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.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the company. StockNews.com upgraded Thor Industries from a "hold" rating to a "buy" rating in a research note on Monday, July 25th. Exane BNP Paribas cut Thor Industries from a "neutral" rating to an "underperform" rating and set a $65.00 price objective on the stock. in a research note on Wednesday, April 13th. MKM Partners assumed coverage on Thor Industries in a research note on Thursday, May 5th. They set a "neutral" rating and a $89.00 price objective on the stock. 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 research note on Thursday, June 9th. Finally, BNP Paribas lowered Thor Industries from a "neutral" rating to an "underperform" rating and set a $65.00 target price on the stock. in a report on Wednesday, April 13th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $86.11.
Thor Industries Stock Performance
NYSE:THO traded up $0.79 on Friday, reaching $84.89. The stock had a trading volume of 517,013 shares, compared to its average volume of 722,162. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.70 and a quick ratio of 0.82. The firm has a fifty day moving average of $78.71 and a two-hundred day moving average of $82.76. Thor Industries has a 1-year low of $66.26 and a 1-year high of $128.87. The company has a market cap of $4.63 billion, a P/E ratio of 4.34 and a beta of 1.72.
Thor Industries (NYSE:THO - Get Rating) last issued its quarterly earnings data on Wednesday, June 8th. The construction company reported $6.32 EPS for the quarter, beating analysts' consensus estimates of $4.97 by $1.35. Thor Industries had a return on equity of 34.04% and a net margin of 6.76%. The firm had revenue of $4.66 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same period in the prior year, the firm posted $3.29 EPS. The company's revenue for the quarter was up 34.6% on a year-over-year basis. On average, equities research analysts anticipate that Thor Industries will post 19.16 EPS for the current year.
Thor Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 19th. Shareholders of record on Tuesday, July 5th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date was Friday, July 1st. Thor Industries's dividend payout ratio is 8.79%.
Insider Buying and Selling at Thor Industries
In related news, COO W. Todd Woelfer bought 1,225 shares of Thor Industries stock in a transaction dated Tuesday, July 12th. The shares were bought at an average cost of $81.55 per share, with a total value of $99,898.75. Following the acquisition, the chief operating officer now owns 70,325 shares in the company, valued at approximately $5,735,003.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Thor Industries news, Director Peter Busch Orthwein acquired 3,000 shares of the company's stock in a transaction that occurred on Wednesday, June 29th. The stock was acquired at an average cost 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO W. Todd Woelfer acquired 1,225 shares of the company's stock in a transaction that occurred 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 in the company, valued at $5,735,003.75. The disclosure for this purchase can be found here. Insiders have bought a total of 14,225 shares of company stock valued at $1,077,899 in the last ninety days. 4.30% of the stock is currently owned by corporate insiders.
