Shares of Thor Industries, Inc. (NYSE:THO) have earned an average rating of “Buy” from the fourteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $124.27.
Several analysts have recently commented on the stock. Stifel Nicolaus reaffirmed a “hold” rating on shares of Thor Industries in a report on Thursday, September 21st. Citigroup upped their price objective on shares of Thor Industries from $118.00 to $146.00 and gave the company a “buy” rating in a report on Monday, October 2nd. Aegis assumed coverage on shares of Thor Industries in a report on Monday, September 11th. They issued a “hold” rating and a $113.00 price objective on the stock. Zacks Investment Research raised shares of Thor Industries from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a report on Tuesday, September 5th. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Thor Industries in a report on Friday, September 22nd.
Thor Industries (THO) traded up $1.29 during mid-day trading on Thursday, hitting $149.96. 764,034 shares of the stock traded hands, compared to its average volume of 710,798. The stock has a market cap of $7,830.00, a P/E ratio of 18.88 and a beta of 1.45. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.50 and a quick ratio of 0.91. Thor Industries has a fifty-two week low of $87.96 and a fifty-two week high of $156.86.
Thor Industries (NYSE:THO) last released its quarterly earnings data on Monday, November 27th. The construction company reported $2.43 EPS for the quarter, beating the consensus estimate of $1.84 by $0.59. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $1.99 billion. Thor Industries had a net margin of 5.46% and a return on equity of 27.76%. The business’s revenue for the quarter was up 30.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.49 EPS. equities analysts forecast that Thor Industries will post 8.95 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 7th. Investors of record on Tuesday, October 24th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, October 23rd. This is an increase from Thor Industries’s previous quarterly dividend of $0.33. This represents a $1.48 dividend on an annualized basis and a yield of 0.99%. Thor Industries’s dividend payout ratio is 18.43%.
In related news, Chairman Peter Busch Orthwein sold 2,784 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $115.00, for a total transaction of $320,160.00. Following the sale, the chairman now directly owns 1,396,352 shares of the company’s stock, valued at $160,580,480. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alan Siegel sold 1,000 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $153.75, for a total transaction of $153,750.00. Following the transaction, the director now directly owns 4,988 shares in the company, valued at $766,905. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Huntington National Bank lifted its holdings in Thor Industries by 82.0% during the second quarter. Huntington National Bank now owns 983 shares of the construction company’s stock valued at $103,000 after purchasing an additional 443 shares in the last quarter. Penserra Capital Management LLC purchased a new position in Thor Industries during the second quarter valued at $104,000. Sterling Investment Advisors Ltd. purchased a new position in Thor Industries during the second quarter valued at $105,000. Fiduciary Trust Co. purchased a new position in Thor Industries during the second quarter valued at $133,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Thor Industries by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,735 shares of the construction company’s stock valued at $181,000 after purchasing an additional 151 shares in the last quarter. 88.63% of the stock is currently owned by institutional investors and hedge funds.
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Thor Industries Company Profile
Thor Industries, Inc manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. The Company’s segments include towable recreational vehicles, which consists of the operations of Airstream, Inc (Airstream) (towable); Heartland Recreational Vehicles, LLC (Heartland) (including Bison Coach, LLC (Bison), Cruiser RV, LLC (CRV) and DRV, LLC (DRV)); Jayco, Corp.
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