Thor Industries Inc. (THO) Posts Quarterly Earnings Results, Beats Expectations By $0.26 EPS
Thor Industries Inc. (NYSE:THO) issued its quarterly earnings results on Monday. The company reported $1.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.26. The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Thor Industries had a net margin of 5.60% and a return on equity of 22.50%. The business’s quarterly revenue was up 65.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 earnings per share.
Shares of Thor Industries (NYSE:THO) traded down 0.25% during trading on Monday, reaching $90.44. 1,321,851 shares of the company’s stock traded hands. Thor Industries has a 1-year low of $47.56 and a 1-year high of $91.99. The stock has a market capitalization of $4.75 billion, a PE ratio of 18.53 and a beta of 1.21. The company has a 50 day moving average price of $82.17 and a 200 day moving average price of $75.57.
The business also recently declared a quarterly dividend, which was paid on Monday, November 7th. Shareholders of record on Monday, October 24th were paid a $0.33 dividend. 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 1.46%. The ex-dividend date was Thursday, October 20th. Thor Industries’s dividend payout ratio is currently 27.10%.
In related 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 transaction, the chairman now directly owns 1,400,252 shares of the company’s stock, valued at approximately $119,987,593.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.60% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Thor Industries by 18.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,244 shares of the company’s stock valued at $105,000 after buying an additional 196 shares during the period. Pinkerton Retirement Specialists LLC bought a new position in Thor Industries during the second quarter valued at approximately $126,000. Panagora Asset Management Inc. raised its position in Thor Industries by 133.6% in the second quarter. Panagora Asset Management Inc. now owns 3,838 shares of the company’s stock valued at $248,000 after buying an additional 2,195 shares during the period. Seven Eight Capital LLC raised its position in Thor Industries by 583.3% in the second quarter. Seven Eight Capital LLC now owns 4,100 shares of the company’s stock valued at $265,000 after buying an additional 3,500 shares during the period. Finally, Pacer Advisors Inc. bought a new position in Thor Industries during the second quarter valued at approximately $279,000. 87.01% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently weighed in on THO shares. Vetr lowered shares of Thor Industries from a “strong-buy” rating to a “buy” rating and set a $95.66 target price on the stock. in a research note on Tuesday, November 15th. Zacks Investment Research upgraded shares of Thor Industries from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a research note on Thursday, October 6th. BMO Capital Markets restated a “hold” rating on shares of Thor Industries in a research note on Wednesday, September 28th. Wellington Shields upgraded shares of Thor Industries from a “gradually accumulate” rating to a “buy” rating in a research note on Wednesday, September 28th. Finally, Great Lakes Dredge & Dock Corp. upgraded shares of Thor Industries to a “buy” rating in a research note on Wednesday, September 28th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Thor Industries presently has an average rating of “Buy” and a consensus target price of $82.30.
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.
Receive News & Stock Ratings for Thor Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thor Industries Inc. and related stocks with our FREE daily email newsletter.