Thor Industries Inc. (THO) Hits New 12-Month High at $71.32
Thor Industries Inc. (NYSE:THO) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $71.32 and last traded at $71.27, with a volume of 414,935 shares traded. The stock had previously closed at $69.89.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research downgraded Thor Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, May 11th. BMO Capital Markets downgraded Thor Industries from an “outperform” rating to a “market perform” rating and lowered their price objective 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 increased their price objective on Thor Industries from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, June 7th. Wellington Shields upgraded Thor Industries from a “hold” rating to a “gradually accumulate” rating in a research report on Monday, June 27th. Finally, Citigroup Inc. increased their price objective on Thor Industries from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, March 24th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Thor Industries currently has an average rating of “Buy” and a consensus price target of $69.60.
The firm’s 50 day moving average price is $65.41 and its 200-day moving average price is $59.69. The stock has a market cap of $3.74 billion and a price-to-earnings ratio of 15.45.
Thor Industries (NYSE:THO) last posted its earnings results on Monday, June 6th. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.08. During the same period last year, the firm posted $1.19 EPS. The company earned $1.28 billion during the quarter, compared to the consensus estimate of $1.29 billion. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Analysts forecast that Thor Industries Inc. will post $4.68 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 28th. Shareholders of record on Monday, June 20th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date was Thursday, June 16th.
Several large investors have modified their holdings of the stock. Retirement Systems of Alabama increased its stake in shares of Thor Industries by 1.5% in the fourth quarter. Retirement Systems of Alabama now owns 58,671 shares of the company’s stock worth $3,294,000 after buying an additional 862 shares during the last quarter. Nationwide Fund Advisors increased its stake in shares of Thor Industries by 3.1% in the fourth quarter. Nationwide Fund Advisors now owns 108,377 shares of the company’s stock worth $6,085,000 after buying an additional 3,233 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Thor Industries by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 84,428 shares of the company’s stock worth $4,741,000 after buying an additional 1,300 shares during the last quarter. Sei Investments Co. increased 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 during the last quarter. Finally, First Trust Advisors LP increased 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 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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