Thor Industries Inc. (THO) Price Target Increased to $102.00 by Analysts at BMO Capital Markets
Thor Industries Inc. (NYSE:THO) had its price target raised by BMO Capital Markets from $80.00 to $102.00 in a report released on Tuesday. BMO Capital Markets currently has a market perform rating on the stock.
A number of other analysts have also recently issued reports on the stock. Vetr cut shares of Thor Industries from a strong-buy rating to a buy rating and set a $95.66 target price for the company. in a research note on Tuesday, November 15th. Argus reiterated a buy rating and issued a $92.00 target price on shares of Thor Industries in a research note on Sunday, October 9th. Zacks Investment Research upgraded shares of Thor Industries from a hold rating to a buy rating and set a $96.00 target price for the company in a research note on Thursday, October 6th. Wellington Shields upgraded shares of Thor Industries from a gradually accumulate rating to a buy rating in a research note on Wednesday, September 28th. Finally, Great Lakes Dredge & Dock Corp. upgraded shares of Thor Industries to a buy rating in a research note on Wednesday, September 28th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $86.18.
Thor Industries (NYSE:THO) opened at 101.84 on Tuesday. Thor Industries has a one year low of $47.56 and a one year high of $91.99. The firm has a market capitalization of $5.34 billion, a price-to-earnings ratio of 20.86 and a beta of 1.21. The firm’s 50-day moving average is $82.33 and its 200 day moving average is $75.91.
Thor Industries (NYSE:THO) last posted its earnings results on Monday, November 28th. The company reported $1.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.26. The firm earned $1.71 billion during the quarter. Thor Industries had a net margin of 5.41% and a return on equity of 24.38%. Thor Industries’s revenue was up 65.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.97 earnings per share. Analysts forecast that Thor Industries will post $5.88 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, November 7th. Investors of record on Monday, October 24th were given a dividend of $0.33 per share. The ex-dividend date was Thursday, October 20th. This represents a $1.32 dividend on an annualized basis and a yield of 1.30%. This is a positive change from Thor Industries’s previous quarterly dividend of $0.30. Thor Industries’s payout ratio is 24.44%.
In related news, Chairman Peter Busch Orthwein sold 4,672 shares of the business’s stock in a transaction on Thursday, September 29th. The shares were sold at an average price of $85.69, for a total transaction of $400,343.68. Following the transaction, the chairman now owns 1,400,252 shares of the company’s stock, valued at $119,987,593.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.60% of the company’s stock.
A number of institutional investors have recently made changes to their positions in THO. Ngam Advisors L.P. raised its position in shares of Thor Industries by 47.9% in the second quarter. Ngam Advisors L.P. now owns 189,629 shares of the company’s stock worth $12,277,000 after buying an additional 61,432 shares during the period. TradeLink Capital LLC raised its stake in shares of Thor Industries by 59.6% in the second quarter. TradeLink Capital LLC now owns 5,149 shares of the company’s stock valued at $333,000 after buying an additional 1,922 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Thor Industries by 20.6% in the second quarter. Teacher Retirement System of Texas now owns 6,992 shares of the company’s stock valued at $453,000 after buying an additional 1,196 shares during the period. BB&T Securities LLC raised its stake in shares of Thor Industries by 17.1% in the second quarter. BB&T Securities LLC now owns 37,745 shares of the company’s stock valued at $2,443,000 after buying an additional 5,522 shares during the period. Finally, Oakbrook Investments LLC acquired a new stake in shares of Thor Industries during the second quarter valued at about $280,000. 87.01% of the stock is currently owned by institutional investors and hedge funds.
Thor Industries Company Profile
Thor Industries, Inc (Thor), manufactures and sells various recreational vehicles (RV) throughout the United States and Canada, as well as related parts and accessories. The principal types of The Company’s towable recreational vehicles that the Company produces include conventional travel trailers and fifth wheels.
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