THOR Industries (NYSE:THO – Free Report) had its price target trimmed by Truist Financial from $100.00 to $95.00 in a report released on Thursday morning, Benzinga reports. The firm currently has a hold rating on the construction company’s stock.
Other research analysts have also issued reports about the company. 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 research report on Friday, March 15th. Robert W. Baird decreased their price objective on THOR Industries from $120.00 to $110.00 and set an outperform rating on the stock in a research report on Thursday. Finally, TheStreet lowered THOR Industries from a b- rating to a c+ rating in a research report on Monday, March 18th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $100.67.
View Our Latest Stock Report on THO
THOR Industries Stock Up 0.9 %
NYSE THO opened at $97.52 on Thursday. The firm has a market cap of $5.20 billion, a PE ratio of 19.78 and a beta of 1.74. THOR Industries has a one year low of $84.54 and a one year high of $129.31. The stock’s 50 day simple moving average is $102.70 and its 200 day simple moving average is $109.41. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.75 and a quick ratio of 0.65.
THOR Industries (NYSE:THO – Get Free Report) last released its quarterly earnings results on Wednesday, June 5th. The construction company reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.24. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.73 billion. THOR Industries had a return on equity of 7.10% and a net margin of 2.59%. THOR Industries’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.24 EPS. As a group, sell-side analysts forecast that THOR Industries will post 4.63 earnings per share for the current fiscal year.
THOR Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, April 8th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.97%. THOR Industries’s dividend payout ratio (DPR) is presently 38.95%.
Institutional Investors Weigh In On THOR Industries
A number of institutional investors have recently made changes to their positions in the stock. LVW Advisors LLC grew its stake in shares of THOR Industries by 2.1% during the fourth quarter. LVW Advisors LLC now owns 4,430 shares of the construction company’s stock worth $524,000 after purchasing an additional 91 shares during the period. Fifth Third Bancorp lifted its holdings in THOR Industries by 13.8% during the fourth quarter. Fifth Third Bancorp now owns 766 shares of the construction company’s stock worth $91,000 after acquiring an additional 93 shares in the last quarter. State of Michigan Retirement System lifted its holdings in THOR Industries by 0.8% during the fourth quarter. State of Michigan Retirement System now owns 12,818 shares of the construction company’s stock worth $1,516,000 after acquiring an additional 100 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in THOR Industries by 2.5% during the first quarter. Gamco Investors INC. ET AL now owns 4,100 shares of the construction company’s stock worth $481,000 after acquiring an additional 100 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board lifted its holdings in THOR Industries by 0.8% during the first quarter. Ontario Teachers Pension Plan Board now owns 13,960 shares of the construction company’s stock worth $1,638,000 after acquiring an additional 108 shares in 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.
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Source: defenseworld.net
