Insider Selling: Thor Industries, Inc. (THO) Director Sells $153,750.00 in Stock
Thor Industries, Inc. (NYSE:THO) Director Alan Siegel sold 1,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $153.75, for a total value of $153,750.00. Following the completion of the sale, the director now directly owns 4,988 shares of the company’s stock, valued at $766,905. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Thor Industries, Inc. (NYSE:THO) traded down $1.45 during trading hours on Thursday, hitting $148.51. The stock had a trading volume of 486,600 shares, compared to its average volume of 709,844. The company has a market capitalization of $7,902.05, a price-to-earnings ratio of 18.67 and a beta of 1.45. Thor Industries, Inc. has a 52 week low of $87.96 and a 52 week high of $156.86. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.50 and a quick ratio of 0.91.
Thor Industries (NYSE:THO) last posted its earnings results 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. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $1.99 billion. Thor Industries had a return on equity of 27.76% and a net margin of 5.46%. The business’s revenue was up 30.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.49 earnings per share. sell-side analysts forecast that Thor Industries, Inc. will post 8.95 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 24th were issued a dividend of $0.37 per share. The ex-dividend date was Monday, October 23rd. This is a positive change from Thor Industries’s previous quarterly dividend of $0.33. This represents a $1.48 annualized dividend and a dividend yield of 1.00%. Thor Industries’s dividend payout ratio is 18.43%.
Several analysts recently weighed in on THO shares. Robert W. Baird reissued a “buy” rating and issued a $120.00 price objective on shares of Thor Industries in a report on Friday, September 8th. Zacks Investment Research raised 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. Canaccord Genuity reissued a “buy” rating on shares of Thor Industries in a report on Friday, September 22nd. Sidoti started coverage on Thor Industries in a report on Friday, August 11th. They issued a “buy” rating and a $133.00 price objective for the company. Finally, Northcoast Research reissued a “buy” rating and issued a $145.00 price objective (up from $134.00) on shares of Thor Industries in a report on Monday, September 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $124.33.
Several large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its position in shares of Thor Industries by 4.8% during the second quarter. Russell Investments Group Ltd. now owns 83,622 shares of the construction company’s stock worth $8,742,000 after buying an additional 3,824 shares during the period. Bessemer Group Inc. boosted its position in shares of Thor Industries by 8.6% during the second quarter. Bessemer Group Inc. now owns 6,951 shares of the construction company’s stock worth $727,000 after buying an additional 551 shares during the period. Barnett & Company Inc. boosted its position in shares of Thor Industries by 0.9% during the second quarter. Barnett & Company Inc. now owns 10,740 shares of the construction company’s stock worth $1,123,000 after buying an additional 100 shares during the period. World Asset Management Inc boosted its position in shares of Thor Industries by 0.8% during the second quarter. World Asset Management Inc now owns 3,751 shares of the construction company’s stock worth $392,000 after buying an additional 29 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Thor Industries by 8.6% during the second quarter. Sei Investments Co. now owns 85,328 shares of the construction company’s stock worth $8,919,000 after buying an additional 6,786 shares during the period. 88.63% of the stock is owned by institutional investors.
About Thor Industries
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.
Receive News & Ratings for Thor Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thor Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.