Thor Industries Inc. (THO) Hits New 1-Year High at $74.00
Thor Industries Inc. (NYSE:THO) reached a new 52-week high during mid-day trading on Thursday . The company 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.
A number of equities research analysts have recently issued reports on the stock. Wellington Shields raised shares of Thor Industries from a “hold” rating to a “gradually accumulate” rating in a report on Monday, June 27th. Zacks Investment Research lowered shares of Thor Industries from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th. Citigroup Inc. upped their target price on shares of Thor Industries from $53.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, March 24th. Wunderlich upped 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. Finally, 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. Two investment 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 target price of $70.80.
The firm has a 50-day moving average of $66.21 and a 200 day moving average of $60.04. The company has a market capitalization of $3.85 billion and a P/E ratio of 15.90.
Thor Industries (NYSE:THO) last released its quarterly earnings results on Monday, June 6th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.08. During the same period last year, the firm earned $1.19 EPS. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.29 billion. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts forecast that Thor Industries Inc. will post $4.68 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 28th. Stockholders of record on Monday, June 20th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Thursday, June 16th.
Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. Boston Partners increased its position in Thor Industries by 13.4% in the fourth quarter. Boston Partners now owns 1,897,711 shares of the company’s stock valued at $106,556,000 after buying an additional 224,174 shares during the period. Matarin Capital Management LLC purchased a new position in Thor Industries during the fourth quarter valued at about $7,180,000. Sei Investments Co. increased its position in Thor Industries by 3,127.6% in the fourth quarter. Sei Investments Co. now owns 127,748 shares of the company’s stock valued at $7,174,000 after buying an additional 123,790 shares during the period. First Trust Advisors LP increased its position in Thor Industries by 59.0% in the fourth quarter. First Trust Advisors LP now owns 322,093 shares of the company’s stock valued at $18,086,000 after buying an additional 119,576 shares during the period. Finally, Victory Capital Management Inc. increased its position in Thor Industries by 8.7% in the fourth quarter. Victory Capital Management Inc. now owns 1,476,956 shares of the company’s stock valued at $82,931,000 after buying an additional 117,850 shares during the period.
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.