Peter Busch Orthwein Buys 3,000 Shares of Thor Industries, Inc. (NYSE:THO) Stock

Thor Industries, Inc. (NYSE:THO) Director Peter Busch Orthwein acquired 3,000 shares of the business’s stock in a transaction dated Friday, June 20th. The stock was purchased at an average cost of $85.40 per share, for a total transaction of $256,200.00. Following the transaction, the director now owns 136,400 shares in the company, valued at approximately $11,648,560. The trade was a 2.25% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Thor Industries Stock Performance

THO traded up $1.60 on Monday, reaching $86.96. 463,616 shares of the stock were exchanged, compared to its average volume of 666,893. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.71 and a quick ratio of 0.90. The company’s 50-day moving average price is $79.21 and its 200 day moving average price is $87.98. The firm has a market capitalization of $4.63 billion, a PE ratio of 20.85, a PEG ratio of 1.78 and a beta of 1.21. Thor Industries, Inc. has a fifty-two week low of $63.16 and a fifty-two week high of $118.85.

Thor Industries (NYSE:THO) last announced its quarterly earnings data on Wednesday, June 4th. The construction company reported $2.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.74. The firm had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.60 billion. Thor Industries had a return on equity of 5.84% and a net margin of 2.32%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the business posted $2.13 earnings per share. As a group, sell-side analysts forecast that Thor Industries, Inc. will post 4.64 EPS for the current fiscal year.

Thor Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Tuesday, July 1st. Thor Industries’s payout ratio is 47.96%.

Analyst Upgrades and Downgrades

THO has been the subject of several recent analyst reports. Robert W. Baird downgraded shares of Thor Industries from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $100.00 to $85.00 in a research note on Friday, April 4th. Bank of America raised Thor Industries from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $110.00 to $125.00 in a research report on Monday, March 3rd. DA Davidson upgraded Thor Industries to a “hold” rating in a research note on Monday, April 14th. BMO Capital Markets decreased their price target on Thor Industries from $120.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Finally, Baird R W downgraded Thor Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $87.63.

Institutional Trading of Thor Industries

Several large investors have recently made changes to their positions in the business. O Shaughnessy Asset Management LLC grew its holdings in Thor Industries by 0.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 15,971 shares of the construction company’s stock worth $1,529,000 after acquiring an additional 112 shares during the period. Sanctuary Advisors LLC lifted its holdings in Thor Industries by 0.5% in the fourth quarter. Sanctuary Advisors LLC now owns 21,614 shares of the construction company’s stock valued at $2,278,000 after acquiring an additional 113 shares during the period. First Horizon Advisors Inc. boosted its position in Thor Industries by 57.3% in the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock worth $32,000 after purchasing an additional 121 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in shares of Thor Industries by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 22,364 shares of the construction company’s stock worth $2,140,000 after purchasing an additional 140 shares during the period. Finally, Crossmark Global Holdings Inc. increased its holdings in shares of Thor Industries by 4.2% during the 1st quarter. Crossmark Global Holdings Inc. now owns 3,560 shares of the construction company’s stock valued at $270,000 after purchasing an additional 145 shares in the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

Thor Industries Company Profile

THOR Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.