Thor Industries Inc. (THO) Sets New 1-Year High at $74.00
Thor Industries Inc. (NYSE:THO) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $74.00 and last traded at $73.45, with a volume of 325,052 shares. The stock had previously closed at $72.82.
Several research analysts recently commented on THO shares. Zacks Investment Research raised shares of Thor Industries from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a report on Thursday. Citigroup Inc. raised their price target on shares of Thor Industries from $53.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, March 24th. Wellington Shields raised shares of Thor Industries from a “hold” rating to a “gradually accumulate” rating in a report on Monday, June 27th. Wunderlich raised their price target on shares of Thor Industries from $70.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, June 7th. Finally, BMO Capital Markets downgraded shares of Thor Industries from an “outperform” rating to a “market perform” rating and cut their price target for the company from $72.00 to $67.00 in a report on Wednesday, June 8th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $70.80.
The stock has a 50 day moving average price of $66.75 and a 200-day moving average price of $60.26. The company has a market capitalization of $3.87 billion and a P/E ratio of 16.01.
Thor Industries (NYSE:THO) last released its quarterly earnings data on Monday, June 6th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.08. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the firm earned $1.19 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, analysts predict that Thor Industries Inc. will post $4.68 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 28th. Stockholders of record on Monday, June 20th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, June 16th. This represents a $1.20 annualized dividend and a dividend yield of 1.63%.
Other hedge funds and institutional investors recently added to or reduced their stakes in the company. Retirement Systems of Alabama boosted its position in Thor Industries by 1.5% in the fourth quarter. Retirement Systems of Alabama now owns 58,671 shares of the company’s stock valued at $3,294,000 after buying an additional 862 shares during the last quarter. Nationwide Fund Advisors boosted its position in Thor Industries by 3.1% in the fourth quarter. Nationwide Fund Advisors now owns 108,377 shares of the company’s stock valued at $6,085,000 after buying an additional 3,233 shares during the last quarter. California State Teachers Retirement System boosted its position in Thor Industries by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 84,428 shares of the company’s stock valued at $4,741,000 after buying an additional 1,300 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Thor Industries by 3,127.6% in the fourth quarter. Sei Investments Co. now owns 127,748 shares of the company’s stock worth $7,174,000 after buying an additional 123,790 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Thor Industries by 59.0% in the fourth quarter. First Trust Advisors LP now owns 322,093 shares of the company’s stock worth $18,086,000 after buying an additional 119,576 shares in the last quarter.
Thor Industries, Inc (Thor), manufactures and sells various recreational vehicles (RV) throughout the United States and Canada, as well as related parts and accessories. The principal types of The Company’s towable recreational vehicles that the Company produces include conventional travel trailers and fifth wheels.
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