Thor Industries, Inc. (NYSE:THO) Stock Now Rated “Hold” by Wall Street Brokerages

Thor Industries, Inc. (NYSE:THO) has earned a consensus rating of “Hold” from the thirteen research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $85.00.

A number of analysts have recently issued reports on the company. Weiss Ratings lowered Thor Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, September 28th. Robert W. Baird decreased their target price on shares of Thor Industries from $90.00 to $80.00 and set a “neutral” rating for the company in a research report on Wednesday, September 23rd. BMO Capital Markets lowered their price objective on Thor Industries from $110.00 to $95.00 and set an “outperform” rating on the stock in a report on Tuesday, September 15th. Bank of America cut their target price on shares of Thor Industries from $96.00 to $86.00 and set a “buy” rating for the company in a research report on Monday, September 21st. Finally, Truist Financial increased their target price on Thor Industries from $80.00 to $87.00 and gave the company a “hold” rating in a research note on Thursday, October 8th.

Hedge Funds Weigh In On Thor Industries

Several large investors have recently bought and sold shares of the stock. Covestor Ltd lifted its position in Thor Industries by 27.2% in the third quarter. Covestor Ltd now owns 1,371 shares of the RV manufacturer’s stock worth $95,000 after purchasing an additional 293 shares during the period. ProShare Advisors LLC boosted its stake in Thor Industries by 6.9% during the third quarter. ProShare Advisors LLC now owns 350,716 shares of the RV manufacturer’s stock worth $24,234,000 after buying an additional 22,589 shares in the last quarter. Sunesis Advisors LLC acquired a new stake in Thor Industries during the third quarter worth $258,000. Signaturefd LLC increased its holdings in Thor Industries by 37.4% in the 3rd quarter. Signaturefd LLC now owns 1,048 shares of the RV manufacturer’s stock valued at $72,000 after buying an additional 285 shares during the period. Finally, Murphy Pohlad Asset Management LLC increased its holdings in Thor Industries by 2.5% in the 3rd 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 during the period. 96.71% of the stock is currently owned by institutional investors and hedge funds.

Thor Industries Trading Up 0.4%

Shares of THO stock opened at $73.93 on Friday. The stock has a 50-day simple moving average of $71.23 and a 200 day simple moving average of $82.10. The stock has a market capitalization of $3.82 billion, a P/E ratio of 21.81, a P/E/G ratio of 1.01 and a beta of 1.43. The company has a quick ratio of 0.85, a current ratio of 1.77 and a debt-to-equity ratio of 0.20. Thor Industries has a fifty-two week low of $62.83 and a fifty-two week high of $122.83.

Thor Industries (NYSE:THO) 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). Thor Industries had a return on equity of 3.76% and a net margin of 1.85%. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the previous year, the firm earned $2.36 earnings per share. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. On average, sell-side analysts expect that Thor Industries will post 4.09 earnings per share for the current fiscal year.

Thor Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Tuesday, October 27th will be given a $0.54 dividend. This is a positive change from Thor Industries’s previous quarterly dividend of $0.52. This represents a $2.16 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, October 27th. Thor Industries’s dividend payout ratio (DPR) is currently 63.72%.

About Thor Industries

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.