Thor Industries, Inc. (NYSE:THO) Stock Has Average Price Target of $84.89 According to Brokerages

Shares of Thor Industries, Inc. (NYSE:THO – Get Free Report) have been given a consensus recommendation of “Hold” by the fourteen ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $84.89.

THO has been the topic of several research analyst reports. Zacks Research upgraded Thor Industries from a “strong sell” rating to a “hold” rating in a report on Monday, August 24th. Benchmark restated a “hold” rating on shares of Thor Industries in a research report on Friday, June 12th. Roth Capital reaffirmed a “neutral” rating and issued a $74.00 price target on shares of Thor Industries in a research note on Wednesday, September 23rd. Citigroup dropped their price target on Thor Industries from $79.00 to $76.00 and set a “neutral” rating for the company in a research report on Wednesday, September 16th. Finally, Wall Street Zen cut Thor Industries from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th.

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Institutional Investors Weigh In On Thor Industries

Large investors have recently modified their holdings of the business. ACR Alpine Capital Research LLC lifted its stake in Thor Industries by 18.6% in the 1st quarter. ACR Alpine Capital Research LLC now owns 4,903,124 shares of the RV manufacturer’s stock worth $391,711,000 after purchasing an additional 769,342 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Thor Industries in the second quarter valued at approximately $363,258,000. Dimensional Fund Advisors LP grew its position in shares of Thor Industries by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 3,146,574 shares of the RV manufacturer’s stock valued at $251,375,000 after purchasing an additional 96,080 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of Thor Industries by 3.2% in the fourth quarter. Capital Research Global Investors now owns 1,581,876 shares of the RV manufacturer’s stock valued at $162,411,000 after purchasing an additional 48,466 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in shares of Thor Industries by 130.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,081,238 shares of the RV manufacturer’s stock valued at $111,011,000 after purchasing an additional 611,639 shares during the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Thor Industries Stock Performance

NYSE:THO opened at $69.59 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.85 and a current ratio of 1.77. The stock has a market capitalization of $3.59 billion, a PE ratio of 20.53, a P/E/G ratio of 0.94 and a beta of 1.43. Thor Industries has a fifty-two week low of $67.31 and a fifty-two week high of $122.83. The company has a fifty day moving average of $75.35 and a two-hundred day moving average of $76.41.

Thor Industries (NYSE:THO – Get Free Report) last released its earnings results on Tuesday, September 22nd. The RV manufacturer reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.10). The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Thor Industries had a return on equity of 3.76% and a net margin of 1.85%.The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.36 EPS. As a group, research analysts forecast that Thor Industries will post 4.12 earnings per share for the current fiscal year.

Thor Industries Company Profile

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Thor Industries, Inc is a recreational vehicle (RV) manufacturer headquartered in Elkhart, Indiana. The company designs, manufactures, and sells towable and motorized RVs, including travel trailers, fifth wheels, conventional motorhomes, and touring coaches. Its products are marketed for vacation travel, camping, and other forms of recreational use.

Thor’s North American portfolio includes well-known brands such as Airstream, Jayco, Keystone, Dutchmen, and CrossRoads. Airstream produces premium travel trailers and touring coaches, while the company’s other brands serve a broad range of customers and price points across the RV market.

Thor also operates internationally through the Erwin Hymer Group, a major European recreational vehicle platform.

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Analyst Recommendations for Thor Industries (NYSE:THO)

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