Analysts Set Thor Industries, Inc. (THO) Target Price at $90.89

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Shares of Thor Industries, Inc. (NYSE:THO) have been assigned an average rating of “Hold” from the fourteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $90.89.

A number of research firms have weighed in on THO. Zacks Investment Research raised shares of Thor Industries from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research note on Thursday, April 25th. Jefferies Financial Group began coverage on shares of Thor Industries in a research note on Thursday, March 28th. They issued a “hold” rating and a $65.00 price objective on the stock. Bank of America started coverage on shares of Thor Industries in a research note on Tuesday, March 26th. They issued an “underperform” rating and a $62.00 price objective on the stock. ValuEngine lowered shares of Thor Industries from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 20th. Finally, SunTrust Banks raised their price target on shares of Thor Industries to $85.00 and gave the company a “buy” rating in a research report on Tuesday, February 12th.

Shares of Thor Industries stock traded down $2.23 during trading hours on Friday, reaching $55.55. The company’s stock had a trading volume of 845,322 shares, compared to its average volume of 841,609. Thor Industries has a one year low of $47.71 and a one year high of $109.94. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 6.50, a price-to-earnings-growth ratio of 0.76 and a beta of 1.70.

Thor Industries (NYSE:THO) last released its quarterly earnings data 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). Thor Industries had a net margin of 3.21% and a return on equity of 17.27%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the business posted $1.51 earnings per share. The firm’s quarterly revenue was down 34.5% on a year-over-year basis. As a group, sell-side analysts forecast that Thor Industries will post 5.55 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Investors 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 dividend yield of 2.81%. The ex-dividend date was Wednesday, April 3rd. Thor Industries’s payout ratio is currently 18.25%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in THO. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Thor Industries by 51.2% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,057,800 shares of the construction company’s stock valued at $128,345,000 after purchasing an additional 696,621 shares in the last quarter. Ardevora Asset Management LLP bought a new position in shares of Thor Industries during the fourth quarter valued at about $34,736,000. Scout Investments Inc. raised its position in Thor Industries by 1,031.2% in the first quarter. Scout Investments Inc. now owns 674,971 shares of the construction company’s stock worth $42,098,000 after acquiring an additional 615,304 shares during the period. Norges Bank bought a new stake in Thor Industries in the fourth quarter worth about $29,604,000. Finally, American Century Companies Inc. raised its position in Thor Industries by 48.5% in the fourth quarter. American Century Companies Inc. now owns 1,366,347 shares of the construction company’s stock worth $71,050,000 after acquiring an additional 446,444 shares during the period. 87.11% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Thor Industries (NYSE:THO)

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