Thor Industries, Inc. (NYSE:THO) Given Average Rating of “Hold” by Brokerages

Shares of Thor Industries, Inc. (NYSE:THO) have received a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $80.75.

THO has been the topic of several research reports. Northcoast Research initiated coverage on shares of Thor Industries in a research note on Friday, June 14th. They issued a “buy” rating and a $67.00 price target on the stock. Citigroup reduced their price objective on shares of Thor Industries from $78.00 to $70.00 in a research note on Monday, June 17th. SunTrust Banks reiterated a “buy” rating and set a $80.00 price objective on shares of Thor Industries in a research note on Tuesday, June 11th. Finally, Zacks Investment Research downgraded shares of Thor Industries from a “buy” rating to a “strong sell” rating in a research note on Wednesday, May 29th.

Shares of THO traded up $0.01 during trading hours on Wednesday, hitting $59.60. The company had a trading volume of 578,254 shares, compared to its average volume of 845,496. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 6.97, a price-to-earnings-growth ratio of 0.81 and a beta of 1.85. The stock has a fifty day moving average price of $57.63. Thor Industries has a 12 month low of $47.71 and a 12 month high of $109.94. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.91 and a current ratio of 1.54.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 1st were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.56 dividend on an annualized basis and a yield of 2.62%. Thor Industries’s payout ratio is 18.25%.

In other news, Director James L. Ziemer acquired 3,545 shares of Thor Industries stock in a transaction on Monday, July 8th. The shares were purchased at an average cost of $57.23 per share, for a total transaction of $202,880.35. Following the completion of the purchase, the director now directly owns 15,263 shares of the company’s stock, valued at approximately $873,501.49. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 4.20% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Zions Bancorporation N.A. bought a new position in shares of Thor Industries in the first quarter worth about $26,000. Princeton Global Asset Management LLC bought a new position in shares of Thor Industries in the first quarter worth about $34,000. Osborn Williams & Donohoe LLC bought a new position in shares of Thor Industries in the first quarter worth about $39,000. Cullen Frost Bankers Inc. bought a new position in shares of Thor Industries in the first quarter worth about $70,000. Finally, Exane Derivatives lifted its holdings in shares of Thor Industries by 120.6% in the first quarter. Exane Derivatives now owns 1,403 shares of the construction company’s stock worth $87,000 after acquiring an additional 767 shares during the last quarter. 85.06% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Thor Industries (NYSE:THO)

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