Traders Buy Thor Industries (THO) on Weakness

Investors purchased shares of Thor Industries (NYSE:THO) on weakness during trading hours on Tuesday. $32.03 million flowed into the stock on the tick-up and $21.08 million flowed out of the stock on the tick-down, for a money net flow of $10.95 million into the stock. Of all equities tracked, Thor Industries had the 33rd highest net in-flow for the day. Thor Industries traded down ($0.76) for the day and closed at $111.23

THO has been the topic of several research analyst reports. Aegis raised shares of Thor Industries from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research report on Thursday, March 8th. They noted that the move was a valuation call. ValuEngine raised shares of Thor Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Argus raised shares of Thor Industries from a “hold” rating to a “buy” rating in a research report on Friday, March 16th. They noted that the move was a valuation call. Stifel Nicolaus reissued a “hold” rating and issued a $142.00 target price (up from $132.00) on shares of Thor Industries in a research report on Thursday, March 8th. Finally, Northcoast Research reissued a “hold” rating on shares of Thor Industries in a research report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $129.90.

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The company has a current ratio of 1.63, a quick ratio of 0.91 and a debt-to-equity ratio of 0.05. The firm has a market cap of $5,901.31, a P/E ratio of 15.61 and a beta of 1.36.

Thor Industries (NYSE:THO) last posted its quarterly earnings results on Wednesday, March 7th. The construction company reported $1.92 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter last year, the firm posted $1.23 earnings per share. Thor Industries’s revenue for the quarter was up 24.1% compared to the same quarter last year. analysts forecast that Thor Industries will post 9.37 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors 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 annualized dividend and a yield of 1.34%. Thor Industries’s payout ratio is 20.87%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Jaffetilchin Investment Partners LLC raised its stake in shares of Thor Industries by 45.1% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 12,905 shares of the construction company’s stock valued at $1,945,000 after purchasing an additional 4,012 shares during the period. Caxton Associates LP purchased a new stake in shares of Thor Industries during the third quarter valued at approximately $441,000. The Manufacturers Life Insurance Company raised its stake in shares of Thor Industries by 12.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 81,470 shares of the construction company’s stock valued at $12,279,000 after purchasing an additional 9,310 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in shares of Thor Industries during the fourth quarter valued at approximately $3,772,000. Finally, New Mexico Educational Retirement Board purchased a new stake in shares of Thor Industries during the fourth quarter valued at approximately $1,824,000. Hedge funds and other institutional investors own 86.00% of the company’s stock.

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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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