Thor Industries, Inc. (NYSE:THO) has received an average rating of “Buy” from the fifteen ratings firms that are covering the stock, Marketbeat Ratings reports. 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. The average 1 year target price among analysts that have covered the stock in the last year is $119.31.

Several research firms recently weighed in on THO. BidaskClub raised shares of Thor Industries from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Citigroup Inc. lifted their price target on shares of Thor Industries from $118.00 to $146.00 and gave the company a “buy” rating in a research note on Monday, October 2nd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $135.00 price target (up previously from $110.00) on shares of Thor Industries in a research note on Saturday, September 30th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $114.00 price target (up previously from $110.00) on shares of Thor Industries in a research note on Saturday, September 30th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $120.00 price target on shares of Thor Industries in a research note on Thursday, September 28th.

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Shares of Thor Industries (THO) traded down 0.46% during midday trading on Wednesday, hitting $127.77. 545,933 shares of the company traded hands. The stock has a market capitalization of $6.72 billion, a P/E ratio of 19.94 and a beta of 1.37. The stock’s 50-day moving average is $115.81 and its 200 day moving average is $103.63. Thor Industries has a 12-month low of $74.00 and a 12-month high of $129.88.

Thor Industries (NYSE:THO) last released its quarterly earnings data on Wednesday, September 27th. The construction company reported $2.26 earnings per share for the quarter, topping the 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 for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter last year, the firm earned $1.57 EPS. Thor Industries’s quarterly revenue was up 49.7% compared to the same quarter last year. On average, analysts expect that Thor Industries will post $8.18 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 24th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Monday, October 23rd. This is a positive change from Thor Industries’s previous quarterly dividend of $0.33. Thor Industries’s payout ratio is currently 18.62%.

In other news, Chairman Peter Busch Orthwein sold 2,784 shares of the business’s stock in a transaction on Monday, September 18th. The shares were 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 of the company’s stock, valued at $160,580,480. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 6.60% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Hancock Holding Co. lifted its position in shares of Thor Industries by 349.8% in the second quarter. Hancock Holding Co. now owns 139,189 shares of the construction company’s stock worth $14,549,000 after purchasing an additional 108,247 shares in the last quarter. Financial Counselors Inc. bought a new stake in shares of Thor Industries in the second quarter worth $1,144,000. United Capital Financial Advisers LLC lifted its position in shares of Thor Industries by 2.7% in the first quarter. United Capital Financial Advisers LLC now owns 13,278 shares of the construction company’s stock worth $1,276,000 after purchasing an additional 354 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Thor Industries by 5.7% in the first quarter. Vanguard Group Inc. now owns 3,993,691 shares of the construction company’s stock worth $383,913,000 after purchasing an additional 214,042 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Thor Industries by 23.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 35,997 shares of the construction company’s stock worth $3,763,000 after purchasing an additional 6,806 shares in the last quarter. 89.48% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Thor Industries (NYSE:THO)

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