James L. Ziemer Buys 3,545 Shares of Thor Industries, Inc. (NYSE:THO) Stock

Thor Industries, Inc. (NYSE:THO) Director James L. Ziemer bought 3,545 shares of the stock in a transaction on Monday, July 8th. The shares were acquired at an average price of $57.23 per share, with a total value of $202,880.35. Following the purchase, the director now owns 15,263 shares of the company’s stock, valued at $873,501.49. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Thor Industries stock opened at $57.11 on Thursday. The business’s 50-day moving average price is $56.18. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 6.68, a P/E/G ratio of 0.79 and a beta of 1.85. The company has a quick ratio of 0.91, a current ratio of 1.54 and a debt-to-equity ratio of 1.07. Thor Industries, Inc. has a one year low of $47.71 and a one 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 consensus estimate of $1.66 by ($0.01). The company had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.60 billion. Thor Industries had a return on equity of 15.53% and a net margin of 1.74%. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.53 EPS. As a group, research analysts expect that Thor Industries, Inc. will post 5.24 earnings per share for the current 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 issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Friday, June 28th. Thor Industries’s payout ratio is currently 18.25%.

THO has been the subject of several recent research reports. Bank of America restated a “sell” rating and set a $74.00 price target on shares of Philip Morris International in a research report on Tuesday, March 26th. ValuEngine lowered shares of Zions Bancorporation NA from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. SunTrust Banks restated a “hold” rating and set a $60.00 price target on shares of Tripadvisor in a research report on Tuesday, June 11th. Zacks Investment Research upgraded shares of Hudson Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, May 29th. Finally, Citigroup lowered their price target on shares of Thor Industries from $78.00 to $70.00 in a research report on Monday, June 17th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $80.44.

Hedge funds have recently bought and sold shares of the stock. Zions Bancorporation N.A. acquired a new stake in Thor Industries in the first quarter worth about $26,000. Princeton Global Asset Management LLC acquired a new stake in Thor Industries in the first quarter worth about $34,000. Resources Investment Advisors Inc. acquired a new stake in Thor Industries in the fourth quarter worth about $30,000. Osborn Williams & Donohoe LLC acquired a new stake in Thor Industries in the first quarter worth about $39,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in Thor Industries in the first quarter worth about $70,000. 86.85% of the stock is owned by institutional investors and hedge funds.

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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