Thor Industries, Inc. (THO) Receives Consensus Rating of “Buy” from Analysts

Shares of Thor Industries, Inc. (NYSE:THO) have been assigned an average rating of “Buy” from the fifteen analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $125.20.

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus reissued a “hold” rating on shares of Thor Industries in a report on Thursday, September 21st. Citigroup increased their target price on Thor Industries from $118.00 to $146.00 and gave the stock a “buy” rating in a report on Monday, October 2nd. Canaccord Genuity reissued a “buy” rating on shares of Thor Industries in a report on Friday, September 22nd. Argus cut Thor Industries from a “buy” rating to a “hold” rating in a report on Friday, December 8th. Finally, ValuEngine raised Thor Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st.

Thor Industries (NYSE:THO) traded up $2.81 during trading on Friday, reaching $155.44. The company’s stock had a trading volume of 510,575 shares, compared to its average volume of 470,631. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.91 and a current ratio of 1.50. The firm has a market cap of $8,190.00, a PE ratio of 19.36 and a beta of 1.45. Thor Industries has a 12-month low of $87.96 and a 12-month high of $159.17.

Thor Industries (NYSE:THO) last issued its earnings results on Monday, November 27th. The construction company reported $2.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.59. Thor Industries had a return on equity of 27.76% and a net margin of 5.46%. The business had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the prior year, the firm posted $1.49 EPS. Thor Industries’s quarterly revenue was up 30.6% compared to the same quarter last year. sell-side analysts expect that Thor Industries will post 9.1 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 9th. Investors of record on Tuesday, December 26th were given a dividend of $0.37 per share. The ex-dividend date was Friday, December 22nd. This represents a $1.48 dividend on an annualized basis and a yield of 0.95%. Thor Industries’s dividend payout ratio (DPR) is presently 18.43%.

In related news, Director Alan Siegel sold 1,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $153.75, for a total transaction of $153,750.00. Following the sale, the director now directly owns 4,988 shares in the company, valued at approximately $766,905. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 6.60% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new stake in Thor Industries during the 4th quarter worth approximately $542,000. Oakbrook Investments LLC boosted its position in Thor Industries by 68.4% in the 4th quarter. Oakbrook Investments LLC now owns 4,518 shares of the construction company’s stock valued at $681,000 after buying an additional 1,835 shares during the last quarter. Acadian Asset Management LLC boosted its position in Thor Industries by 3,456.0% in the 4th quarter. Acadian Asset Management LLC now owns 324,771 shares of the construction company’s stock valued at $48,949,000 after buying an additional 315,638 shares during the last quarter. CAPROCK Group Inc. bought a new position in Thor Industries in the 4th quarter valued at $231,000. Finally, Schwab Charles Investment Management Inc. boosted its position in Thor Industries by 6.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 247,092 shares of the construction company’s stock valued at $37,242,000 after buying an additional 15,374 shares during the last quarter. Institutional investors and hedge funds own 88.44% of the company’s stock.

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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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