Thor Industries (THO) Receiving Somewhat Positive Press Coverage, Analysis Shows
News stories about Thor Industries (NYSE:THO) have trended somewhat positive on Thursday, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Thor Industries earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned news coverage about the construction company an impact score of 47.3533155486288 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
- Thor Industries Hires Senior Director (insideindianabusiness.com)
- Thor Industries, Inc. : quaterly earnings release (4-traders.com)
- Thor Industries : Announces Final Date for Earnings Release (4-traders.com)
- Thor Names Byots Sr. Director, Investor Relations (rvbusiness.com)
- Thor Names Senior Director Of Investor Relations (finance.yahoo.com)
A number of equities analysts recently commented on the stock. Robert W. Baird reaffirmed a “buy” rating and set a $136.00 price target on shares of Thor Industries in a research report on Wednesday, November 1st. Aegis reaffirmed a “hold” rating and set a $130.00 price target (up from $113.00) on shares of Thor Industries in a research report on Saturday, September 30th. Stifel Nicolaus reaffirmed a “hold” rating and set a $114.00 price target (up from $110.00) on shares of Thor Industries in a research report on Saturday, September 30th. BMO Capital Markets reaffirmed a “market perform” rating and set a $135.00 price target (up from $110.00) on shares of Thor Industries in a research report on Saturday, September 30th. Finally, Citigroup Inc. raised their price target on shares of Thor Industries from $118.00 to $146.00 and gave the stock a “buy” rating in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $123.08.
Shares of Thor Industries (NYSE:THO) traded down $0.71 during trading on Thursday, reaching $136.90. 473,600 shares of the company’s stock were exchanged, compared to its average volume of 693,205. The firm has a market capitalization of $7,180.00, a P/E ratio of 19.41 and a beta of 1.42. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.51 and a quick ratio of 0.92. Thor Industries has a 12-month low of $87.96 and a 12-month high of $138.07.
Thor Industries (NYSE:THO) last announced its quarterly earnings data on Wednesday, September 27th. The construction company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.31. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.83 billion. Thor Industries had a net margin of 6.17% and a return on equity of 31.44%. The business’s revenue for the quarter was up 49.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.57 earnings per share. research analysts forecast that Thor Industries will post 8.14 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 7th. Shareholders of record on Tuesday, October 24th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.08%. This is an increase from Thor Industries’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Monday, October 23rd. Thor Industries’s dividend payout ratio is presently 20.87%.
In other Thor Industries news, Chairman Peter Busch Orthwein sold 2,784 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $115.00, for a total transaction of $320,160.00. Following the sale, the chairman now directly owns 1,396,352 shares in the company, valued at $160,580,480. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.60% of the company’s stock.
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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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