Zacks Research Raises Earnings Estimates for Thor Industries

Key Points

• Zacks Research has increased its FY2025 earnings per share estimate for Thor Industries from $4.07 to $4.36, while the consensus estimate for full-year earnings is $4.64.
• Thor Industries reported earnings of $2.53 per share in its latest quarter, significantly exceeding the consensus estimate of $1.79, and achieved revenue of $2.89 billion.
• The company recently approved a $400 million share buyback plan, allowing it to repurchase up to 8.8% of its shares, indicating a belief that its stock is undervalued.

Thor Industries, Inc. (NYSE:THO - Free Report) - Analysts at Zacks Research raised their FY2025 earnings per share (EPS) estimates for shares of Thor Industries in a note issued to investors on Wednesday, July 30th. Zacks Research analyst R. Department now expects that the construction company will post earnings of $4.36 per share for the year, up from their prior estimate of $4.07. The consensus estimate for Thor Industries' current full-year earnings is $4.64 per share.

Thor Industries (NYSE:THO - Get Free Report) last issued its earnings results on Wednesday, June 4th. The construction company reported $2.53 earnings per share for the quarter, topping analysts' consensus estimates of $1.79 by $0.74. Thor Industries had a return on equity of 6.15% and a net margin of 2.32%. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the previous year, the firm earned $2.13 EPS. Thor Industries's revenue was up 3.3% on a year-over-year basis.

THO has been the subject of a number of other reports. Roth Capital set a $77.00 price target on Thor Industries and gave the company a "neutral" rating in a research note on Monday, June 9th. KeyCorp upgraded Thor Industries from an "underweight" rating to a "sector weight" rating in a research note on Friday. Truist Financial boosted their price objective on Thor Industries from $72.00 to $78.00 and gave the company a "hold" rating in a research note on Tuesday, June 3rd. DA Davidson upgraded Thor Industries to a "hold" rating in a research note on Monday, April 14th. Finally, Wall Street Zen upgraded Thor Industries from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $87.63.

Thor Industries Stock Performance

Shares of Thor Industries stock traded up $2.28 during trading hours on Thursday, reaching $93.59. 121,788 shares of the stock traded hands, compared to its average volume of 771,343. The company has a 50 day moving average price of $88.90 and a 200 day moving average price of $86.51. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 22.45, a P/E/G ratio of 1.81 and a beta of 1.21. Thor Industries has a one year low of $63.15 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 declared that its board has initiated a share repurchase program on Monday, June 23rd that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the construction company to reacquire up to 8.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its shares are undervalued.

Thor Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.1%. The ex-dividend date was Tuesday, July 1st. Thor Industries's dividend payout ratio is presently 47.96%.

Insiders Place Their Bets

In other Thor Industries news, Director Peter Busch Orthwein purchased 3,000 shares of the company's stock in a transaction on Friday, June 20th. The stock was acquired at an average cost of $85.40 per share, for a total transaction of $256,200.00. Following the purchase, the director directly owned 136,400 shares of the company's stock, valued at $11,648,560. This trade represents a 2.25% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.50% of the stock is owned by insiders.

Institutional Trading of Thor Industries

Several hedge funds have recently modified their holdings of THO. LPL Financial LLC raised its holdings in shares of Thor Industries by 7.2% during the 4th quarter. LPL Financial LLC now owns 40,367 shares of the construction company's stock worth $3,864,000 after acquiring an additional 2,708 shares in the last quarter. Norges Bank bought a new position in Thor Industries in the 4th quarter valued at $54,754,000. Pictet Asset Management Holding SA grew its position in Thor Industries by 20.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 8,236 shares of the construction company's stock valued at $788,000 after acquiring an additional 1,392 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in Thor Industries by 369.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company's stock valued at $40,000 after acquiring an additional 329 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in Thor Industries by 0.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 15,971 shares of the construction company's stock valued at $1,529,000 after acquiring an additional 112 shares during the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

About Thor Industries

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.