Brokerages Set Thor Industries Inc. (THO) PT at $83.96
Thor Industries Inc. (NYSE:THO) has earned an average rating of “Buy” from the eleven analysts that are covering the stock. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $84.21.
Several research analysts have recently weighed in on THO shares. Vetr upgraded shares of Thor Industries from a “buy” rating to a “strong-buy” rating and set a $93.65 price target for the company in a report on Thursday, October 20th. Argus reiterated a “buy” rating and issued a $92.00 price target on shares of Thor Industries in a report on Sunday, October 9th. SunTrust Banks Inc. upgraded shares of Thor Industries from a “neutral” rating to a “buy” rating and upped their price target for the company from $65.00 to $90.00 in a report on Friday, July 29th. BMO Capital Markets reiterated a “hold” rating on shares of Thor Industries in a report on Wednesday, September 28th. Finally, Zacks Investment Research upgraded shares of Thor Industries from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a report on Thursday, October 6th.
In other Thor Industries news, Chairman Peter Busch Orthwein sold 4,672 shares of the company’s stock in a transaction on Thursday, September 29th. The shares were sold at an average price of $85.69, for a total transaction of $400,343.68. Following the sale, the chairman now directly owns 1,400,252 shares of the company’s stock, valued at $119,987,593.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.60% of the company’s stock.
A number of hedge funds have recently bought and sold shares of THO. Squarepoint Ops LLC raised its stake in Thor Industries by 37.6% in the first quarter. Squarepoint Ops LLC now owns 17,591 shares of the company’s stock valued at $1,122,000 after buying an additional 4,806 shares during the period. LPL Financial LLC raised its stake in Thor Industries by 164.7% in the first quarter. LPL Financial LLC now owns 17,748 shares of the company’s stock valued at $1,102,000 after buying an additional 11,044 shares during the period. ZPR Investment Management purchased a new stake in Thor Industries during the first quarter valued at about $1,027,000. Metropolitan Life Insurance Co. NY raised its stake in Thor Industries by 2.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 43,466 shares of the company’s stock valued at $2,772,000 after buying an additional 1,170 shares during the period. Finally, A.R.T. Advisors LLC raised its stake in Thor Industries by 63.1% in the first quarter. A.R.T. Advisors LLC now owns 45,502 shares of the company’s stock valued at $2,901,000 after buying an additional 17,600 shares during the period. 87.84% of the stock is currently owned by hedge funds and other institutional investors.
Thor Industries (NYSE:THO) opened at 86.02 on Monday. The company has a 50-day moving average of $81.82 and a 200 day moving average of $74.52. The company has a market cap of $4.51 billion, a P/E ratio of 17.62 and a beta of 1.21. Thor Industries has a one year low of $47.56 and a one year high of $87.08.
Thor Industries (NYSE:THO) last issued its quarterly earnings data on Monday, September 26th. The company reported $1.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.24. The firm earned $1.29 billion during the quarter. Thor Industries had a net margin of 5.60% and a return on equity of 22.50%. The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.31 EPS. Equities research analysts predict that Thor Industries will post $5.88 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, November 7th. Shareholders of record on Monday, October 24th were given a dividend of $0.33 per share. This is a positive change from Thor Industries’s previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Thursday, October 20th. Thor Industries’s dividend payout ratio is 27.10%.
Thor Industries Company Profile
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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