Truist Financial Cuts THOR Industries (NYSE:THO) Price Target to $95.00

THOR Industries (NYSE:THO) had its target price cut by Truist Financial from $100.00 to $95.00 in a research note released on Thursday morning, Benzinga reports. They currently have a hold rating on the construction company’s stock.

Several other equities analysts have also recently issued reports on the company. Citigroup raised THOR Industries from a neutral rating to a buy rating and upped their price objective for the company from $111.00 to $122.00 in a research report on Friday, March 15th. TheStreet cut THOR Industries from a b- rating to a c+ rating in a research report on Monday, March 18th. Finally, Robert W. Baird lowered their price target on THOR Industries from $120.00 to $110.00 and set an outperform rating on the stock in a report on Thursday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $102.00.

THOR Industries Stock Performance

THO stock opened at $97.33 on Thursday. The stock has a market capitalization of $5.19 billion, a PE ratio of 19.74 and a beta of 1.74. THOR Industries has a 12-month low of $84.54 and a 12-month high of $129.31. The company has a current ratio of 1.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.30. The stock’s 50 day simple moving average is $101.90 and its 200 day simple moving average is $109.29.

THOR Industries (NYSE:THO) last released its quarterly earnings data on Wednesday, June 5th. The construction company reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.24. The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.73 billion. THOR Industries had a return on equity of 7.07% and a net margin of 2.59%. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.24 EPS. As a group, research analysts forecast that THOR Industries will post 4.63 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 $0.48 dividend. The ex-dividend date was Monday, April 8th. This represents a $1.92 annualized dividend and a dividend yield of 1.97%. THOR Industries’s dividend payout ratio (DPR) is 38.95%.

Institutional Investors Weigh In On THOR Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. Choreo LLC increased its stake in shares of THOR Industries by 23.3% in the 4th quarter. Choreo LLC now owns 282,102 shares of the construction company’s stock worth $33,494,000 after purchasing an additional 53,263 shares in the last quarter. Madison Asset Management LLC increased its stake in THOR Industries by 3.0% in the 4th quarter. Madison Asset Management LLC now owns 406,413 shares of the construction company’s stock worth $48,058,000 after buying an additional 11,814 shares in the last quarter. ACR Alpine Capital Research LLC increased its stake in THOR Industries by 1.6% in the 4th quarter. ACR Alpine Capital Research LLC now owns 1,472,852 shares of the construction company’s stock worth $174,165,000 after buying an additional 22,542 shares in the last quarter. Jump Financial LLC purchased a new stake in THOR Industries in the 3rd quarter worth $489,000. Finally, Gotham Asset Management LLC increased its stake in THOR Industries by 97.4% in the 3rd quarter. Gotham Asset Management LLC now owns 60,403 shares of the construction company’s stock worth $5,746,000 after buying an additional 29,796 shares in the last quarter. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

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.