While Thor Industries, Inc. has overperformed by 0.05%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, THO rose by 30.29%, with highs and lows ranging from $129.31 to $74.50, whereas the simple moving average fell by -0.92% in the last 200 days.
On March 15, 2024, Citigroup Upgraded Thor Industries, Inc. (NYSE: THO) to Buy. A report published by KeyBanc Capital Markets on April 19, 2023, Initiated its previous ‘Sector Weight’ rating for THO. DA Davidson also Upgraded THO shares as ‘Neutral’, setting a target price of $85 on the company’s shares in a report dated January 09, 2023. Argus October 03, 2022d its ‘Buy’ rating to ‘Hold’ for THO, as published in its report on October 03, 2022. DA Davidson’s report from May 19, 2022 suggests a price prediction of $60 for THO shares, giving the stock a ‘Underperform’ rating. MKM Partners also rated the stock as ‘Neutral’.
Analysis of Thor Industries, Inc. (THO)
A return on investment can be expected regardless of THO’s performance over the next quarter with the dividend set at $2.34 per share. Further, the quarter-over-quarter decrease in sales is -5.94%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Thor Industries, Inc.’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 7.04% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.65, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and THO is recording an average volume of 470.83K. On a monthly basis, the volatility of the stock is set at 2.67%, whereas on a weekly basis, it is put at 2.44%, with a loss of -5.13% over the past seven days. Furthermore, long-term investors anticipate a median target price of $106.33, showing growth from the present price of $105.38, which can serve as yet another indication of whether THO is worth investing in or should be passed over.
How Do You Analyze Thor Industries, Inc. Shares?
A leading company in the Recreational Vehicles sector, Thor Industries, Inc. (THO) is based in the USA. When comparing Thor Industries, Inc. shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 20.87, there is a growth in quarterly earnings of -73.27%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 4.82%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 98.16% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
THO shares are owned by institutional investors to the tune of 98.16% at present.
