Argus upgraded shares of Thor Industries (NYSE:THO) from a hold rating to a buy rating in a research note issued to investors on Friday, March 16th, Marketbeat Ratings reports. The analysts noted that the move was a valuation call.
THO has been the subject of a number of other reports. Northcoast Research reaffirmed a hold rating on shares of Thor Industries in a research note on Tuesday, February 27th. Stifel Nicolaus reaffirmed a hold rating and issued a $142.00 target price (up from $132.00) on shares of Thor Industries in a research note on Thursday, March 8th. ValuEngine raised shares of Thor Industries from a hold rating to a buy rating in a research note on Sunday, December 31st. Zacks Investment Research cut shares of Thor Industries from a buy rating to a hold rating in a research report on Tuesday, February 6th. Finally, BMO Capital Markets boosted their price target on shares of Thor Industries to $150.00 and gave the stock a market perform rating in a research report on Tuesday, November 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $129.90.
Shares of Thor Industries stock traded down $2.23 on Friday, hitting $112.97. 924,511 shares of the company’s stock traded hands, compared to its average volume of 955,085. Thor Industries has a one year low of $87.96 and a one year high of $161.48. The stock has a market capitalization of $5,952.95, a price-to-earnings ratio of 15.93 and a beta of 1.36. 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 quarterly earnings results on Wednesday, March 7th. The construction company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.11. Thor Industries had a net margin of 5.38% and a return on equity of 28.42%. The company had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the previous year, the business earned $1.23 EPS. The firm’s revenue was up 24.1% on a year-over-year basis. research analysts forecast that Thor Industries will post 9.37 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Friday, March 30th will be issued a $0.37 dividend. The ex-dividend date of this dividend 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%.
A number of institutional investors have recently added to or reduced their stakes in THO. Capital Growth Management LP raised its holdings in Thor Industries by 405.6% in the 4th quarter. Capital Growth Management LP now owns 455,000 shares of the construction company’s stock valued at $68,578,000 after acquiring an additional 365,000 shares during the period. Acadian Asset Management LLC raised its holdings in Thor Industries by 3,456.0% in the 4th quarter. Acadian Asset Management LLC now owns 324,771 shares of the construction company’s stock valued at $48,949,000 after acquiring an additional 315,638 shares during the period. TIAA CREF Investment Management LLC grew its position in shares of Thor Industries by 64.1% during the 4th quarter. TIAA CREF Investment Management LLC now owns 662,552 shares of the construction company’s stock worth $99,860,000 after purchasing an additional 258,705 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Thor Industries by 54.1% during the 4th quarter. Renaissance Technologies LLC now owns 618,300 shares of the construction company’s stock worth $93,190,000 after purchasing an additional 217,018 shares in the last quarter. Finally, Wedge Capital Management L L P NC acquired a new position in shares of Thor Industries during the 4th quarter worth approximately $29,153,000. 86.01% of the stock is currently owned by hedge funds and other institutional investors.
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Thor Industries Company Profile
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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