Insider Buying: Thor Industries, Inc. (NYSE:THO) Director Buys $202,880.35 in Stock

Thor Industries, Inc. (NYSE:THO) Director James L. Ziemer purchased 3,545 shares of the stock in a transaction dated Monday, July 8th. The stock was purchased at an average cost of $57.23 per share, for a total transaction of $202,880.35. Following the completion of the acquisition, the director now owns 15,263 shares of the company’s stock, valued at approximately $873,501.49. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

THO stock opened at $57.26 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.91 and a current ratio of 1.54. The stock has a 50 day moving average of $56.21. The company has a market capitalization of $3.14 billion, a PE ratio of 6.70, a price-to-earnings-growth ratio of 0.79 and a beta of 1.85. Thor Industries, Inc. has a 1-year low of $47.71 and a 1-year high of $109.94.

Thor Industries (NYSE:THO) last posted its quarterly earnings data on Monday, June 10th. The construction company reported $1.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by ($0.01). The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.60 billion. Thor Industries had a return on equity of 15.53% and a net margin of 1.74%. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter last year, the company posted $2.53 earnings per share. Equities analysts anticipate that Thor Industries, Inc. will post 5.24 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Friday, June 28th. Thor Industries’s dividend payout ratio (DPR) is 18.25%.

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its position in Thor Industries by 5.3% during the first quarter. BlackRock Inc. now owns 4,632,711 shares of the construction company’s stock valued at $288,945,000 after acquiring an additional 231,869 shares during the last quarter. Vanguard Group Inc grew its position in Thor Industries by 1.0% during the third quarter. Vanguard Group Inc now owns 4,409,980 shares of the construction company’s stock valued at $369,116,000 after acquiring an additional 45,427 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in Thor Industries by 51.2% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,057,800 shares of the construction company’s stock valued at $128,345,000 after acquiring an additional 696,621 shares during the last quarter. Janus Henderson Group PLC grew its position in Thor Industries by 4.8% during the first quarter. Janus Henderson Group PLC now owns 1,379,117 shares of the construction company’s stock valued at $86,016,000 after acquiring an additional 62,997 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Thor Industries by 48.5% during the fourth quarter. American Century Companies Inc. now owns 1,366,347 shares of the construction company’s stock valued at $71,050,000 after acquiring an additional 446,444 shares during the last quarter. Institutional investors own 86.85% of the company’s stock.

A number of equities research analysts have recently issued reports on THO shares. Zacks Investment Research raised shares of Hudson Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. Bank of America reissued a “sell” rating and issued a $74.00 price target on shares of Philip Morris International in a report on Tuesday, March 26th. Citigroup lowered their price target on shares of Thor Industries from $78.00 to $70.00 in a report on Monday, June 17th. ValuEngine downgraded shares of Zions Bancorporation NA from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Finally, Jefferies Financial Group set a $106.00 price target on shares of Churchill Downs and gave the stock a “buy” rating in a report on Thursday, March 28th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $80.44.

Thor Industries Company Profile

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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