Alan Siegel Sells 1,000 Shares of Thor Industries, Inc. (THO) Stock
Thor Industries, Inc. (NYSE:THO) Director Alan Siegel sold 1,000 shares of Thor Industries stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $153.75, for a total transaction of $153,750.00. Following the completion of the transaction, the director now owns 4,988 shares in the company, valued at approximately $766,905. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Thor Industries, Inc. (THO) opened at $149.96 on Wednesday. The stock has a market cap of $7,830.00, a price-to-earnings ratio of 18.88 and a beta of 1.45. The company has a quick ratio of 0.91, a current ratio of 1.50 and a debt-to-equity ratio of 0.05. Thor Industries, Inc. has a 52 week low of $87.96 and a 52 week high of $156.86.
Thor Industries (NYSE:THO) last released its earnings results on Monday, November 27th. The construction company reported $2.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.59. Thor Industries had a net margin of 5.46% and a return on equity of 27.76%. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the previous year, the business earned $1.49 EPS. The business’s revenue was up 30.6% on a year-over-year basis. research analysts forecast that Thor Industries, Inc. will post 8.95 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 24th were issued a dividend of $0.37 per share. This is an increase from Thor Industries’s previous quarterly dividend of $0.33. The ex-dividend date was Monday, October 23rd. This represents a $1.48 annualized dividend and a dividend yield of 0.99%. Thor Industries’s payout ratio is presently 18.43%.
Several research firms have issued reports on THO. BMO Capital Markets lifted their price target on shares of Thor Industries to $150.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 28th. Robert W. Baird reiterated a “buy” rating and set a $136.00 price objective on shares of Thor Industries in a research report on Wednesday, November 1st. Aegis reiterated a “hold” rating and set a $130.00 price objective (up from $113.00) on shares of Thor Industries in a research report on Saturday, September 30th. Stifel Nicolaus reiterated a “hold” rating and set a $114.00 price objective (up from $110.00) on shares of Thor Industries in a research report on Saturday, September 30th. Finally, Citigroup lifted their price objective on shares of Thor Industries from $118.00 to $146.00 and gave the stock a “buy” rating in a research report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $124.33.
Large investors have recently bought and sold shares of the company. Sit Investment Associates Inc. increased its holdings in shares of Thor Industries by 26.9% during the 3rd quarter. Sit Investment Associates Inc. now owns 37,600 shares of the construction company’s stock worth $4,734,000 after purchasing an additional 7,975 shares during the period. Hancock Holding Co. increased its stake in Thor Industries by 349.8% in the second quarter. Hancock Holding Co. now owns 139,189 shares of the construction company’s stock valued at $14,549,000 after acquiring an additional 108,247 shares during the period. Public Employees Retirement System of Ohio increased its stake in Thor Industries by 34.5% in the second quarter. Public Employees Retirement System of Ohio now owns 37,259 shares of the construction company’s stock valued at $3,894,000 after acquiring an additional 9,553 shares during the period. BNP Paribas Arbitrage SA increased its stake in Thor Industries by 114.2% in the third quarter. BNP Paribas Arbitrage SA now owns 160,300 shares of the construction company’s stock valued at $20,183,000 after acquiring an additional 85,463 shares during the period. Finally, IFP Advisors Inc increased its stake in Thor Industries by 14.5% in the third quarter. IFP Advisors Inc now owns 6,852 shares of the construction company’s stock valued at $863,000 after acquiring an additional 868 shares during the period. Institutional investors own 88.63% of the company’s stock.
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Thor Industries Company Profile
Thor Industries, Inc manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. The Company’s segments include towable recreational vehicles, which consists of the operations of Airstream, Inc (Airstream) (towable); Heartland Recreational Vehicles, LLC (Heartland) (including Bison Coach, LLC (Bison), Cruiser RV, LLC (CRV) and DRV, LLC (DRV)); Jayco, Corp.
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