Thor Industries Inc. (THO) Reaches New 1-Year High at $74.36
Shares of Thor Industries Inc. (NYSE:THO) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $74.36 and last traded at $73.91, with a volume of 200,387 shares traded. The stock had previously closed at $73.88.
THO has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Thor Industries from a “buy” rating to a “hold” rating in a report on Friday, June 10th. BMO Capital Markets lowered shares of Thor Industries from an “outperform” rating to a “market perform” rating and dropped their price objective 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. Wunderlich boosted their price objective 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. Citigroup Inc. boosted their price objective 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. Finally, Wellington Shields raised shares of Thor Industries from a “hold” rating to a “gradually accumulate” rating in a report on Monday, June 27th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Thor Industries currently has an average rating of “Buy” and a consensus target price of $70.80.
The firm has a 50-day moving average price of $67.46 and a 200-day moving average price of $60.63. The company has a market capitalization of $3.88 billion and a PE ratio of 16.06.
Thor Industries (NYSE:THO) last announced its quarterly earnings data on Monday, June 6th. The company reported $1.51 EPS for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.08. The firm earned $1.28 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the business earned $1.19 earnings per share. Thor Industries’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities analysts expect that Thor Industries Inc. will post $4.68 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 28th. Stockholders of record on Monday, June 20th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, June 16th. This represents a $1.20 annualized dividend and a dividend yield of 1.62%.
A number of large investors have recently added to or reduced their stakes in the stock. Airain ltd boosted its stake in shares of Thor Industries by 104.7% in the fourth quarter. Airain ltd now owns 17,941 shares of the company’s stock worth $1,007,000 after buying an additional 9,178 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Thor Industries by 83.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 20,782 shares of the company’s stock worth $1,167,000 after buying an additional 9,450 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Thor Industries by 219.6% in the fourth quarter. Advisors Asset Management Inc. now owns 23,437 shares of the company’s stock worth $1,316,000 after buying an additional 16,104 shares in the last quarter. US Bancorp DE boosted its stake in shares of Thor Industries by 8.5% in the fourth quarter. US Bancorp DE now owns 38,411 shares of the company’s stock worth $2,157,000 after buying an additional 3,006 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its stake in shares of Thor Industries by 177.4% in the fourth quarter. GSA Capital Partners LLP now owns 38,525 shares of the company’s stock worth $2,163,000 after buying an additional 24,635 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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