Robert W. Baird reaffirmed their buy rating on shares of Thor Industries, Inc. (NYSE:THO) in a research note published on Wednesday, November 1st. Robert W. Baird currently has a $136.00 price target on the construction company’s stock.
Other equities analysts have also issued reports about the stock. BMO Capital Markets reiterated a market perform rating and set a $135.00 target price (up from $110.00) on shares of Thor Industries in a report on Saturday, September 30th. Stifel Nicolaus reissued a hold rating and set a $114.00 price target (up previously from $110.00) on shares of Thor Industries in a research report on Saturday, September 30th. Aegis reissued a hold rating and set a $130.00 price target (up previously from $113.00) on shares of Thor Industries in a research report on Saturday, September 30th. Citigroup Inc. lifted their target price 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. Finally, SunTrust Banks, Inc. lifted their target price on shares of Thor Industries and gave the stock a buy rating in a research report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $120.97.
Shares of Thor Industries (NYSE THO) traded up $0.56 during trading hours on Wednesday, hitting $130.45. The stock had a trading volume of 495,500 shares, compared to its average volume of 698,523. Thor Industries has a 52-week low of $82.91 and a 52-week high of $138.07. 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 quick ratio of 0.92, a current ratio of 1.51 and a debt-to-equity ratio of 0.09.
Thor Industries (NYSE:THO) last issued its quarterly earnings data on Wednesday, September 27th. The construction company reported $2.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.95 by $0.31. Thor Industries had a net margin of 5.16% and a return on equity of 26.04%. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same period last year, the business posted $1.57 earnings per share. Thor Industries’s quarterly revenue was up 49.7% compared to the same quarter last year. research analysts expect that Thor Industries will post 8.14 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 24th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.13%. This is a boost from Thor Industries’s previous quarterly dividend of $0.33. The ex-dividend date was Monday, October 23rd. Thor Industries’s dividend payout ratio is currently 20.87%.
In other news, Chairman Peter Busch Orthwein sold 2,784 shares of the company’s 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 approximately $160,580,480. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.10% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of THO. Huntington National Bank grew its holdings in Thor Industries by 82.0% during the 2nd quarter. Huntington National Bank now owns 983 shares of the construction company’s stock valued at $103,000 after purchasing an additional 443 shares during the last quarter. Penserra Capital Management LLC bought a new position in Thor Industries in the 2nd quarter worth about $104,000. Sterling Investment Advisors Ltd. bought a new position in Thor Industries in the 2nd quarter worth about $105,000. Fiduciary Trust Co. bought a new position in Thor Industries in the 2nd quarter worth about $133,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Thor Industries by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,735 shares of the construction company’s stock worth $181,000 after acquiring an additional 151 shares in the last quarter. Institutional investors own 91.31% 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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