Shares of Thor Industries (NYSE:THO) have received a consensus recommendation of “Buy” from the fourteen analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $127.86.
A number of research analysts have recently commented on the company. Aegis upgraded Thor Industries from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a report on Thursday, March 8th. They noted that the move was a valuation call. Zacks Investment Research lowered Thor Industries from a “buy” rating to a “hold” rating in a report on Tuesday, February 6th. Argus lowered Thor Industries from a “buy” rating to a “hold” rating in a report on Friday, December 8th. ValuEngine upgraded Thor Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Northcoast Research reiterated a “hold” rating on shares of Thor Industries in a report on Tuesday, February 27th.
THO opened at $112.97 on Wednesday. Thor Industries has a twelve month low of $87.96 and a twelve month high of $161.48. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.63 and a quick ratio of 0.91. The company has a market capitalization of $5,888.67, a P/E ratio of 15.93 and a beta of 1.36.
Thor Industries (NYSE:THO) last posted its earnings results on Wednesday, March 7th. The construction company reported $1.92 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same period in the previous year, the company earned $1.23 EPS. The company’s revenue for the quarter was up 24.1% on a year-over-year basis. equities analysts expect that Thor Industries will post 9.37 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be paid a $0.37 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.31%. Thor Industries’s payout ratio is 20.87%.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. raised its stake in shares of Thor Industries by 37.4% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 2,775 shares of the construction company’s stock valued at $418,000 after purchasing an additional 755 shares in the last quarter. Xact Kapitalforvaltning AB acquired a new position in shares of Thor Industries in the fourth quarter valued at $712,000. Sawtooth Solutions LLC raised its stake in shares of Thor Industries by 24.6% in the fourth quarter. Sawtooth Solutions LLC now owns 3,985 shares of the construction company’s stock valued at $601,000 after purchasing an additional 786 shares in the last quarter. William Blair Investment Management LLC raised its stake in shares of Thor Industries by 12.5% in the fourth quarter. William Blair Investment Management LLC now owns 8,432 shares of the construction company’s stock valued at $1,271,000 after purchasing an additional 937 shares in the last quarter. Finally, Westover Capital Advisors LLC raised its stake in shares of Thor Industries by 267.0% in the fourth quarter. Westover Capital Advisors LLC now owns 10,719 shares of the construction company’s stock valued at $1,616,000 after purchasing an additional 7,798 shares in the last quarter. Institutional investors and hedge funds own 86.01% of the company’s stock.
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About Thor Industries
Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles, and related parts and accessories primarily in the United States and Canada. It operates through Towable Recreational Vehicles and Motorized Recreational Vehicles segments. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, and Basecamp trade names, as well as Interstate series of Class B motorhomes; gasoline and diesel Class A and Class C motorhomes under the Four Winds, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, A.C.E., Alante, Precept, Greyhawk, and Redhawk trade names; and luxury Class A motorhomes under Insignia, Aspire, Anthem, and Cornerstone trade names.
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