Thor Industries, Inc. (THO) Receives $90.89 Average Price Target from Brokerages
Shares of Thor Industries, Inc. (NYSE:THO) have been given an average recommendation of “Hold” by the fourteen brokerages that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $90.89.
A number of brokerages recently weighed in on THO. ValuEngine raised shares of Thor Industries from a “strong sell” rating to a “sell” rating in a research note on Tuesday, February 19th. Zacks Investment Research downgraded shares of Thor Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, February 19th. SunTrust Banks raised their target price on shares of Thor Industries to $85.00 and gave the company a “buy” rating in a research note on Tuesday, February 12th. BMO Capital Markets downgraded shares of Thor Industries from an “outperform” rating to a “market perform” rating and set a $63.00 target price on the stock. in a research note on Monday, February 4th. Finally, Jefferies Financial Group initiated coverage on shares of Thor Industries in a research report on Thursday, March 28th. They set a “hold” rating and a $65.00 price target on the stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Nordea Investment Management AB grew its holdings in shares of Thor Industries by 36.6% in the third quarter. Nordea Investment Management AB now owns 59,687 shares of the construction company’s stock worth $4,996,000 after purchasing an additional 16,007 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Thor Industries by 1.8% in the third quarter. Legal & General Group Plc now owns 66,272 shares of the construction company’s stock worth $5,546,000 after purchasing an additional 1,181 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Thor Industries by 1.0% in the third quarter. Vanguard Group Inc. now owns 4,409,980 shares of the construction company’s stock worth $369,116,000 after purchasing an additional 45,427 shares during the last quarter. Belpointe Asset Management LLC bought a new position in shares of Thor Industries in the third quarter worth approximately $110,000. Finally, Vanguard Group Inc grew its holdings in shares of Thor Industries by 1.0% in the third quarter. Vanguard Group Inc now owns 4,409,980 shares of the construction company’s stock worth $369,116,000 after purchasing an additional 45,427 shares during the last quarter. Institutional investors and hedge funds own 87.11% of the company’s stock.
Thor Industries (NYSE:THO) last announced its earnings results on Wednesday, March 6th. The construction company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.23). The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Thor Industries had a net margin of 3.21% and a return on equity of 17.27%. The company’s revenue for the quarter was down 34.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.51 earnings per share. As a group, research analysts anticipate that Thor Industries will post 5.55 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date was Wednesday, April 3rd. Thor Industries’s payout ratio is currently 18.25%.
About Thor Industries
Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories primarily in the United States and Canada. It operates in two segments, Towable Recreational Vehicles and Motorized Recreational Vehicles. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, Basecamp, and Nest travel trade names, as well as Interstate series of Class B motorhomes; and gasoline and diesel Class A and Class C motorhomes under the Four Winds, Freedom Elite, Majestic, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, and A.C.E trade names.
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