Shares of Thor Industries Inc. (NYSE:THO) have been given a consensus recommendation of “Buy” by the ten brokerages that are covering the company. Three analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $82.57.
A number of research firms have issued reports on THO. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a research report on Thursday, October 6th. Great Lakes Dredge & Dock Corp. raised Thor Industries to a “buy” rating in a research report on Wednesday, September 28th. Wellington Shields raised Thor Industries from a “gradually accumulate” rating to a “buy” rating in a research report on Wednesday, September 28th. BMO Capital Markets reissued a “hold” rating on shares of Thor Industries in a research report on Wednesday, September 28th. Finally, Argus reissued a “buy” rating and issued a $92.00 target price on shares of Thor Industries in a research report on Sunday.
Shares of Thor Industries (NYSE:THO) opened at 83.44 on Monday. The firm has a 50-day moving average price of $82.12 and a 200 day moving average price of $71.41. The company has a market cap of $4.38 billion, a PE ratio of 17.09 and a beta of 1.26. Thor Industries has a 1-year low of $47.56 and a 1-year high of $87.08.
Thor Industries (NYSE:THO) last issued its quarterly earnings results on Monday, September 26th. The company reported $1.57 EPS for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.24. The company earned $1.29 billion during the quarter. Thor Industries had a return on equity of 22.50% and a net margin of 5.60%. The business’s revenue was up 22.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.31 earnings per share. On average, equities analysts anticipate that Thor Industries will post $5.89 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 7th. Investors of record on Monday, October 24th will be paid a dividend of $0.33 per share. This is a positive change from Thor Industries’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, October 20th. This represents a $1.32 annualized dividend and a yield of 1.58%. Thor Industries’s dividend payout ratio (DPR) is currently 24.64%.
In related news, Chairman Peter Busch Orthwein sold 4,672 shares of Thor Industries stock in a transaction on Thursday, September 29th. The stock was sold at an average price of $85.69, for a total transaction of $400,343.68. Following the completion of the sale, the chairman now owns 1,400,252 shares of the company’s stock, valued at $119,987,593.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 8.80% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Pinkerton Retirement Specialists LLC acquired a new stake in Thor Industries during the second quarter valued at about $126,000. LS Investment Advisors LLC raised its stake in Thor Industries by 65.7% in the second quarter. LS Investment Advisors LLC now owns 2,809 shares of the company’s stock valued at $182,000 after buying an additional 1,114 shares in the last quarter. Sawgrass Asset Management LLC acquired a new stake in Thor Industries during the second quarter valued at about $216,000. Panagora Asset Management Inc. raised its stake in Thor Industries by 133.6% in the second quarter. Panagora Asset Management Inc. now owns 3,838 shares of the company’s stock valued at $248,000 after buying an additional 2,195 shares in the last quarter. Finally, M&T Bank Corp raised its stake in Thor Industries by 6.6% in the first quarter. M&T Bank Corp now owns 3,897 shares of the company’s stock valued at $249,000 after buying an additional 242 shares in the last quarter. 85.70% of the stock is owned by institutional investors.