Zacks Investment Research upgraded shares of Thor Industries, Inc. (NYSE:THO) from a hold rating to a buy rating in a research report released on Saturday. Zacks Investment Research currently has $120.00 price target on the construction company’s stock.
According to Zacks, “Thor Industries manufactures a wide range of recreational vehicles (RVs) at various manufacturing facilities located in Indiana and Ohio and sold through independent dealers in the U.S. and Canada. “
Several other research firms have also commented on THO. Wunderlich upped their price objective on Thor Industries from $80.00 to $94.00 and gave the stock a buy rating in a research report on Tuesday, March 7th. Citigroup Inc. restated a buy rating and issued a $118.00 price objective (up previously from $111.00) on shares of Thor Industries in a research report on Friday, June 9th. BMO Capital Markets restated a market perform rating and issued a $110.00 price objective (up previously from $97.00) on shares of Thor Industries in a research report on Tuesday, June 6th. Finally, SunTrust Banks, Inc. set a $125.00 price objective on Thor Industries and gave the stock a buy rating in a research report on Thursday, April 20th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $110.30.
Thor Industries (THO) opened at 107.94 on Friday. Thor Industries has a 12-month low of $60.05 and a 12-month high of $115.74. The stock has a market cap of $5.68 billion, a P/E ratio of 16.84 and a beta of 1.31. The company has a 50 day moving average of $96.76 and a 200-day moving average of $100.36.
Thor Industries (NYSE:THO) last released its quarterly earnings data on Monday, June 5th. The construction company reported $2.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.24. Thor Industries had a return on equity of 24.83% and a net margin of 5.11%. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the firm posted $1.51 EPS. The business’s quarterly revenue was up 56.9% compared to the same quarter last year. Equities analysts forecast that Thor Industries will post $6.75 earnings per share for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 12th. Stockholders of record on Friday, June 23rd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, June 21st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.22%. Thor Industries’s dividend payout ratio (DPR) is 20.63%.
In other news, Director Alan Siegel sold 1,000 shares of the stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $103.19, for a total transaction of $103,190.00. Following the transaction, the director now owns 5,988 shares in the company, valued at approximately $617,901.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.60% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Thor Industries by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,085 shares of the construction company’s stock valued at $709,000 after buying an additional 21 shares in the last quarter. Somerset Trust Co increased its position in Thor Industries by 0.4% in the first quarter. Somerset Trust Co now owns 6,641 shares of the construction company’s stock valued at $639,000 after buying an additional 25 shares in the last quarter. State Treasurer State of Michigan increased its position in 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 valued at $1,865,000 after buying an additional 100 shares in the last quarter. Atria Investments LLC increased its position in Thor Industries by 6.1% in the first quarter. Atria Investments LLC now owns 2,219 shares of the construction company’s stock valued at $213,000 after buying an additional 128 shares in the last quarter. Finally, USA Financial Portformulas Corp increased its position in Thor Industries by 2.4% in the fourth quarter. USA Financial Portformulas Corp now owns 5,743 shares of the construction company’s stock valued at $575,000 after buying an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 91.52% of the company’s stock.
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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