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

THOR Industries, Inc. (NYSE:THO) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $110.80.

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

THOR Industries Trading Up 1.5 %

NYSE THO opened at $112.18 on Friday. THOR Industries has a 12 month low of $88.37 and a 12 month high of $129.31. The stock has a 50-day simple moving average of $108.34 and a 200 day simple moving average of $102.26. The company has a current ratio of 1.69, a quick ratio of 0.82 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $5.96 billion, a PE ratio of 22.75 and a beta of 1.67.

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

THOR Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $0.50 per share. The ex-dividend date was Friday, November 1st. This is an increase from THOR Industries’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.78%. THOR Industries’s dividend payout ratio (DPR) is presently 40.57%.

Insider Activity at THOR Industries

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $115.00, for a total transaction of $500,710.00. Following the completion of the transaction, the vice president now owns 131,905 shares of the company’s stock, valued at $15,169,075. This represents a 3.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. lifted its position in THOR Industries by 35.1% during the 2nd quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company’s stock worth $106,567,000 after buying an additional 296,583 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of THOR Industries by 6.9% in 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 acquiring an additional 187,019 shares during the last quarter. Natixis Advisors LLC raised its holdings in THOR Industries by 51.3% during the third quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock worth $55,486,000 after acquiring an additional 171,244 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in THOR Industries by 46.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 501,479 shares of the construction company’s stock valued at $55,108,000 after purchasing an additional 159,022 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in THOR Industries in the third quarter valued at approximately $13,229,000. 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.