Thor Industries, Inc. (NYSE:THO) has earned a consensus rating of “Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $124.27.

A number of research analysts have recently commented on THO shares. BidaskClub raised shares of Thor Industries from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Zacks Investment Research lowered shares of Thor Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Sidoti assumed coverage on shares of Thor Industries in a research report on Friday, August 11th. They set a “buy” rating and a $133.00 price objective for the company. Stifel Nicolaus reissued a “hold” rating on shares of Thor Industries in a research report on Wednesday, August 16th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $110.00 price target on shares of Thor Industries in a research report on Friday, September 1st.

In other Thor Industries 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 of the company’s stock, valued at $160,580,480. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.10% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of THO. Janus Henderson Group PLC bought a new stake in Thor Industries during the second quarter worth about $128,458,000. Swedbank bought a new stake in shares of Thor Industries during the third quarter valued at approximately $129,759,000. Capital Growth Management LP bought a new stake in shares of Thor Industries during the second quarter valued at approximately $47,034,000. Chilton Investment Co. LLC bought a new stake in shares of Thor Industries during the second quarter valued at approximately $37,692,000. Finally, BlackRock Inc. grew its stake in shares of Thor Industries by 8.7% during the second quarter. BlackRock Inc. now owns 4,122,123 shares of the construction company’s stock valued at $430,843,000 after purchasing an additional 329,996 shares during the last quarter. 88.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Thor Industries (NYSE THO) traded down $1.70 during trading hours on Thursday, reaching $153.55. 876,391 shares of the company were exchanged, compared to its average volume of 709,458. The company has a market capitalization of $8,134.43, a PE ratio of 19.22 and a beta of 1.42. Thor Industries has a 12-month low of $87.96 and a 12-month high of $156.86. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.50 and a quick ratio of 0.92.

Thor Industries (NYSE:THO) last released its earnings results on Monday, November 27th. The construction company reported $2.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.59. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $1.99 billion. Thor Industries had a net margin of 5.46% and a return on equity of 27.76%. The business’s revenue was up 30.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.49 EPS. equities analysts anticipate that Thor Industries will post 8.26 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 7th. Investors of record on Tuesday, October 24th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Monday, October 23rd. This is a positive change from Thor Industries’s previous quarterly dividend of $0.33. Thor Industries’s dividend payout ratio is 18.43%.

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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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