Shares of Thor Industries, Inc. (NYSE:THO – Get Free Report) have been given an average rating of “Hold” by the fourteen ratings firms that are covering the stock, MarketBeat reports. Eleven research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $108.1111.
THO has been the topic of several analyst reports. DA Davidson cut their target price on shares of Thor Industries from $102.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, March 4th. Citigroup decreased their price target on shares of Thor Industries from $100.00 to $82.00 and set a “neutral” rating for the company in a report on Wednesday, May 27th. BMO Capital Markets lowered their price objective on shares of Thor Industries from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Benchmark reiterated a “hold” rating on shares of Thor Industries in a report on Wednesday, March 4th. Finally, Seaport Research Partners started coverage on Thor Industries in a report on Monday, April 20th. They set a “neutral” rating on the stock.
Get Our Latest Report on Thor Industries
Thor Industries Price Performance
Thor Industries (NYSE:THO – Get Free Report) last released its earnings results on Tuesday, March 3rd. The RV manufacturer reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.31. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $1.96 billion. Thor Industries had a net margin of 3.02% and a return on equity of 6.96%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.01) EPS. As a group, analysts anticipate that Thor Industries will post 3.75 earnings per share for the current year.
Thor Industries Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, April 20th. Shareholders of record on Monday, April 6th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Monday, April 6th. Thor Industries’s payout ratio is presently 64.60%.
Insider Transactions at Thor Industries
In other Thor Industries news, Director Peter Busch Orthwein bought 2,600 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was purchased at an average cost of $88.25 per share, with a total value of $229,450.00. Following the completion of the purchase, the director owned 139,000 shares in the company, valued at approximately $12,266,750. The trade was a 1.91% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 4.70% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in THO. Life Cycle Investment Partners Ltd acquired a new position in Thor Industries in the fourth quarter valued at about $255,482,000. ACR Alpine Capital Research LLC boosted its position in shares of Thor Industries by 18.6% during the first quarter. ACR Alpine Capital Research LLC now owns 4,903,124 shares of the RV manufacturer’s stock worth $391,711,000 after buying an additional 769,342 shares during the period. Balyasny Asset Management L.P. boosted its position in shares of Thor Industries by 130.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,081,238 shares of the RV manufacturer’s stock worth $111,011,000 after buying an additional 611,639 shares during the period. Bbfit Investments PTE Ltd. acquired a new position in shares of Thor Industries during the fourth quarter worth about $27,076,000. Finally, Norges Bank acquired a new position in shares of Thor Industries during the fourth quarter worth about $21,729,000. 96.71% of the stock is owned by institutional investors and hedge funds.
Thor Industries Company Profile
Thor Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and related components for the leisure travel market. Through its family of well-known brands—such as Airstream, Heartland, Jayco, Keystone RV and Thor Motor Coach—the company designs, manufactures and sells a broad range of motorized and towable RVs, complemented by aftermarket parts and service solutions. Thor offers products that span travel trailers, fifth wheels, toy haulers and Class A, B and C motorhomes, addressing both entry-level and premium segments.
Founded in 1980 when Wade Thompson and Peter Orthwein acquired Airstream from Beatrice Foods, Thor Industries has grown organically and through strategic acquisitions to become one of the largest RV producers in the world.
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