Thor Industries, Inc. (NYSE:THO) Director Peter Busch Orthwein Buys 3,000 Shares

Thor Industries, Inc. (NYSE:THO - Get Free Report) Director Peter Busch Orthwein bought 3,000 shares of the stock in a transaction dated Friday, June 20th. The stock was purchased at an average price of $85.40 per share, with a total value of $256,200.00. Following the acquisition, the director now directly owns 136,400 shares in the company, valued at approximately $11,648,560. The trade was a 2.25% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Thor Industries Trading Up 1.9%

NYSE:THO traded up $1.60 during midday trading on Monday, hitting $86.96. The stock had a trading volume of 463,616 shares, compared to its average volume of 666,893. The stock has a 50-day moving average of $79.21 and a 200 day moving average of $87.98. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 1.78 and a beta of 1.21. Thor Industries, Inc. has a one year low of $63.16 and a one year high of $118.85. The company has a quick ratio of 0.90, a current ratio of 1.71 and a debt-to-equity ratio of 0.24.

Thor Industries (NYSE:THO - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The construction company reported $2.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.79 by $0.74. The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.60 billion. Thor Industries had a return on equity of 5.84% and a net margin of 2.32%. The business's revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.13 EPS. As a group, sell-side analysts forecast that Thor Industries, Inc. will post 4.64 EPS for the current year.

Thor Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.30%. The ex-dividend date is Tuesday, July 1st. Thor Industries's payout ratio is 47.96%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on THO. Roth Capital set a $77.00 price objective on shares of Thor Industries and gave the stock a "neutral" rating in a research report on Monday, June 9th. Truist Financial upped their target price on Thor Industries from $72.00 to $78.00 and gave the company a "hold" rating in a research note on Tuesday, June 3rd. KeyCorp raised their price target on Thor Industries from $60.00 to $65.00 and gave the stock an "underweight" rating in a research note on Friday, May 30th. Bank of America upgraded Thor Industries from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $110.00 to $125.00 in a report on Monday, March 3rd. Finally, Robert W. Baird lowered Thor Industries from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $100.00 to $85.00 in a research note on Friday, April 4th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Thor Industries currently has a consensus rating of "Hold" and a consensus price target of $87.63.

Institutional Investors Weigh In On Thor Industries

Several large investors have recently modified their holdings of the business. Voya Investment Management LLC boosted its stake in shares of Thor Industries by 2.9% during the first quarter. Voya Investment Management LLC now owns 6,356 shares of the construction company's stock valued at $482,000 after purchasing an additional 179 shares in the last quarter. eCIO Inc. purchased a new stake in Thor Industries during the first quarter worth $62,000. Inspire Investing LLC boosted its position in Thor Industries by 13.0% during the 1st quarter. Inspire Investing LLC now owns 5,225 shares of the construction company's stock valued at $396,000 after acquiring an additional 600 shares in the last quarter. Strs Ohio purchased a new position in shares of Thor Industries in the 1st quarter valued at $1,375,000. Finally, Belpointe Asset Management LLC increased its holdings in shares of Thor Industries by 23.4% in the 1st quarter. Belpointe Asset Management LLC now owns 5,671 shares of the construction company's stock valued at $430,000 after acquiring an additional 1,077 shares during the period. Institutional investors own 96.71% of the company's stock.

Thor Industries Company Profile

THOR Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.

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