BMO Capital Markets lowered shares of Thor Industries, Inc. (NYSE:THO) from an outperform rating to a market perform rating in a research report sent to investors on Thursday, July 6th.
Several other equities analysts have also commented on THO. Citigroup Inc. reaffirmed a buy rating and set a $118.00 target price (up previously from $111.00) on shares of Thor Industries in a report on Friday, June 9th. Zacks Investment Research lowered shares of Thor Industries from a buy rating to a hold rating in a report on Wednesday, June 14th. Off Wall Street assumed coverage on shares of Thor Industries in a report on Thursday, June 29th. They set a sell rating and a $75.00 target price on the stock. Finally, SunTrust Banks, Inc. set a $125.00 target price on shares of Thor Industries and gave the company a buy rating in a report on Thursday, April 20th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $107.06.
Thor Industries (THO) opened at 106.59 on Thursday. The firm has a 50-day moving average price of $105.31 and a 200-day moving average price of $100.82. The stock has a market cap of $5.61 billion, a P/E ratio of 16.63 and a beta of 1.40. Thor Industries has a 52 week low of $74.00 and a 52 week high of $115.74.
Thor Industries (NYSE:THO) last released its earnings results on Monday, June 5th. The construction company reported $2.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.24. Thor Industries had a net margin of 5.11% and a return on equity of 24.83%. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the firm earned $1.51 EPS. The firm’s quarterly revenue was up 56.9% compared to the same quarter last year. On average, equities research analysts predict that Thor Industries will post $6.76 EPS for the current year.
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The business also recently announced a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Friday, June 23rd were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Wednesday, June 21st. Thor Industries’s payout ratio is 20.63%.
In other news, Director Alan Siegel sold 1,000 shares of Thor Industries stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $103.19, for a total transaction of $103,190.00. Following the sale, the director now owns 5,988 shares of the company’s stock, valued at approximately $617,901.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.60% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Somerset Trust Co boosted its position in shares of Thor Industries by 0.4% in the first quarter. Somerset Trust Co now owns 6,641 shares of the construction company’s stock worth $639,000 after buying an additional 25 shares during the period. Bbva Compass Bancshares Inc. boosted its position in shares of Thor Industries by 0.6% in the second quarter. Bbva Compass Bancshares Inc. now owns 14,956 shares of the construction company’s stock worth $1,564,000 after buying an additional 82 shares during the period. State Treasurer State of Michigan boosted its position in shares of Thor Industries by 0.5% in the first quarter. State Treasurer State of Michigan now owns 19,400 shares of the construction company’s stock worth $1,865,000 after buying an additional 100 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in shares of Thor Industries by 7.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,746 shares of the construction company’s stock worth $182,000 after buying an additional 125 shares during the period. Finally, Atria Investments LLC boosted its position in shares of Thor Industries by 6.1% in the first quarter. Atria Investments LLC now owns 2,219 shares of the construction company’s stock worth $213,000 after buying an additional 128 shares during the period. 90.70% of the stock is owned by institutional investors.
Thor Industries Company Profile
Thor Industries, Inc manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. The Company’s segments include towable recreational vehicles, which consists of the operations of Airstream, Inc (Airstream) (towable); Heartland Recreational Vehicles, LLC (Heartland) (including Bison Coach, LLC (Bison), Cruiser RV, LLC (CRV) and DRV, LLC (DRV)); Jayco, Corp.
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