Thor Industries, Inc. (NYSE:THO) has earned an average rating of “Hold” from the fourteen brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $116.14.
Several equities research analysts have issued reports on the stock. ValuEngine lowered shares of Thor Industries from a “hold” rating to a “sell” rating in a research note on Saturday, May 12th. Zacks Investment Research upgraded shares of Thor Industries from a “sell” rating to a “hold” rating in a research note on Friday, June 8th. Aegis upgraded shares of Thor Industries from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research note on Thursday, March 8th. They noted that the move was a valuation call. Northcoast Research reiterated a “hold” rating on shares of Thor Industries in a research note on Tuesday, February 27th. Finally, BMO Capital Markets upgraded shares of Thor Industries from a “market perform” rating to an “outperform” rating and set a $102.00 price target on the stock in a research note on Tuesday, May 1st.
THO stock traded down $2.13 during midday trading on Monday, hitting $100.03. The company’s stock had a trading volume of 797,912 shares, compared to its average volume of 1,097,438. The company has a current ratio of 1.67, a quick ratio of 0.96 and a debt-to-equity ratio of 0.04. Thor Industries has a twelve month low of $89.89 and a twelve month high of $161.48. The firm has a market capitalization of $5.38 billion, a P/E ratio of 14.11 and a beta of 1.30.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Monday, July 2nd will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, June 29th. This represents a $1.48 annualized dividend and a dividend yield of 1.48%. Thor Industries’s dividend payout ratio is presently 20.87%.
Thor Industries declared that its board has authorized a stock repurchase program on Wednesday, June 20th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 4.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
Several institutional investors have recently added to or reduced their stakes in the company. Bluestein R H & Co. increased its stake in shares of Thor Industries by 7.1% during the 4th quarter. Bluestein R H & Co. now owns 6,025 shares of the construction company’s stock worth $908,000 after purchasing an additional 400 shares during the last quarter. Amalgamated Bank increased its stake in shares of Thor Industries by 5.5% during the 4th quarter. Amalgamated Bank now owns 10,374 shares of the construction company’s stock worth $1,564,000 after purchasing an additional 544 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Thor Industries by 9.2% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 6,890 shares of the construction company’s stock worth $1,039,000 after purchasing an additional 579 shares during the last quarter. Atria Investments LLC increased its stake in shares of Thor Industries by 20.8% during the 1st quarter. Atria Investments LLC now owns 3,976 shares of the construction company’s stock worth $458,000 after purchasing an additional 684 shares during the last quarter. Finally, Coyle Financial Counsel LLC increased its stake in shares of Thor Industries by 4.6% during the 1st quarter. Coyle Financial Counsel LLC now owns 16,071 shares of the construction company’s stock worth $1,851,000 after purchasing an additional 714 shares during the last quarter. Institutional investors own 88.68% of the company’s stock.
Thor Industries Company Profile
Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles, and related parts and accessories primarily in the United States and Canada. It operates through Towable Recreational Vehicles and Motorized Recreational Vehicles segments. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, and Basecamp trade names, as well as Interstate series of Class B motorhomes; gasoline and diesel Class A and Class C motorhomes under the Four Winds, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, A.C.E., Alante, Precept, Greyhawk, and Redhawk trade names; and luxury Class A motorhomes under Insignia, Aspire, Anthem, and Cornerstone trade names.
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