Thor Industries, Inc. (NYSE:THO) – Investment analysts at Northcoast Research dropped their Q1 2019 earnings per share estimates for shares of Thor Industries in a report issued on Tuesday, December 4th. Northcoast Research analyst S. Woolf now forecasts that the construction company will post earnings per share of $1.35 for the quarter, down from their previous estimate of $1.39. Northcoast Research has a “Buy” rating on the stock.
Several other equities analysts have also weighed in on the company. Canaccord Genuity restated an “average” rating on shares of Thor Industries in a research note on Tuesday, November 13th. SunTrust Banks reaffirmed a “buy” rating and set a $85.00 price target on shares of Thor Industries in a research report on Thursday. BMO Capital Markets reissued a “buy” rating on shares of Thor Industries in a research report on Wednesday, November 7th. Robert W. Baird reaffirmed a “buy” rating and set a $95.00 price objective on shares of Thor Industries in a research report on Monday, October 29th. Finally, Citigroup lowered their target price on shares of Thor Industries from $130.00 to $102.00 and set a “buy” rating for the company in a research note on Thursday, October 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $114.38.
NYSE THO opened at $60.34 on Wednesday. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 7.06 and a beta of 1.44. Thor Industries has a fifty-two week low of $55.50 and a fifty-two week high of $161.48. The company has a quick ratio of 1.01, a current ratio of 1.71 and a debt-to-equity ratio of 0.04.
Thor Industries (NYSE:THO) last posted its quarterly earnings data on Thursday, December 6th. The construction company reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.67 by ($1.41). The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.98 billion. Thor Industries had a return on equity of 24.97% and a net margin of 5.16%. The firm’s revenue for the quarter was down 21.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.43 EPS.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 9th. Stockholders of record on Thursday, October 25th were issued a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, October 24th. This is a positive change from Thor Industries’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a dividend yield of 2.59%. Thor Industries’s payout ratio is 18.25%.
In related news, Director James L. Ziemer purchased 5,000 shares of Thor Industries stock in a transaction dated Tuesday, October 9th. The stock was bought at an average cost of $81.74 per share, with a total value of $408,700.00. Following the purchase, the director now owns 14,000 shares in the company, valued at approximately $1,144,360. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Peter Busch Orthwein sold 5,028 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $69.63, for a total transaction of $350,099.64. The disclosure for this sale can be found here. Insiders own 4.20% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in THO. American Century Companies Inc. grew its position in Thor Industries by 7,840.5% in the third quarter. American Century Companies Inc. now owns 919,903 shares of the construction company’s stock worth $76,996,000 after acquiring an additional 908,318 shares in the last quarter. Marshall Wace LLP raised its stake in Thor Industries by 389.8% during the 3rd quarter. Marshall Wace LLP now owns 1,110,281 shares of the construction company’s stock valued at $92,931,000 after purchasing an additional 883,589 shares during the last quarter. Swedbank raised its stake in Thor Industries by 28.9% during the 3rd quarter. Swedbank now owns 3,330,200 shares of the construction company’s stock valued at $278,738,000 after purchasing an additional 747,200 shares during the last quarter. LSV Asset Management raised its stake in Thor Industries by 181.7% during the 3rd quarter. LSV Asset Management now owns 1,025,970 shares of the construction company’s stock valued at $85,873,000 after purchasing an additional 661,709 shares during the last quarter. Finally, Impala Asset Management LLC raised its stake in shares of Thor Industries by 5,014.1% in the 3rd quarter. Impala Asset Management LLC now owns 352,872 shares of the construction company’s stock valued at $29,535,000 after buying an additional 345,972 shares in the last quarter. Institutional investors and hedge funds own 86.21% of the company’s stock.
Thor Industries Company Profile
Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories primarily in the United States and Canada. It operates in two segments, Towable Recreational Vehicles and Motorized Recreational Vehicles. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, Basecamp, and Nest travel trade names, as well as Interstate series of Class B motorhomes; and gasoline and diesel Class A and Class C motorhomes under the Four Winds, Freedom Elite, Majestic, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, and A.C.E trade names.
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