Thor Industries, Inc. (NYSE:THO – Get Free Report) has been given an average rating of “Hold” by the fourteen analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $85.00.
Several equities analysts have recently commented on the company. Bank of America decreased their target price on Thor Industries from $96.00 to $86.00 and set a “buy” rating on the stock in a research report on Monday, September 21st. BMO Capital Markets dropped their target price on Thor Industries from $110.00 to $95.00 and set an “outperform” rating for the company in a report on Tuesday, September 15th. Wall Street Zen cut shares of Thor Industries from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Roth Capital reissued a “neutral” rating and issued a $74.00 target price on shares of Thor Industries in a research report on Wednesday, September 23rd. Finally, Weiss Ratings downgraded shares of Thor Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, September 28th.
Check Out Our Latest Stock Analysis on Thor Industries
Thor Industries Price Performance
NYSE:THO opened at $69.94 on Friday. The company has a market cap of $3.61 billion, a P/E ratio of 20.63, a P/E/G ratio of 0.96 and a beta of 1.43. The firm’s fifty day moving average price is $71.87 and its two-hundred day moving average price is $75.10. Thor Industries has a one year low of $62.83 and a one year high of $122.83. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.77 and a quick ratio of 0.85.
Thor Industries (NYSE:THO – Get Free Report) last announced its earnings results on Tuesday, September 22nd. The RV manufacturer reported $0.78 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.10). The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.17 billion. Thor Industries had a return on equity of 3.76% and a net margin of 1.85%. The business’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.36 EPS. Equities analysts expect that Thor Industries will post 4.09 earnings per share for the current year.
Thor Industries Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Tuesday, October 27th will be paid a $0.54 dividend. This is a positive change from Thor Industries’s previous quarterly dividend of $0.52. The ex-dividend date is Tuesday, October 27th. This represents a $2.16 annualized dividend and a yield of 3.1%. Thor Industries’s dividend payout ratio is presently 61.36%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Murphy Pohlad Asset Management LLC raised its position in shares of Thor Industries by 2.5% in the third quarter. Murphy Pohlad Asset Management LLC now owns 7,127 shares of the RV manufacturer’s stock valued at $492,000 after buying an additional 175 shares in the last quarter. Waverly Advisors LLC grew its position in Thor Industries by 4.4% during the second quarter. Waverly Advisors LLC now owns 6,431 shares of the RV manufacturer’s stock worth $483,000 after buying an additional 271 shares in the last quarter. Signaturefd LLC grew its position in Thor Industries by 37.4% during the third quarter. Signaturefd LLC now owns 1,048 shares of the RV manufacturer’s stock worth $72,000 after buying an additional 285 shares in the last quarter. State of Michigan Retirement System increased its stake in Thor Industries by 2.4% during the 1st quarter. State of Michigan Retirement System now owns 12,718 shares of the RV manufacturer’s stock worth $1,016,000 after acquiring an additional 300 shares during the period. Finally, Allworth Financial LP bought a new position in Thor Industries during the 2nd quarter worth $26,000. Institutional investors and hedge funds own 96.71% of the company’s stock.
Thor Industries Company Profile
Thor Industries, Inc is a manufacturer of recreational vehicles (RVs) and related products. The company produces towable RVs, including travel trailers and fifth-wheel trailers, as well as motorized RVs such as Class A, Class B and Class C motorhomes. Its products are marketed to consumers seeking options for travel, camping and outdoor recreation.
Thor’s portfolio includes a broad range of brands, including Airstream, Jayco, Keystone RV, Entegra Coach, Tiffin and Dutchmen in North America.
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