THOR Industries (NYSE:THO) Stock Price Up 4.9% – Should You Buy?

THOR Industries, Inc. (NYSE:THO)’s share price shot up 4.9% during trading on Thursday . The company traded as high as $85.35 and last traded at $85.38. 676,334 shares changed hands during trading, a decline of 1% from the average session volume of 684,861 shares. The stock had previously closed at $81.40.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Robert W. Baird lowered their target price on THOR Industries from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Thursday. Benchmark reissued a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. BMO Capital Markets reduced their target price on shares of THOR Industries from $120.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday. Truist Financial cut their price objective on shares of THOR Industries from $110.00 to $90.00 and set a “hold” rating for the company in a research report on Thursday. Finally, StockNews.com upgraded THOR Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $106.50.

THOR Industries Stock Performance

The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average price of $99.52 and a two-hundred day moving average price of $104.04. The stock has a market cap of $4.61 billion, a P/E ratio of 22.14, a price-to-earnings-growth ratio of 1.16 and a beta of 1.69.

THOR Industries (NYSE:THO) last posted its quarterly earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.08). The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.98 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.13 earnings per share. On average, sell-side analysts forecast that THOR Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, January 6th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend was Monday, January 6th. THOR Industries’s payout ratio is currently 51.15%.

Institutional Investors Weigh In On THOR Industries

Several large investors have recently made changes to their positions in THO. JPMorgan Chase & Co. raised its holdings in shares of THOR Industries by 37.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock worth $165,078,000 after acquiring an additional 411,466 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of THOR Industries by 51.3% in the 3rd quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock worth $55,486,000 after buying an additional 171,244 shares in the last quarter. State Street Corp grew its stake in shares of THOR Industries by 2.1% in the 3rd 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 in the last quarter. Radnor Capital Management LLC bought a new stake in shares of THOR Industries in the 3rd quarter worth about $631,000. Finally, Consolidated Planning Corp purchased a new stake in shares of THOR Industries during the 3rd quarter valued at about $620,000. 96.71% of the stock is owned by institutional investors.

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.