Thor Industries, Inc. (NYSE:THO) Receives Consensus Recommendation of “Hold” from Brokerages

Thor Industries, Inc. (NYSE:THOGet Rating) has received a consensus rating of “Hold” from the fifteen analysts that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $100.91.

THO has been the subject of a number of research analyst reports. DA Davidson initiated coverage on Thor Industries in a report on Wednesday, April 13th. They set a “neutral” rating and a $78.00 target price for the company. StockNews.com began coverage on Thor Industries in a research note on Thursday, March 31st. They set a “hold” rating for the company. BMO Capital Markets cut their target price on Thor Industries from $140.00 to $110.00 in a research note on Thursday, April 21st. BNP Paribas lowered Thor Industries from a “neutral” rating to an “underperform” rating and set a $65.00 price target for the company. in a research report on Wednesday, April 13th. Finally, MKM Partners started coverage on Thor Industries in a research report on Thursday, May 5th. They set a “neutral” rating and a $89.00 price target for the company.

Shares of THO traded up $1.51 during mid-day trading on Friday, reaching $81.99. The company had a trading volume of 925,584 shares, compared to its average volume of 1,006,227. Thor Industries has a 52-week low of $73.50 and a 52-week high of $133.37. The company has a quick ratio of 0.80, a current ratio of 1.68 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $4.51 billion, a P/E ratio of 4.96 and a beta of 1.82. The stock has a 50 day moving average of $82.06 and a two-hundred day moving average of $94.12.

Thor Industries (NYSE:THOGet Rating) last issued its earnings results on Wednesday, March 9th. The construction company reported $4.79 EPS for the quarter, topping analysts’ consensus estimates of $3.39 by $1.40. Thor Industries had a return on equity of 30.51% and a net margin of 6.20%. The firm had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter in the prior year, the business earned $2.38 earnings per share. The company’s revenue was up 42.1% compared to the same quarter last year. On average, sell-side analysts expect that Thor Industries will post 17.95 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 20th. Shareholders of record on Wednesday, April 6th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Tuesday, April 5th. Thor Industries’s dividend payout ratio is presently 10.40%.

In other Thor Industries news, Director James L. Ziemer purchased 10,000 shares of the business’s stock in a transaction on Tuesday, April 5th. The shares were bought at an average cost of $80.53 per share, for a total transaction of $805,300.00. Following the completion of the purchase, the director now directly owns 29,835 shares in the company, valued at $2,402,612.55. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.30% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ontario Teachers Pension Plan Board acquired a new stake in shares of Thor Industries during the first quarter worth about $696,000. Weik Capital Management increased its position in shares of Thor Industries by 18.1% during the first quarter. Weik Capital Management now owns 17,290 shares of the construction company’s stock worth $1,361,000 after purchasing an additional 2,645 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Thor Industries by 4.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 495,697 shares of the construction company’s stock valued at $39,012,000 after acquiring an additional 19,869 shares during the period. Clark Estates Inc. NY acquired a new position in Thor Industries in the 1st quarter valued at about $3,463,000. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in Thor Industries in the 1st quarter valued at about $3,691,000. Institutional investors and hedge funds own 93.11% of the company’s stock.

Thor Industries Company Profile (Get Rating)

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.

Further Reading

Analyst Recommendations for Thor Industries (NYSE:THO)

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