Trade Report: Today: Thor Industries Inc. (THO) Posts Quarterly Earnings Results, Beats Expectations By $0.26 EPS

Today: Thor Industries Inc. (THO) Posts Quarterly  Earnings Results, Beats Expectations By $0.26 EPS

Thor Industries Inc. (NYSE:THO) announced its earnings results on Monday. The company reported $1.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.26. Thor Industries had a return on equity of 22.50% and a net margin of 5.60%. The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the company posted $0.97 EPS. Thor Industries’s quarterly revenue was up 65.8% on a year-over-year basis.

Shares of Thor Industries (NYSE:THO) traded down 0.25% during mid-day trading on Monday, hitting $90.44. The stock had a trading volume of 1,321,851 shares. Thor Industries has a 12-month low of $47.56 and a 12-month high of $91.99. The stock has a market cap of $4.75 billion, a price-to-earnings ratio of 18.53 and a beta of 1.21. The firm’s 50-day moving average price is $82.17 and its 200 day moving average price is $75.57.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 7th. Stockholders of record on Monday, October 24th were issued a $0.33 dividend. This is a positive change from Thor Industries’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, October 20th. This represents a $1.32 annualized dividend and a dividend yield of 1.46%. Thor Industries’s dividend payout ratio is 27.10%.

A number of brokerages recently commented on THO. Vetr downgraded Thor Industries from a “strong-buy” rating to a “buy” rating and set a $95.66 price objective for the company. in a research note on Tuesday, November 15th. Zacks Investment Research upgraded Thor Industries from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a research note on Wednesday, August 3rd. Northcoast Research upgraded Thor Industries from a “neutral” rating to a “buy” rating and set a $95.00 price objective for the company in a research note on Tuesday, September 13th. Wellington Shields upgraded Thor Industries from a “gradually accumulate” rating to a “buy” rating in a research note on Wednesday, September 28th. Finally, Great Lakes Dredge & Dock Corp. upgraded Thor Industries to a “buy” rating in a research note on Wednesday, September 28th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $82.30.

In other Thor Industries news, Chairman Peter Busch Orthwein sold 4,672 shares of the firm’s stock in a transaction that occurred on Thursday, September 29th. The stock was sold at an average price of $85.69, for a total value of $400,343.68. Following the completion of the sale, the chairman now owns 1,400,252 shares in the company, valued at approximately $119,987,593.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.60% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Thor Industries by 18.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,244 shares of the company’s stock worth $105,000 after buying an additional 196 shares during the last quarter. United Services Automobile Association boosted its position in shares of Thor Industries by 2.3% in the second quarter. United Services Automobile Association now owns 9,740 shares of the company’s stock worth $631,000 after buying an additional 220 shares during the last quarter. LPL Financial LLC boosted its position in shares of Thor Industries by 3.4% in the third quarter. LPL Financial LLC now owns 9,398 shares of the company’s stock worth $806,000 after buying an additional 312 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Thor Industries by 1.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 21,188 shares of the company’s stock worth $1,795,000 after buying an additional 340 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its position in shares of Thor Industries by 5.2% in the second quarter. Ameritas Investment Partners Inc. now owns 7,220 shares of the company’s stock worth $467,000 after buying an additional 357 shares during the last quarter. 87.01% of the stock is owned by institutional investors and hedge funds.

Thor Industries Company Profile

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