Shares of Thor Industries Inc. (NYSE:THO) have been assigned a consensus rating of “Buy” from the ten research firms that are presently covering the company. Three investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $82.57.
A number of analysts have recently issued reports on THO shares. Great Lakes Dredge & Dock Corp. raised Thor Industries to a “buy” rating in a research report on Wednesday, September 28th. SunTrust Banks Inc. upgraded Thor Industries from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $65.00 to $90.00 in a research note on Friday, July 29th. Zacks Investment Research upgraded Thor Industries from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a research note on Thursday, July 14th. Wellington Shields upgraded Thor Industries from a “gradually accumulate” rating to a “buy” rating in a research note on Wednesday, September 28th. Finally, Northcoast Research upgraded Thor Industries from a “neutral” rating to a “buy” rating and set a $95.00 price target for the company in a research note on Tuesday, September 13th.
Thor Industries (NYSE:THO) opened at 82.80 on Monday. The stock’s 50 day moving average price is $82.28 and its 200-day moving average price is $71.64. Thor Industries has a 52 week low of $47.56 and a 52 week high of $87.08. The stock has a market capitalization of $4.35 billion, a P/E ratio of 16.96 and a beta of 1.26.
Thor Industries (NYSE:THO) last announced its earnings results on Monday, September 26th. The company reported $1.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.24. Thor Industries had a return on equity of 22.50% and a net margin of 5.60%. The business had revenue of $1.29 billion for the quarter. During the same period in the previous year, the firm posted $1.31 earnings per share. The firm’s revenue was up 22.2% compared to the same quarter last year. Equities research analysts expect that Thor Industries will post $5.89 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 7th. Shareholders of record on Monday, October 24th will be paid a $0.33 dividend. This is an increase from Thor Industries’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Thursday, October 20th. Thor Industries’s payout ratio is presently 24.64%.
In other Thor Industries news, Chairman Peter Busch Orthwein sold 4,672 shares of Thor Industries stock in a transaction that occurred on Thursday, September 29th. The stock was sold at an average price of $85.69, for a total value of $400,343.68. Following the completion of the transaction, the chairman now directly owns 1,400,252 shares in the company, valued at $119,987,593.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.80% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of THO. Callahan Advisors LLC acquired a new stake in Thor Industries during the third quarter worth $1,706,000. Parametrica Management Ltd acquired a new stake in Thor Industries during the third quarter worth $212,000. Highland Capital Management LLC boosted its stake in Thor Industries by 1.1% in the third quarter. Highland Capital Management LLC now owns 13,538 shares of the company’s stock worth $1,147,000 after buying an additional 152 shares during the period. Capstone Asset Management Co. boosted its stake in Thor Industries by 2.1% in the third quarter. Capstone Asset Management Co. now owns 35,355 shares of the company’s stock worth $2,995,000 after buying an additional 713 shares during the period. Finally, First United Bank Trust boosted its stake in Thor Industries by 7.2% in the third quarter. First United Bank Trust now owns 4,774 shares of the company’s stock worth $404,000 after buying an additional 319 shares during the period. Institutional investors own 85.70% of the company’s stock.
About Thor Industries
Thor Industries, Inc (Thor), manufactures and sells various recreational vehicles (RV) throughout the United States and Canada, as well as related parts and accessories. The principal types of The Company’s towable recreational vehicles that the Company produces include conventional travel trailers and fifth wheels.
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