Thor Industries - THO Stock Forecast, Price & News

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. It also provides aluminum extrusion and specialized component products to RV and other manufacturers; and digital products and services for RVs. The company provides its products through independent and non-franchise dealers. The company was founded in 1980 and is based in Elkhart, Indiana.

Thor Industries Stock Performance

NYSE:THO traded up $1.48 on Friday, hitting $91.86. The stock had a trading volume of 436,416 shares, compared to its average volume of 1,022,663. The company's 50-day moving average is $79.68 and its two-hundred day moving average is $82.64. The company has a quick ratio of 0.82, a current ratio of 1.70 and a debt-to-equity ratio of 0.58. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 4.62 and a beta of 1.72. Thor Industries has a one year low of $66.26 and a one year high of $128.87.

Thor Industries (NYSE:THO - Get Rating) last released its earnings results on Wednesday, June 8th. The construction company reported $6.32 EPS for the quarter, beating the consensus estimate of $4.97 by $1.35. Thor Industries had a net margin of 6.76% and a return on equity of 34.04%. The business had revenue of $4.66 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same period in the prior year, the business earned $3.29 earnings per share. The business's quarterly revenue was up 34.6% on a year-over-year basis. On average, analysts expect that Thor Industries will post 19.16 earnings per share for the current year.

Thor Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 19th. Investors of record on Tuesday, July 5th were given a $0.43 dividend. The ex-dividend date of this dividend was Friday, July 1st. This represents a $1.72 annualized dividend and a dividend yield of 1.87%. Thor Industries's dividend payout ratio (DPR) is presently 8.79%.

Analysts Set New Price Targets

Several equities analysts have issued reports on THO shares. Robert W. Baird dropped their price objective on Thor Industries from $120.00 to $100.00 and set an "outperform" rating on the stock in a report on Thursday, June 9th. DA Davidson downgraded shares of Thor Industries from a "neutral" rating to an "underperform" rating and set a $60.00 price objective for the company. in a research report on Thursday, May 19th. MKM Partners started coverage on shares of Thor Industries in a research report on Thursday, May 5th. They issued a "neutral" rating and a $89.00 price objective for the company. Citigroup reduced their price target on shares of Thor Industries from $92.00 to $86.00 and set a "neutral" rating for the company in a research report on Tuesday, April 19th. Finally, BMO Capital Markets reduced their price target on shares of Thor Industries from $110.00 to $95.00 in a research report on Monday, May 16th. Three analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Thor Industries currently has a consensus rating of "Hold" and a consensus target price of $86.11.

Insider Activity at Thor Industries

In related news, Director Peter Busch Orthwein bought 3,000 shares of the business's stock in a transaction on Wednesday, June 29th. The stock was bought at an average price of $76.00 per share, for a total transaction of $228,000.00. Following the transaction, the director now directly owns 133,400 shares in the company, valued at $10,138,400. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Peter Busch Orthwein bought 3,000 shares of the stock in a transaction that occurred on Wednesday, June 29th. The shares were acquired at an average cost of $76.00 per share, for a total transaction of $228,000.00. Following the purchase, the director now owns 133,400 shares of the company's stock, valued at approximately $10,138,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO W. Todd Woelfer purchased 1,225 shares of the firm's stock in a transaction on Tuesday, July 12th. The stock was bought at an average price of $81.55 per share, for a total transaction of $99,898.75. Following the completion of the transaction, the chief operating officer now directly owns 70,325 shares in the company, valued at $5,735,003.75. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 14,225 shares of company stock worth $1,077,899. 4.30% of the stock is owned by corporate insiders.