Thor Industries Inc. (THO) Hits New 1-Year High at $75.20
Thor Industries Inc. (NYSE:THO) reached a new 52-week high on Wednesday . The company traded as high as $75.20 and last traded at $75.12, with a volume of 207,081 shares traded. The stock had previously closed at $74.72.
A number of research firms have weighed in on THO. Wunderlich boosted their target price on shares of Thor Industries from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, June 7th. Zacks Investment Research raised shares of Thor Industries from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a report on Thursday, July 14th. BMO Capital Markets lowered shares of Thor Industries from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $72.00 to $67.00 in a report on Wednesday, June 8th. They noted that the move was a valuation call. 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 given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $70.80.
The stock has a 50-day moving average price of $68.55 and a 200 day moving average price of $61.29. The stock has a market cap of $3.94 billion and a PE ratio of 16.30.
Thor Industries (NYSE:THO) last issued its 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 quarter in the prior year, the business posted $1.19 EPS. The firm earned $1.28 billion during the quarter, compared to the consensus estimate of $1.29 billion. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Analysts forecast that Thor Industries Inc. will post $4.67 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 28th. Stockholders of record on Monday, June 20th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend was Thursday, June 16th.
Other hedge funds have made changes to their positions in the company. US Bancorp DE raised 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 during the last quarter. Advisors Asset Management Inc. raised 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 during the last quarter. Victory Capital Management Inc. raised its stake in shares of Thor Industries by 8.7% in the fourth quarter. Victory Capital Management Inc. now owns 1,476,956 shares of the company’s stock worth $82,931,000 after buying an additional 117,850 shares during the last quarter. Mandatum Life Insurance Co Ltd acquired a new stake in shares of Thor Industries during the fourth quarter worth approximately $2,860,000. Finally, SFE Investment Counsel raised its stake in shares of Thor Industries by 12.1% in the fourth quarter. SFE Investment Counsel now owns 97,801 shares of the company’s stock worth $5,492,000 after buying an additional 10,571 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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