THOR Industries, Inc. (NYSE:THO – Free Report) – Research analysts at DA Davidson issued their Q4 2023 earnings per share estimates for THOR Industries in a research report issued to clients and investors on Monday, September 11th. DA Davidson analyst B. Rolle anticipates that the construction company will post earnings per share of $1.23 for the quarter. The consensus estimate for THOR Industries’ current full-year earnings is $6.16 per share.
A number of other analysts have also recently issued reports on THO. BMO Capital Markets increased their price objective on shares of THOR Industries from $105.00 to $115.00 in a research note on Wednesday, June 7th. Robert W. Baird increased their price target on THOR Industries from $95.00 to $110.00 in a research note on Wednesday, June 7th. Truist Financial boosted their price objective on THOR Industries from $72.00 to $84.00 in a research report on Wednesday, June 7th. Citigroup increased their target price on THOR Industries from $97.00 to $107.00 in a research report on Friday, September 1st. Finally, StockNews.com began coverage on THOR Industries in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat, THOR Industries currently has an average rating of “Hold” and a consensus price target of $95.00.
THOR Industries Trading Down 0.7 %
THOR Industries stock opened at $97.75 on Wednesday. THOR Industries has a 12-month low of $67.09 and a 12-month high of $116.31. The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 9.38 and a beta of 1.87. The firm has a 50 day moving average of $106.80 and a 200 day moving average of $92.43. The company has a current ratio of 1.79, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42.
THOR Industries Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 7th were given a $0.45 dividend. The ex-dividend date was Thursday, July 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.84%. THOR Industries’s dividend payout ratio is currently 17.27%.
Insider Activity at THOR Industries
In other THOR Industries news, SVP Kenneth D. Julian sold 10,000 shares of THOR Industries stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $110.72, for a total value of $1,107,200.00. Following the sale, the senior vice president now owns 30,811 shares of the company’s stock, valued at approximately $3,411,393.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.50% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On THOR Industries
Institutional investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. raised its position in shares of THOR Industries by 14.9% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 10,954 shares of the construction company’s stock valued at $862,000 after buying an additional 1,423 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in THOR Industries by 11.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,174 shares of the construction company’s stock valued at $486,000 after purchasing an additional 629 shares during the period. Private Advisor Group LLC lifted its stake in shares of THOR Industries by 20.9% in the 1st quarter. Private Advisor Group LLC now owns 7,616 shares of the construction company’s stock valued at $599,000 after purchasing an additional 1,319 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of THOR Industries by 39.3% in the 1st quarter. Citigroup Inc. now owns 29,220 shares of the construction company’s stock worth $2,300,000 after purchasing an additional 8,241 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of THOR Industries during the 1st quarter valued at approximately $1,068,000. Institutional investors own 96.52% of the company’s stock.
About THOR Industries
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.
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