Robert W. Baird Cuts THOR Industries (NYSE:THO) Price Target to $100.00

THOR Industries (NYSE:THO) had its price objective lowered by Robert W. Baird from $110.00 to $100.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the construction company’s stock.

Several other research analysts have also commented on THO. Truist Financial raised their price target on THOR Industries from $98.00 to $110.00 and gave the stock a “hold” rating in a research report on Monday, February 10th. Bank of America raised THOR Industries from a “neutral” rating to a “buy” rating and lifted their target price for the company from $110.00 to $125.00 in a research report on Monday, March 3rd. StockNews.com upgraded shares of THOR Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Finally, Benchmark reissued a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.00.

THOR Industries Trading Down 0.7 %

NYSE THO opened at $85.80 on Thursday. 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 stock has a market capitalization of $4.57 billion, a P/E ratio of 21.94, a PEG ratio of 1.16 and a beta of 1.74. The firm’s 50-day moving average is $99.12 and its two-hundred day moving average is $103.82. THOR Industries has a 12 month low of $78.88 and a 12 month high of $118.85.

THOR Industries (NYSE:THO) last issued its quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.08). The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.98 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The business’s revenue was down 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.13 earnings per share. On average, sell-side analysts anticipate that THOR Industries will post 4.64 earnings per share for the current year.

THOR Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, January 6th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.00 annualized dividend and a yield of 2.33%. THOR Industries’s dividend payout ratio (DPR) is 53.05%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC purchased a new stake in shares of THOR Industries during the 4th quarter worth $440,000. Neo Ivy Capital Management lifted its holdings in THOR Industries by 11.7% during the 4th quarter. Neo Ivy Capital Management now owns 2,451 shares of the construction company’s stock worth $234,000 after buying an additional 257 shares during the last quarter. Waverly Advisors LLC boosted its position in shares of THOR Industries by 57.6% during the 4th quarter. Waverly Advisors LLC now owns 5,535 shares of the construction company’s stock worth $530,000 after acquiring an additional 2,023 shares in the last quarter. Vident Advisory LLC increased its holdings in shares of THOR Industries by 10.5% in the 4th quarter. Vident Advisory LLC now owns 9,431 shares of the construction company’s stock valued at $903,000 after acquiring an additional 897 shares during the last quarter. Finally, Southpoint Capital Advisors LP raised its position in shares of THOR Industries by 73.2% during the 4th quarter. Southpoint Capital Advisors LP now owns 606,149 shares of the construction company’s stock worth $58,015,000 after acquiring an additional 256,149 shares in the last quarter. 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.