Zacks Research Raises Earnings Estimates for Thor Industries

Thor Industries, Inc. (NYSE:THO) – Equities researchers at Zacks Research boosted their FY2025 EPS estimates for shares of Thor Industries in a research note issued to investors on Wednesday, July 30th. Zacks Research analyst R. Department now forecasts that the construction company will post earnings of $4.36 per share for the year, up from their prior forecast of $4.07. The consensus estimate for Thor Industries’ current full-year earnings is $4.64 per share.

Several other research analysts have also issued reports on THO. Baird R W lowered Thor Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Wall Street Zen upgraded Thor Industries from a “sell” rating to a “hold” rating in a report on Friday, June 6th. DA Davidson raised shares of Thor Industries to a “hold” rating in a research report on Monday, April 14th. Roth Capital set a $77.00 price objective on shares of Thor Industries and gave the stock a “neutral” rating in a report on Monday, June 9th. Finally, Robert W. Baird lowered shares of Thor Industries from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $100.00 to $85.00 in a research note on Friday, April 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Thor Industries currently has an average rating of “Hold” and an average price target of $87.63.

Thor Industries Stock Performance

Shares of Thor Industries stock opened at $90.86 on Thursday. The business has a 50-day simple moving average of $88.67 and a 200 day simple moving average of $86.77. Thor Industries has a one year low of $63.15 and a one year high of $118.85. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.71 and a quick ratio of 0.90. The firm has a market capitalization of $4.83 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 1.91 and a beta of 1.21.

Thor Industries (NYSE:THO) last posted its quarterly earnings results on Wednesday, June 4th. The construction company reported $2.53 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.74. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.60 billion. Thor Industries had a net margin of 2.32% and a return on equity of 6.15%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.13 earnings per share.

Thor Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were paid a $0.50 dividend. The ex-dividend date was Tuesday, July 1st. This represents a $2.00 annualized dividend and a dividend yield of 2.2%. Thor Industries’s dividend payout ratio is presently 47.96%.

Thor Industries announced that its board has approved a share buyback program on Monday, June 23rd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 8.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other news, Director Peter Busch Orthwein bought 3,000 shares of the stock in a transaction dated Friday, June 20th. The stock was bought at an average price of $85.40 per share, for a total transaction of $256,200.00. Following the completion of the acquisition, the director directly owned 136,400 shares in the company, valued at approximately $11,648,560. This trade represents a 2.25% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Thor Industries

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Thor Industries by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 5,376,681 shares of the construction company’s stock worth $407,606,000 after buying an additional 326,584 shares in the last quarter. ACR Alpine Capital Research LLC lifted its holdings in Thor Industries by 62.5% during the first quarter. ACR Alpine Capital Research LLC now owns 3,482,917 shares of the construction company’s stock worth $264,040,000 after acquiring an additional 1,339,951 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Thor Industries by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,959,547 shares of the construction company’s stock worth $224,364,000 after acquiring an additional 29,012 shares during the period. Timucuan Asset Management Inc. FL boosted its position in Thor Industries by 20.1% in the first quarter. Timucuan Asset Management Inc. FL now owns 2,448,401 shares of the construction company’s stock worth $185,613,000 after purchasing an additional 409,636 shares during the last quarter. Finally, Southpoint Capital Advisors LP grew its stake in Thor Industries by 106.2% in the 1st quarter. Southpoint Capital Advisors LP now owns 1,250,000 shares of the construction company’s stock valued at $94,762,000 after purchasing an additional 643,851 shares during the period. 96.71% of the stock is owned by institutional investors.

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.