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 Trading Up 2.5 %

Shares of THO Stock traded up $2.18 during trading hours on Thursday, hitting $90.38. 656,226 shares of the company's stock traded hands, compared to its average volume of 1,026,495. The company has a quick ratio of 0.82, a current ratio of 1.70 and a debt-to-equity ratio of 0.58. Thor Industries has a 12 month low of $66.26 and a 12 month high of $128.87. The stock has a market cap of $4.93 billion, a PE ratio of 4.51 and a beta of 1.72. The stock's 50 day simple moving average is $79.40 and its 200 day simple moving average is $82.66.

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

Thor Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 19th. Investors of record on Tuesday, July 5th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.90%. The ex-dividend date was Friday, July 1st. Thor Industries's payout ratio is presently 8.79%.

Analyst Upgrades and Downgrades

THO has been the topic of a number of research analyst reports. Robert W. Baird reduced their target price on Thor Industries from $120.00 to $100.00 and set an "outperform" rating on the stock in a report on Thursday, June 9th. Exane BNP Paribas downgraded Thor Industries from a "neutral" rating to an "underperform" rating and set a $65.00 target price for the company. in a research note on Wednesday, April 13th. Citigroup dropped their target price on shares of Thor Industries from $92.00 to $86.00 and set a "neutral" rating for the company in a report on Tuesday, April 19th. BNP Paribas cut shares of Thor Industries from a "neutral" rating to an "underperform" rating and set a $65.00 price objective for the company. in a research report on Wednesday, April 13th. Finally, DA Davidson cut shares of Thor Industries from a "neutral" rating to an "underperform" rating and set a $60.00 target price on the stock. in a research note on Thursday, May 19th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Thor Industries has a consensus rating of "Hold" and a consensus target price of $86.11.

Insiders Place Their Bets

In other news, COO W. Todd Woelfer purchased 1,225 shares of the company's stock in a transaction dated Tuesday, July 12th. The shares were purchased at an average price of $81.55 per share, for a total transaction of $99,898.75. Following the transaction, the chief operating officer now owns 70,325 shares of the company's stock, valued at $5,735,003.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, COO W. Todd Woelfer purchased 1,225 shares of the business's stock in a transaction on Tuesday, July 12th. The shares were acquired at an average price of $81.55 per share, with a total value of $99,898.75. Following the completion of the transaction, the chief operating officer now owns 70,325 shares of the company's stock, valued at approximately $5,735,003.75. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Peter Busch Orthwein acquired 10,000 shares of the company's stock in a transaction dated Friday, June 10th. The stock was acquired at an average cost of $75.00 per share, for a total transaction of $750,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at $750,000. 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 currently owned by insiders.