THOR Industries, Inc. (NYSE:THO) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of THOR Industries, Inc. (NYSE:THO) have received an average rating of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $110.80.

Several equities analysts recently commented on THO shares. Citigroup boosted their price objective on shares of THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Benchmark restated a “hold” rating on shares of THOR Industries in a research report on Tuesday, October 1st. BMO Capital Markets reiterated an “outperform” rating and issued a $120.00 price objective on shares of THOR Industries in a research report on Thursday, September 19th. DA Davidson reissued a “neutral” rating and set a $95.00 price objective on shares of THOR Industries in a research note on Monday, September 30th. Finally, Truist Financial upped their target price on THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a research note on Friday, September 20th.

Insider Transactions at THOR Industries

In other news, VP Colleen A. Zuhl sold 4,354 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total value of $500,710.00. Following the completion of the sale, the vice president now owns 131,905 shares of the company’s stock, valued at approximately $15,169,075. This represents a 3.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.50% of the company’s stock.

Institutional Trading of THOR Industries

Hedge funds have recently added to or reduced their stakes in the business. Cetera Advisors LLC lifted its stake in shares of THOR Industries by 571.3% in the 1st quarter. Cetera Advisors LLC now owns 22,341 shares of the construction company’s stock valued at $2,622,000 after acquiring an additional 19,013 shares during the last quarter. Natixis Advisors LLC lifted its position in THOR Industries by 51.3% in the third quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock valued at $55,486,000 after purchasing an additional 171,244 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of THOR Industries by 6.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock valued at $271,097,000 after purchasing an additional 187,019 shares during the period. &PARTNERS bought a new position in shares of THOR Industries in the second quarter worth approximately $623,000. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of THOR Industries by 12.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 387,189 shares of the construction company’s stock worth $36,183,000 after buying an additional 43,326 shares during the period. 96.71% of the stock is owned by institutional investors.

THOR Industries Trading Down 1.8 %

Shares of THO stock opened at $111.13 on Friday. THOR Industries has a 1 year low of $88.37 and a 1 year high of $129.31. The company’s fifty day simple moving average is $108.91 and its two-hundred day simple moving average is $102.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 0.82. The stock has a market capitalization of $5.90 billion, a price-to-earnings ratio of 22.54 and a beta of 1.67.

THOR Industries (NYSE:THO) last issued its quarterly earnings data on Tuesday, September 24th. The construction company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.33. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.47 billion. THOR Industries had a return on equity of 7.02% and a net margin of 2.64%. The firm’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.68 EPS. As a group, analysts anticipate that THOR Industries will post 4.85 earnings per share for the current year.

THOR Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.50 per share. The ex-dividend date was Friday, November 1st. This represents a $2.00 annualized dividend and a yield of 1.80%. This is a positive change from THOR Industries’s previous quarterly dividend of $0.48. THOR Industries’s payout ratio is 40.57%.

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.