Thor Industries, Inc. (NYSE:THO) Rating Lowered to Sell at BidaskClub
BidaskClub downgraded shares of Thor Industries, Inc. (NYSE:THO) from a hold rating to a sell rating in a research note released on Thursday morning.
A number of other analysts have also commented on the company. Zacks Investment Research raised Thor Industries from a hold rating to a buy rating and set a $103.00 price objective for the company in a report on Wednesday, May 10th. Citigroup Inc. reissued a buy rating and set a $111.00 price objective (down from $117.00) on shares of Thor Industries in a report on Saturday, April 22nd. SunTrust Banks, Inc. set a $125.00 price objective on Thor Industries and gave the stock a buy rating in a report on Thursday, April 20th. Off Wall Street started coverage on Thor Industries in a report on Thursday, June 29th. They issued a sell rating and a $75.00 target price for the company. Finally, BMO Capital Markets reaffirmed a market perform rating and issued a $110.00 target price (up from $97.00) on shares of Thor Industries in a report on Tuesday, June 6th. Two analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $107.06.
Thor Industries (THO) traded down 0.09% on Thursday, reaching $105.30. The company’s stock had a trading volume of 221,624 shares. The company has a market cap of $5.54 billion, a P/E ratio of 16.43 and a beta of 1.40. Thor Industries has a 52-week low of $74.00 and a 52-week high of $115.74. The firm’s 50-day moving average price is $105.38 and its 200 day moving average price is $100.86.
Thor Industries (NYSE:THO) last issued its quarterly earnings data on Monday, June 5th. The construction company reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.24. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.96 billion. Thor Industries had a return on equity of 24.83% and a net margin of 5.11%. The company’s revenue for the quarter was up 56.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.51 EPS. Equities analysts anticipate that Thor Industries will post $6.76 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which was paid on Wednesday, July 12th. Shareholders of record on Friday, June 23rd were given a dividend of $0.33 per share. The ex-dividend date was Wednesday, June 21st. This represents a $1.32 annualized dividend and a dividend yield of 1.25%. Thor Industries’s dividend payout ratio is currently 20.63%.
In related news, Director Alan Siegel sold 1,000 shares of the stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $109.45, for a total value of $109,450.00. Following the sale, the director now owns 4,988 shares in the company, valued at $545,936.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. boosted its position in Thor Industries by 8.6% in the second quarter. Sei Investments Co. now owns 85,328 shares of the construction company’s stock worth $8,919,000 after buying an additional 6,786 shares in the last quarter. Texas Permanent School Fund boosted its position in Thor Industries by 0.8% in the second quarter. Texas Permanent School Fund now owns 34,938 shares of the construction company’s stock worth $3,652,000 after buying an additional 291 shares in the last quarter. World Asset Management Inc boosted its position in Thor Industries by 0.8% in the second quarter. World Asset Management Inc now owns 3,751 shares of the construction company’s stock worth $392,000 after buying an additional 29 shares in the last quarter. Barnett & Company Inc. boosted its position in Thor Industries by 0.9% in the second quarter. Barnett & Company Inc. now owns 10,740 shares of the construction company’s stock worth $1,123,000 after buying an additional 100 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its position in Thor Industries by 9.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 470,000 shares of the construction company’s stock worth $49,124,000 after buying an additional 40,000 shares in the last quarter. 90.42% of the stock is currently owned by institutional investors and hedge funds.
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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