Thor Industries’ (THO) Buy Rating Reiterated at BMO Capital Markets

BMO Capital Markets reaffirmed their buy rating on shares of Thor Industries (NYSE:THO) in a report released on Wednesday.

Several other equities research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Thor Industries from a hold rating to a sell rating in a research note on Friday, August 31st. Northcoast Research reiterated a buy rating on shares of Thor Industries in a research note on Friday, August 17th. ValuEngine upgraded shares of Thor Industries from a strong sell rating to a sell rating in a research note on Wednesday, September 19th. Sidoti lowered their price target on shares of Thor Industries from $148.00 to $144.00 and set a buy rating on the stock in a research note on Friday, August 10th. Finally, Robert W. Baird reiterated a buy rating and issued a $95.00 price target on shares of Thor Industries in a research note on Monday, October 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $118.57.

Shares of NYSE:THO opened at $69.92 on Wednesday. Thor Industries has a 12 month low of $63.48 and a 12 month high of $161.48. The company has a current ratio of 1.71, a quick ratio of 1.01 and a debt-to-equity ratio of 0.04. The firm has a market cap of $3.71 billion, a P/E ratio of 8.22 and a beta of 1.42.

Thor Industries (NYSE:THO) last issued its quarterly earnings data on Thursday, September 20th. The construction company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $2.03 by ($0.36). Thor Industries had a return on equity of 24.97% and a net margin of 5.16%. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the previous year, the business earned $2.26 earnings per share. The company’s revenue was down 3.2% on a year-over-year basis. Research analysts predict that Thor Industries will post 8.14 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 9th. Shareholders of record on Thursday, October 25th were paid a $0.39 dividend. This is a positive change from Thor Industries’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 2.23%. The ex-dividend date was Wednesday, October 24th. Thor Industries’s payout ratio is presently 18.25%.

In other Thor Industries news, Director James L. Ziemer purchased 5,000 shares of the stock in a transaction on Tuesday, October 9th. The shares were purchased at an average cost of $81.74 per share, for a total transaction of $408,700.00. Following the purchase, the director now owns 14,000 shares of the company’s stock, valued at $1,144,360. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.20% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Private Capital Group LLC increased its stake in shares of Thor Industries by 351.7% during the 2nd quarter. Private Capital Group LLC now owns 1,084 shares of the construction company’s stock worth $105,000 after purchasing an additional 844 shares during the last quarter. Itau Unibanco Holding S.A. increased its stake in shares of Thor Industries by 282.9% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 1,589 shares of the construction company’s stock worth $155,000 after purchasing an additional 1,174 shares during the last quarter. Hanson & Doremus Investment Management acquired a new position in shares of Thor Industries during the 3rd quarter worth about $139,000. First Mercantile Trust Co. increased its stake in shares of Thor Industries by 436.8% during the 3rd quarter. First Mercantile Trust Co. now owns 1,825 shares of the construction company’s stock worth $153,000 after purchasing an additional 1,485 shares during the last quarter. Finally, Smithfield Trust Co. increased its stake in shares of Thor Industries by 2,051.1% during the 2nd quarter. Smithfield Trust Co. now owns 1,936 shares of the construction company’s stock worth $189,000 after purchasing an additional 1,846 shares during the last quarter. Institutional investors own 89.11% of the company’s stock.

About Thor Industries

Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories primarily in the United States and Canada. It operates in two segments, Towable Recreational Vehicles and Motorized Recreational Vehicles. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, Basecamp, and Nest travel trade names, as well as Interstate series of Class B motorhomes; and gasoline and diesel Class A and Class C motorhomes under the Four Winds, Freedom Elite, Majestic, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, and A.C.E trade names.

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Analyst Recommendations for Thor Industries (NYSE:THO)

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