Thor Industries Inc. (THO) Stock Rating Lowered by Vetr Inc.
Thor Industries Inc. (NYSE:THO) was downgraded by research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. They currently have a $95.66 price target on the stock. Vetr‘s price target would indicate a potential upside of 11.21% from the company’s previous close.
A number of other equities research analysts also recently weighed in on THO. SunTrust Banks Inc. upgraded Thor Industries from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $65.00 to $90.00 in a report on Friday, July 29th. Zacks Investment Research downgraded Thor Industries from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd. Wunderlich downgraded Thor Industries from a “buy” rating to a “hold” rating and set a $80.00 target price for the company. in a report on Friday, August 19th. Northcoast Research upgraded Thor Industries from a “neutral” rating to a “buy” rating and set a $95.00 price objective for the company in a report on Tuesday, September 13th. Finally, Great Lakes Dredge & Dock Corp. upgraded Thor Industries to a “buy” rating in a report on Wednesday, September 28th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Thor Industries currently has a consensus rating of “Buy” and a consensus target price of $82.30.
Shares of Thor Industries (NYSE:THO) opened at 86.02 on Tuesday. The firm 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. The firm’s 50-day moving average price is $81.82 and its 200 day moving average price is $74.52.
Thor Industries (NYSE:THO) last issued its earnings results on Monday, September 26th. The company reported $1.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.24. The business earned $1.29 billion during the quarter. Thor Industries had a return on equity of 22.50% and a net margin of 5.60%. The company’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.31 earnings per share. Analysts predict that Thor Industries will post $5.88 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 7th. Stockholders of record on Monday, October 24th were issued a dividend of $0.33 per share. This is an increase from Thor Industries’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, October 20th. This represents a $1.32 annualized dividend and a dividend yield of 1.53%. Thor Industries’s payout ratio is currently 27.10%.
In other news, Chairman Peter Busch Orthwein sold 4,672 shares of the business’s stock in a transaction that occurred on Thursday, September 29th. The stock was sold at an average price of $85.69, for a total transaction of $400,343.68. Following the completion of the sale, the chairman now owns 1,400,252 shares in the company, valued at $119,987,593.88. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 6.60% of the company’s stock.
A number of large investors have recently made changes to their positions in THO. Vanguard Group Inc. increased its stake in shares of Thor Industries by 4.4% in the second quarter. Vanguard Group Inc. now owns 3,342,615 shares of the company’s stock valued at $216,401,000 after buying an additional 141,893 shares during the period. Wells Fargo & Company MN increased its stake in shares of Thor Industries by 323.1% in the third quarter. Wells Fargo & Company MN now owns 2,040,377 shares of the company’s stock valued at $172,820,000 after buying an additional 1,558,181 shares during the period. BlackRock Fund Advisors increased its stake in shares of Thor Industries by 7.0% in the third quarter. BlackRock Fund Advisors now owns 1,747,095 shares of the company’s stock valued at $147,979,000 after buying an additional 114,235 shares during the period. Janus Capital Management LLC increased its stake in shares of Thor Industries by 8.8% in the second quarter. Janus Capital Management LLC now owns 1,538,085 shares of the company’s stock valued at $99,575,000 after buying an additional 124,638 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of Thor Industries by 7.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,493,050 shares of the company’s stock valued at $126,461,000 after buying an additional 101,532 shares during the period. Institutional investors and hedge funds own 87.84% 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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