Thor Industries Upgraded to Buy at Goldman Sachs Group Inc. (THO)
Thor Industries (NYSE:THO) was upgraded by equities researchers at Goldman Sachs Group Inc. from a “neutral” rating to a “buy” rating in a research report issued on Monday, AnalystRatingsNetwork reports.
In other Thor Industries news, Director Jan Suwinski unloaded 5,000 shares of Thor Industries stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $57.81, for a total value of $289,050.00. Following the completion of the sale, the director now directly owns 11,000 shares of the company’s stock, valued at approximately $635,910. The transaction was disclosed in a filing with the SEC, which is available at this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets raised their price target on shares of Thor Industries from $64.00 to $67.00 in a research note to investors on Monday, September 30th. They now have an “outperform” rating on the stock. Finally, analysts at RBC Capital reiterated a “buy” rating on shares of Thor Industries in a research note to investors on Thursday, September 19th. They now have a $24.00 price target on the stock. Seven research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of $53.25.
Thor Industries (NYSE:THO) traded up 0.92% on Monday, hitting $58.11. 183,374 shares of the company’s stock traded hands. Thor Industries has a one year low of $34.51 and a one year high of $59.30. The stock has a 50-day moving average of $54.15 and a 200-day moving average of $47.45. The company has a market cap of $3.091 billion and a price-to-earnings ratio of 19.98.
Thor Industries (NYSE:THO) last issued its quarterly earnings data on Thursday, September 26th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.09. The company had revenue of $914.00 million for the quarter, compared to the consensus estimate of $964.54 million. During the same quarter in the previous year, the company posted $0.84 earnings per share. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. On average, analysts predict that Thor Industries will post $3.51 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, October 28th. Shareholders of record on Friday, October 18th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Wednesday, October 16th. This is a positive change from Thor Industries’s previous quarterly dividend of $0.18.
Thor Industries, Inc (NYSE:THO)manufactures and sells a range of recreation vehicles and small and mid-size buses in the United States and Canada.
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