Shares of Thor Industries, Inc. (NYSE:THO) have been given a consensus recommendation of “Hold” by the thirteen brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $134.75.
THO has been the topic of several research analyst reports. KeyCorp lowered Thor Industries from an “overweight” rating to a “sector weight” rating in a research note on Monday, October 25th. Truist dropped their price objective on Thor Industries from $142.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, December 9th. The analyst attributes his reduced price target to expectations of difficult retail comparisons, faster-than-anticipated inventory replenishment, and the likelihood of easing margins over coming quarters. Longer term however, Thor should continue to benefit from a multi-quarter restocking dynamic and historically-elevated margins, Swartz tells investors in a research note, adding that at below 5-times expected FY22 EBITDA, the risk-reward on the stock “remains attractive”. BMO Capital Markets upped their price objective on Thor Industries from $166.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 9th. Truist Securities dropped their price objective on Thor Industries from $142.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, December 9th. Finally, Wedbush increased their target price on Thor Industries from $126.00 to $140.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 29th.
In other news, Director Andrew E. Graves acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 4th. The shares were bought at an average price of $104.74 per share, with a total value of $209,480.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Peter Busch Orthwein acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 10th. The shares were purchased at an average cost of $103.41 per share, for a total transaction of $1,034,100.00. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 12,500 shares of company stock worth $1,294,025. Company insiders own 4.30% of the company’s stock.
Shares of THO stock traded down $4.17 on Friday, hitting $98.45. 24,387 shares of the stock were exchanged, compared to its average volume of 696,065. The business has a 50-day moving average of $105.43 and a 200 day moving average of $110.89. Thor Industries has a fifty-two week low of $92.20 and a fifty-two week high of $152.20. The company has a current ratio of 1.58, a quick ratio of 0.76 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $5.48 billion, a P/E ratio of 7.01 and a beta of 2.02.
Thor Industries (NYSE:THO) last issued its quarterly earnings results on Wednesday, December 8th. The construction company reported $4.34 EPS for the quarter, beating the consensus estimate of $3.10 by $1.24. Thor Industries had a return on equity of 27.58% and a net margin of 5.74%. The firm had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.46 billion. During the same period in the prior year, the firm posted $2.05 earnings per share. The business’s quarterly revenue was up 56.0% compared to the same quarter last year. As a group, research analysts forecast that Thor Industries will post 15.37 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 13th. Shareholders of record on Thursday, December 30th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Wednesday, December 29th. This represents a $1.72 dividend on an annualized basis and a yield of 1.75%. Thor Industries’s dividend payout ratio (DPR) is presently 12.17%.
Thor Industries announced that its Board of Directors has authorized a share buyback plan on Tuesday, December 21st that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the construction company to buy up to 4.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
About Thor Industries
Thor Industries, Inc engages in the manufacture and sale of recreational vehicles. It operates through the following segments: North American Towable Recreational Vehicles; North American Motorized Recreational Vehicles; and European Recreational Vehicles. The North American Towable Recreational Vehicles segment includes operating entities such as Airstream, Heartland, Jayco, Keystone, and KZ.
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