ValuEngine upgraded shares of Thor Industries (NYSE:THO) from a hold rating to a buy rating in a research note released on Sunday morning.

A number of other research firms also recently issued reports on THO. Aegis reissued a hold rating and set a $130.00 price target (up previously from $113.00) on shares of Thor Industries in a research report on Saturday, September 30th. Argus downgraded Thor Industries from a buy rating to a hold rating in a research report on Friday, December 8th. BMO Capital Markets raised their price objective on Thor Industries to $150.00 and gave the company a market perform rating in a research report on Tuesday, November 28th. Zacks Investment Research downgraded Thor Industries from a buy rating to a hold rating in a research report on Friday, September 22nd. Finally, Northcoast Research reaffirmed a buy rating and set a $145.00 price objective (up previously from $134.00) on shares of Thor Industries in a research report on Monday, September 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $124.33.

Thor Industries (NYSE THO) traded down $0.13 on Friday, hitting $155.48. The stock had a trading volume of 372,916 shares, compared to its average volume of 556,205. Thor Industries has a fifty-two week low of $87.96 and a fifty-two week high of $157.50. The company has a quick ratio of 0.91, a current ratio of 1.50 and a debt-to-equity ratio of 0.05. The company has a market cap of $8,230.00, a P/E ratio of 19.36 and a beta of 1.45.

Thor Industries (NYSE:THO) last posted its quarterly earnings results on Monday, November 27th. The construction company reported $2.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.59. Thor Industries had a return on equity of 27.76% and a net margin of 5.46%. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the prior year, the company earned $1.49 EPS. The business’s revenue was up 30.6% compared to the same quarter last year. equities analysts forecast that Thor Industries will post 9.1 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 9th. Investors of record on Tuesday, December 26th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Friday, December 22nd. Thor Industries’s payout ratio is currently 18.43%.

In related news, Director Alan Siegel sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $153.75, for a total transaction of $153,750.00. Following the sale, the director now owns 4,988 shares of the company’s stock, valued at $766,905. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 6.60% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Sterling Investment Advisors Ltd. purchased a new stake in Thor Industries in the second quarter valued at about $105,000. Fiduciary Trust Co. purchased a new stake in Thor Industries in the second quarter valued at about $133,000. Sigma Planning Corp purchased a new stake in Thor Industries in the third quarter valued at about $202,000. Guardian Capital LP purchased a new stake in Thor Industries in the third quarter valued at about $204,000. Finally, Optimum Investment Advisors purchased a new stake in Thor Industries in the third quarter valued at about $205,000. Institutional investors own 88.34% of the company’s stock.

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About Thor Industries

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Thor Industries (NYSE:THO)

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