Thor Industries Inc. (THO) Hits New 1-Year High at $74.36
Thor Industries Inc. (NYSE:THO) reached a new 52-week high on Thursday . The company 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.
A number of research firms have recently weighed in on THO. Zacks Investment Research downgraded Thor Industries from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th. BMO Capital Markets cut Thor Industries from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $72.00 to $67.00 in a research report on Wednesday, June 8th. They noted that the move was a valuation call. Wunderlich raised their price target on Thor Industries from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, June 7th. Finally, Wellington Shields upgraded Thor Industries from a “hold” rating to a “gradually accumulate” rating in a research report on Monday, June 27th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $70.80.
The firm has a market cap of $3.89 billion and a PE ratio of 16.08. The stock’s 50-day moving average price is $67.99 and its 200-day moving average price is $60.86.
Thor Industries (NYSE:THO) last announced its quarterly earnings data on Monday, June 6th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.08. During the same quarter in the previous year, the firm posted $1.19 EPS. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.29 billion. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities analysts forecast that Thor Industries Inc. will post $4.68 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 28th. Shareholders of record on Monday, June 20th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Thursday, June 16th.
Several hedge funds have bought and sold shares of THO. Airain ltd raised its stake in 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 during the last quarter. PNC Financial Services Group Inc. raised its stake in 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 during the last quarter. Advisors Asset Management Inc. raised its stake in 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 during the last quarter. US Bancorp DE raised its stake in 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 during the last quarter. Finally, GSA Capital Partners LLP raised its stake in 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 during 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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