THOR Industries (NYSE:THO) Price Target Cut to $100.00 by Analysts at Truist Financial

THOR Industries (NYSE:THO) had its price target cut by Truist Financial from $105.00 to $100.00 in a research report released on Friday, Benzinga reports. They currently have a hold rating on the construction company’s stock.

Other research analysts also recently issued research reports about the stock. TheStreet downgraded shares of THOR Industries from a b- rating to a c+ rating in a research report on Monday, March 18th. Robert W. Baird lifted their price target on shares of THOR Industries from $115.00 to $120.00 and gave the stock an outperform rating in a report on Thursday, March 7th. Finally, Citigroup upgraded THOR Industries from a neutral rating to a buy rating and increased their price objective for the company from $111.00 to $122.00 in a report on Friday, March 15th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $103.17.

THOR Industries Trading Up 0.3 %

Shares of NYSE:THO opened at $95.64 on Friday. The company has a market capitalization of $5.10 billion, a PE ratio of 18.98 and a beta of 1.80. The company has a current ratio of 1.75, a quick ratio of 0.65 and a debt-to-equity ratio of 0.35. THOR Industries has a 12-month low of $75.93 and a 12-month high of $129.31. The business’s fifty day simple moving average is $104.71 and its 200-day simple moving average is $109.52.

THOR Industries (NYSE:THO) last issued its quarterly earnings data on Wednesday, March 6th. The construction company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.54). The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.27 billion. THOR Industries had a net margin of 2.62% and a return on equity of 7.28%. THOR Industries’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.50 EPS. As a group, equities research analysts predict that THOR Industries will post 5.37 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were paid a dividend of $0.48 per share. The ex-dividend date was Monday, April 8th. This represents a $1.92 annualized dividend and a dividend yield of 2.01%. THOR Industries’s payout ratio is currently 38.10%.

Hedge Funds Weigh In On THOR Industries

Hedge funds have recently made changes to their positions in the company. Cetera Advisors LLC increased its holdings in shares of THOR Industries by 571.3% in the first quarter. Cetera Advisors LLC now owns 22,341 shares of the construction company’s stock valued at $2,622,000 after purchasing an additional 19,013 shares during the period. Cetera Investment Advisers boosted its position in THOR Industries by 83.3% in the first quarter. Cetera Investment Advisers now owns 43,113 shares of the construction company’s stock valued at $5,059,000 after buying an additional 19,595 shares during the last quarter. Burney Co. boosted its position in THOR Industries by 0.6% in the first quarter. Burney Co. now owns 34,606 shares of the construction company’s stock valued at $4,061,000 after buying an additional 210 shares during the last quarter. LRI Investments LLC acquired a new position in THOR Industries in the 1st quarter worth approximately $264,000. Finally, EMC Capital Management raised its position in THOR Industries by 22.8% during the 1st quarter. EMC Capital Management now owns 1,699 shares of the construction company’s stock worth $199,000 after buying an additional 315 shares during the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.

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.