ValuEngine upgraded shares of Thor Industries (NYSE:THO) from a hold rating to a buy rating in a report published on Sunday, December 31st.
Several other analysts have also recently issued reports on THO. SunTrust Banks increased their target price on shares of Thor Industries and gave the stock a buy rating in a research note on Thursday, September 28th. Robert W. Baird reiterated a buy rating and issued a $120.00 target price on shares of Thor Industries in a research note on Friday, September 8th. Zacks Investment Research raised shares of Thor Industries from a hold rating to a buy rating and set a $122.00 price target on the stock in a report on Tuesday, September 5th. Northcoast Research reaffirmed a buy rating and set a $145.00 target price (up previously from $134.00) on shares of Thor Industries in a report on Monday, September 25th. Finally, Canaccord Genuity reaffirmed a buy rating on shares of Thor Industries in a report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. Thor Industries presently has an average rating of Buy and an average target price of $125.18.
Thor Industries (THO) opened at $152.48 on Friday. The company has a current ratio of 1.50, a quick ratio of 0.91 and a debt-to-equity ratio of 0.05. The firm has a market cap of $8,030.00, a PE ratio of 18.99 and a beta of 1.45. Thor Industries has a fifty-two week low of $87.96 and a fifty-two week high of $159.17.
Thor Industries (NYSE:THO) last issued its quarterly earnings data on Monday, November 27th. The construction company reported $2.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.59. The business had revenue of $2.23 billion during 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 firm’s quarterly revenue was up 30.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.49 EPS. sell-side analysts forecast that Thor Industries will post 9.1 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 9th. Shareholders of record on Tuesday, December 26th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 0.97%. The ex-dividend date was Friday, December 22nd. Thor Industries’s dividend payout ratio is currently 18.43%.
In other news, Director Alan Siegel sold 1,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $153.75, for a total value of $153,750.00. Following the transaction, the director now owns 4,988 shares of the company’s stock, valued at $766,905. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.10% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in THO. Sterling Investment Advisors Ltd. bought a new position in Thor Industries during the second quarter valued at $105,000. Fiduciary Trust Co. bought a new position in Thor Industries during the second quarter valued at $133,000. Indiana Trust & Investment Management CO bought a new position in shares of Thor Industries in the fourth quarter worth about $203,000. Sigma Planning Corp bought a new position in shares of Thor Industries in the third quarter worth about $202,000. Finally, Guardian Capital LP bought a new position in shares of Thor Industries in the third quarter worth about $204,000. 88.44% of the stock is currently owned by institutional investors.
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About Thor Industries
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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