SunTrust Banks restated their buy rating on shares of Thor Industries (NYSE:THO) in a research note released on Thursday. They currently have a $85.00 target price on the construction company’s stock.
Several other analysts also recently issued reports on THO. Sidoti cut their price objective on Thor Industries from $148.00 to $144.00 and set a buy rating on the stock in a report on Friday, August 10th. Zacks Investment Research upgraded Thor Industries from a sell rating to a hold rating in a report on Friday, August 17th. Northcoast Research restated a buy rating on shares of Thor Industries in a report on Friday, August 17th. ValuEngine upgraded Thor Industries from a strong sell rating to a sell rating in a report on Wednesday, September 19th. Finally, Citigroup cut their price objective on Thor Industries from $130.00 to $102.00 and set a buy rating on the stock in a report on Thursday, October 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $114.38.
Shares of Thor Industries stock opened at $61.51 on Thursday. The company has a current ratio of 1.71, a quick ratio of 1.01 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 7.19 and a beta of 1.44. Thor Industries has a 52 week low of $55.50 and a 52 week high of $161.48.
Thor Industries (NYSE:THO) last posted its quarterly earnings data on Thursday, December 6th. The construction company reported $1.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.67 by ($0.39). The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.98 billion. Thor Industries had a return on equity of 24.97% and a net margin of 5.16%. Thor Industries’s quarterly revenue was down 21.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.43 EPS. As a group, analysts predict that Thor Industries will post 7.68 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 9th. Shareholders of record on Thursday, October 25th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.54%. The ex-dividend date was Wednesday, October 24th. This is a boost from Thor Industries’s previous quarterly dividend of $0.37. Thor Industries’s payout ratio is 18.25%.
In other Thor Industries news, Director James L. Ziemer bought 5,000 shares of the stock in a transaction on Tuesday, October 9th. The shares were bought at an average price of $81.74 per share, with a total value of $408,700.00. Following the purchase, the director now directly owns 14,000 shares in the company, valued at approximately $1,144,360. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Peter Busch Orthwein sold 5,028 shares of Thor Industries stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $69.63, for a total value of $350,099.64. The disclosure for this sale can be found here. Insiders own 4.20% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Marshall Wace LLP grew its stake in Thor Industries by 389.8% during the 3rd quarter. Marshall Wace LLP now owns 1,110,281 shares of the construction company’s stock valued at $92,931,000 after acquiring an additional 883,589 shares in the last quarter. Strategic Wealth Partners Ltd. grew its stake in shares of Thor Industries by 56.7% in the 3rd quarter. Strategic Wealth Partners Ltd. now owns 8,989 shares of the construction company’s stock valued at $752,000 after buying an additional 3,253 shares in the last quarter. Carnegie Capital Asset Management LLC grew its stake in shares of Thor Industries by 115.8% in the 3rd quarter. Carnegie Capital Asset Management LLC now owns 42,543 shares of the construction company’s stock valued at $2,869,000 after buying an additional 22,830 shares in the last quarter. Belpointe Asset Management LLC bought a new stake in shares of Thor Industries in the 3rd quarter valued at approximately $110,000. Finally, Vanguard Group Inc. grew its stake in shares of Thor Industries by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 4,409,980 shares of the construction company’s stock valued at $369,116,000 after buying an additional 45,427 shares in the last quarter. 86.21% of the stock is currently owned by institutional investors.
About Thor Industries
Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories primarily in the United States and Canada. It operates in two segments, Towable Recreational Vehicles and Motorized Recreational Vehicles. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, Basecamp, and Nest travel trade names, as well as Interstate series of Class B motorhomes; and gasoline and diesel Class A and Class C motorhomes under the Four Winds, Freedom Elite, Majestic, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, and A.C.E trade names.
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