Shares of Thor Industries, Inc. (NYSE:THO) have been given an average rating of “Hold” by the fourteen research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $127.86.
THO has been the subject of several analyst reports. Northcoast Research downgraded Thor Industries from a “buy” rating to a “neutral” rating and set a $150.00 target price for the company. in a report on Friday, January 26th. Stifel Nicolaus reaffirmed a “hold” rating and set a $142.00 target price (up from $132.00) on shares of Thor Industries in a report on Thursday, March 8th. BMO Capital Markets upped their price target on Thor Industries to $150.00 and gave the company a “market perform” rating in a research report on Tuesday, November 28th. ValuEngine raised Thor Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Zacks Investment Research lowered Thor Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, February 6th.
Shares of Thor Industries (THO) traded down $2.16 during midday trading on Friday, hitting $120.69. The stock had a trading volume of 312,352 shares, compared to its average volume of 939,383. Thor Industries has a twelve month low of $87.96 and a twelve month high of $161.48. The stock has a market capitalization of $6,528.83, a P/E ratio of 14.78 and a beta of 1.26. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.91 and a current ratio of 1.63.
Thor Industries (NYSE:THO) last announced its earnings results on Wednesday, March 7th. The construction company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.81 by $0.11. Thor Industries had a return on equity of 28.42% and a net margin of 5.38%. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the prior year, the business posted $1.23 earnings per share. Thor Industries’s revenue was up 24.1% compared to the same quarter last year. research analysts anticipate that Thor Industries will post 9.37 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, March 30th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.23%. Thor Industries’s payout ratio is currently 17.81%.
Hedge funds have recently modified their holdings of the business. Jaffetilchin Investment Partners LLC boosted its stake in shares of Thor Industries by 45.1% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 12,905 shares of the construction company’s stock worth $1,945,000 after acquiring an additional 4,012 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Thor Industries by 114.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 160,300 shares of the construction company’s stock worth $20,183,000 after acquiring an additional 85,463 shares in the last quarter. Janney Capital Management LLC bought a new stake in shares of Thor Industries during the 3rd quarter worth about $566,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Thor Industries during the 3rd quarter worth about $5,443,000. Finally, Caxton Associates LP bought a new stake in shares of Thor Industries during the 3rd quarter worth about $441,000. 85.32% of the stock is currently owned by institutional investors.
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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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