Benchmark Reiterates Hold Rating for THOR Industries (NYSE:THO)

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

Several other research firms have also recently commented on THO. Citigroup boosted their price target on THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. DA Davidson reiterated a “neutral” rating and issued a $95.00 price target on shares of THOR Industries in a research note on Monday, September 30th. Truist Financial boosted their price target on THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. Finally, BMO Capital Markets restated an “outperform” rating and set a $120.00 price objective on shares of THOR Industries in a research note on Thursday, September 19th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, THOR Industries has a consensus rating of “Moderate Buy” and a consensus target price of $110.80.

THOR Industries Price Performance

Shares of NYSE THO opened at $104.06 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 0.82. THOR Industries has a 1-year low of $88.37 and a 1-year high of $129.31. The business has a 50-day moving average of $109.25 and a 200-day moving average of $102.66. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 21.30 and a beta of 1.67.

THOR Industries (NYSE:THO) last released its quarterly earnings results on Tuesday, September 24th. The construction company reported $1.68 EPS for the quarter, topping 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 business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter in the previous year, the firm posted $1.68 earnings per share. The company’s revenue was down 7.4% compared to the same quarter last year. On average, equities analysts anticipate that THOR Industries will post 4.85 EPS for the current fiscal year.

THOR Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.00 annualized dividend and a yield of 1.92%. This is a boost from THOR Industries’s previous quarterly dividend of $0.48. THOR Industries’s dividend payout ratio is presently 40.57%.

Insider Buying and Selling

In related news, VP Colleen A. Zuhl sold 4,354 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $115.00, for a total value of $500,710.00. Following the sale, the vice president now owns 131,905 shares of the company’s stock, valued at approximately $15,169,075. This trade represents a 3.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.50% of the company’s stock.

Institutional Trading of THOR Industries

Hedge funds have recently made changes to their positions in the stock. Pacer Advisors Inc. increased its position in THOR Industries by 35.1% in the 2nd quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company’s stock valued at $106,567,000 after acquiring an additional 296,583 shares during the period. Dimensional Fund Advisors LP increased its position in THOR Industries by 6.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock valued at $271,097,000 after acquiring an additional 187,019 shares during the period. Natixis Advisors LLC increased its position in THOR Industries by 51.3% in the 3rd quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock valued at $55,486,000 after acquiring an additional 171,244 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in THOR Industries by 46.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 501,479 shares of the construction company’s stock valued at $55,108,000 after acquiring an additional 159,022 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in THOR Industries in the 3rd quarter valued at approximately $13,229,000. 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.