THOR Industries’ (THO) Hold Rating Reiterated at Benchmark

Benchmark reaffirmed their hold rating on shares of THOR Industries (NYSE:THO) in a research note released on Tuesday,Benzinga reports.

THO has been the topic of several other reports. Truist Financial lifted their target price on THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Citigroup lifted their target price on THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. BMO Capital Markets reiterated an “outperform” rating and issued a $120.00 target price on shares of THOR Industries in a research note on Thursday, September 19th. Finally, DA Davidson restated a “neutral” rating and issued a $95.00 price target on shares of THOR Industries in a research note on Monday, September 30th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $110.80.

THOR Industries Trading Down 0.9 %

NYSE:THO opened at $104.06 on Tuesday. The stock’s 50 day moving average price is $109.25 and its 200 day moving average price is $102.66. The company has a market capitalization of $5.53 billion, a PE ratio of 21.30 and a beta of 1.67. The company has a quick ratio of 0.82, a current ratio of 1.69 and a debt-to-equity ratio of 0.27. THOR Industries has a 52-week low of $88.37 and a 52-week high of $129.31.

THOR Industries (NYSE:THO) last announced its earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.33. THOR Industries had a return on equity of 7.02% and a net margin of 2.64%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same period last year, the business posted $1.68 EPS. The company’s revenue was down 7.4% on a year-over-year basis. On average, research analysts anticipate that THOR Industries will post 4.85 EPS for the current year.

THOR Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a $0.50 dividend. The ex-dividend date was Friday, November 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.92%. This is an increase from THOR Industries’s previous quarterly dividend of $0.48. THOR Industries’s payout ratio is currently 40.57%.

Insider Activity

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $115.00, for a total transaction of $500,710.00. Following the completion of the sale, the vice president now owns 131,905 shares of the company’s stock, valued at approximately $15,169,075. The trade was a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On THOR Industries

A number of institutional investors have recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC grew its position in THOR Industries by 0.4% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,356,769 shares of the construction company’s stock valued at $500,590,000 after acquiring an additional 21,841 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of THOR Industries by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock worth $271,097,000 after buying an additional 187,019 shares during the period. State Street Corp boosted its position in shares of THOR Industries by 2.1% in the third quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock worth $178,462,000 after buying an additional 33,619 shares during the period. ACR Alpine Capital Research LLC boosted its position in shares of THOR Industries by 4.3% in the second quarter. ACR Alpine Capital Research LLC now owns 1,524,303 shares of the construction company’s stock worth $142,446,000 after buying an additional 62,716 shares during the period. Finally, Pacer Advisors Inc. boosted its position in shares of THOR Industries by 2.8% in the third quarter. Pacer Advisors Inc. now owns 1,171,779 shares of the construction company’s stock worth $128,767,000 after buying an additional 31,416 shares during the period. Hedge funds and other institutional investors own 96.71% of the company’s stock.

About THOR Industries

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.