Thor Industries, Inc. (THO) Given Consensus Recommendation of “Buy” by Analysts

Shares of Thor Industries, Inc. (NYSE:THO) have been assigned a consensus rating of “Buy” from the fourteen research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $105.86.

THO has been the topic of a number of recent research reports. SunTrust Banks reaffirmed a “buy” rating and set a $85.00 price objective on shares of Thor Industries in a research note on Thursday, December 6th. Robert W. Baird reissued a “buy” rating and issued a $95.00 target price on shares of Thor Industries in a research note on Monday, October 29th. Citigroup cut their target price on Thor Industries from $130.00 to $102.00 and set a “buy” rating on the stock in a research note on Thursday, October 4th. Zacks Investment Research upgraded shares of Thor Industries from a “sell” rating to a “hold” rating in a report on Saturday, September 22nd. Finally, BMO Capital Markets decreased their price objective on shares of Thor Industries to $78.00 and set an “outperform” rating for the company in a report on Monday, December 10th.

Shares of THO stock traded up $0.09 on Friday, reaching $59.72. The company’s stock had a trading volume of 807,512 shares, compared to its average volume of 1,058,202. Thor Industries has a 12-month low of $47.71 and a 12-month high of $161.48. The company has a market capitalization of $3.19 billion, a PE ratio of 6.98 and a beta of 1.60.



Thor Industries (NYSE:THO) last released its quarterly earnings results on Thursday, December 6th. The construction company reported $1.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.67 by ($0.39). Thor Industries had a net margin of 4.02% and a return on equity of 21.09%. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the business earned $2.43 EPS. The company’s revenue for the quarter was down 21.3% on a year-over-year basis. Sell-side analysts predict that Thor Industries will post 6.04 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, January 10th. Shareholders of record on Thursday, December 27th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend was Wednesday, December 26th. Thor Industries’s dividend payout ratio (DPR) is presently 18.25%.

In other news, Director Jan Suwinski acquired 2,000 shares of the business’s stock in a transaction on Tuesday, December 11th. The stock was bought at an average price of $58.20 per share, for a total transaction of $116,400.00. Following the transaction, the director now owns 18,263 shares in the company, valued at $1,062,906.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Peter Busch Orthwein sold 5,028 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $69.63, for a total transaction of $350,099.64. The disclosure for this sale can be found here. Corporate insiders own 4.20% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in THO. Belpointe Asset Management LLC purchased a new position in shares of Thor Industries during the 3rd quarter worth about $110,000. Itau Unibanco Holding S.A. raised its stake in shares of Thor Industries by 282.9% during the second quarter. Itau Unibanco Holding S.A. now owns 1,589 shares of the construction company’s stock valued at $155,000 after purchasing an additional 1,174 shares during the period. Hanson & Doremus Investment Management purchased a new stake in shares of Thor Industries during the third quarter valued at approximately $139,000. First Mercantile Trust Co. raised its stake in shares of Thor Industries by 436.8% during the third quarter. First Mercantile Trust Co. now owns 1,825 shares of the construction company’s stock valued at $153,000 after purchasing an additional 1,485 shares during the period. Finally, Smith Salley & Associates acquired a new stake in shares of Thor Industries during the third quarter worth approximately $201,000. 85.96% of the stock is currently owned by institutional investors.

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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