Thor Industries (THO) Receiving Somewhat Positive Press Coverage, Analysis Finds

Media stories about Thor Industries (NYSE:THO) have trended somewhat positive on Tuesday, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Thor Industries earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the construction company an impact score of 48.1840954505951 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

A number of equities analysts recently weighed in on THO shares. Sidoti started coverage on shares of Thor Industries in a research note on Friday, August 11th. They set a “buy” rating and a $133.00 target price for the company. Robert W. Baird restated a “buy” rating and issued a $120.00 price target on shares of Thor Industries in a report on Friday, September 8th. Zacks Investment Research upgraded shares of Thor Industries from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a report on Tuesday, September 5th. Canaccord Genuity reiterated a “buy” rating on shares of Thor Industries in a report on Friday, September 22nd. Finally, Northcoast Research reiterated a “buy” rating and set a $145.00 price objective (up from $134.00) on shares of Thor Industries in a report on Monday, September 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $120.97.

Thor Industries (NYSE THO) traded up $0.56 during trading on Tuesday, hitting $130.45. 495,500 shares of the stock traded hands, compared to its average volume of 698,523. The company has a market capitalization of $6,844.47, a PE ratio of 18.32 and a beta of 1.42. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.92 and a current ratio of 1.51. Thor Industries has a 52-week low of $82.91 and a 52-week high of $138.07.

Thor Industries (NYSE:THO) last posted its quarterly earnings data on Wednesday, September 27th. The construction company reported $2.26 EPS for the quarter, topping the consensus estimate of $1.95 by $0.31. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.83 billion. Thor Industries had a net margin of 5.16% and a return on equity of 26.04%. Thor Industries’s quarterly revenue was up 49.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.57 earnings per share. sell-side analysts expect that Thor Industries will post 8.14 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 7th. Shareholders of record on Tuesday, October 24th were issued a $0.37 dividend. The ex-dividend date of this dividend was Monday, October 23rd. This is an increase from Thor Industries’s previous quarterly dividend of $0.33. This represents a $1.48 dividend on an annualized basis and a yield of 1.13%. Thor Industries’s payout ratio is currently 20.87%.

In related news, Chairman Peter Busch Orthwein sold 2,784 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $115.00, for a total value of $320,160.00. Following the sale, the chairman now owns 1,396,352 shares in the company, valued at $160,580,480. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 5.10% of the company’s stock.

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About Thor Industries

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.

Insider Buying and Selling by Quarter for Thor Industries (NYSE:THO)

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