SunTrust Banks Analysts Raise Earnings Estimates for Thor Industries, Inc. (THO)
Thor Industries, Inc. (NYSE:THO) – SunTrust Banks upped their Q2 2018 earnings estimates for Thor Industries in a research report issued to clients and investors on Monday. SunTrust Banks analyst M. Swartz now expects that the construction company will post earnings of $1.65 per share for the quarter, up from their prior estimate of $1.48. SunTrust Banks currently has a “Buy” rating on the stock. SunTrust Banks also issued estimates for Thor Industries’ Q3 2018 earnings at $2.47 EPS and Q4 2018 earnings at $2.45 EPS.
Other research analysts also recently issued reports about the stock. Stifel Nicolaus reissued a “hold” rating on shares of Thor Industries in a research report on Thursday, September 21st. Citigroup raised their price objective on shares of Thor Industries from $118.00 to $146.00 and gave the stock a “buy” rating in a report on Monday, October 2nd. Aegis initiated coverage on shares of Thor Industries in a report on Monday, September 11th. They issued a “hold” rating and a $113.00 price objective for the company. Zacks Investment Research raised shares of Thor Industries from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a report on Tuesday, September 5th. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Thor Industries in a report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $124.33.
Thor Industries (THO) traded up $18.12 during trading on Wednesday, hitting $154.37. 3,346,300 shares of the stock were exchanged, compared to its average volume of 706,341. Thor Industries has a 1 year low of $87.96 and a 1 year high of $155.46. The company has a market cap of $8,130.00, a P/E ratio of 19.33 and a beta of 1.42. The company has a quick ratio of 0.92, a current ratio of 1.51 and a debt-to-equity ratio of 0.09.
Thor Industries (NYSE:THO) last posted its quarterly earnings data on Monday, November 27th. The construction company reported $2.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.59. Thor Industries had a net margin of 5.16% and a return on equity of 26.04%. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the business posted $1.49 EPS. The company’s revenue for the quarter was up 30.6% on a year-over-year basis.
Large investors have recently modified their holdings of the stock. Optimum Investment Advisors bought a new stake in Thor Industries in the 3rd quarter worth $205,000. Public Employees Retirement System of Ohio grew its holdings in Thor Industries by 144.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 90,900 shares of the construction company’s stock worth $11,445,000 after acquiring an additional 53,641 shares during the last quarter. Guardian Capital LP bought a new stake in Thor Industries in the 3rd quarter worth $204,000. Janney Montgomery Scott LLC bought a new stake in Thor Industries in the 3rd quarter worth $969,000. Finally, Janney Capital Management LLC bought a new stake in Thor Industries in the 3rd quarter worth $566,000. Institutional investors own 88.50% of the company’s stock.
In other news, Chairman Peter Busch Orthwein sold 2,784 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $115.00, for a total transaction of $320,160.00. Following the sale, the chairman now owns 1,396,352 shares in the company, valued at approximately $160,580,480. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 5.10% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 24th were given a dividend of $0.37 per share. The ex-dividend date was Monday, October 23rd. This represents a $1.48 annualized dividend and a dividend yield of 0.96%. This is a boost from Thor Industries’s previous quarterly dividend of $0.33. Thor Industries’s dividend payout ratio (DPR) is 18.43%.
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Thor Industries Company Profile
Thor Industries, Inc manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. The Company’s segments include towable recreational vehicles, which consists of the operations of Airstream, Inc (Airstream) (towable); Heartland Recreational Vehicles, LLC (Heartland) (including Bison Coach, LLC (Bison), Cruiser RV, LLC (CRV) and DRV, LLC (DRV)); Jayco, Corp.
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