in the prior year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was down 8.6% on a year-over-year basis. On average, analysts predict that THOR Industries will post 4.64 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, January 6th were issued a $0.50 dividend. The ex-dividend date was Monday, January 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.31%. THOR Industries’s payout ratio is 51.15%.

Institutional Trading of THOR Industries

A number of large investors have recently bought and sold shares of THO. JPMorgan Chase & Co. increased its stake in THOR Industries by 37.7% in the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock valued at $165,078,000 after purchasing an additional 411,466 shares during the period. Natixis Advisors LLC increased its position in THOR Industries by 51.3% in the 3rd quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock valued at $55,486,000 after acquiring an additional 171,244 shares during the period. State Street Corp raised its stake in THOR Industries by 2.1% during the 3rd quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock valued at $178,462,000 after acquiring an additional 33,619 shares during the last quarter. Radnor Capital Management LLC purchased a new stake in THOR Industries during the 3rd quarter valued at approximately $631,000. Finally, Consolidated Planning Corp acquired a new stake in THOR Industries during the 3rd quarter worth approximately $620,000. Institutional investors and hedge funds own 96.71% of the company’s stock.

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.