Thor Industries, Inc. (NYSE:THO) VP W. Todd Woelfer sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, January 25th. The shares were sold at an average price of $112.50, for a total transaction of $562,500.00. Following the completion of the sale, the vice president now owns 50,392 shares of the company’s stock, valued at $5,669,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
THO traded up $5.78 on Tuesday, reaching $120.92. The stock had a trading volume of 1,767,529 shares, compared to its average volume of 763,702. Thor Industries, Inc. has a 12-month low of $32.30 and a 12-month high of $121.89. The company has a current ratio of 1.40, a quick ratio of 0.75 and a debt-to-equity ratio of 0.65. The business’s 50-day moving average price is $99.28 and its two-hundred day moving average price is $98.69. The company has a market cap of $6.69 billion, a P/E ratio of 23.51 and a beta of 2.42.
Thor Industries (NYSE:THO) last released its quarterly earnings data on Monday, December 7th. The construction company reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.59. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Thor Industries had a net margin of 3.34% and a return on equity of 13.15%. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.50 earnings per share. As a group, analysts predict that Thor Industries, Inc. will post 7.76 earnings per share for the current year.
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The business also recently announced a quarterly dividend, which was paid on Monday, January 18th. Stockholders of record on Monday, January 4th were paid a dividend of $0.41 per share. The ex-dividend date was Thursday, December 31st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.36%. Thor Industries’s dividend payout ratio is currently 34.60%.
Several equities research analysts have recently commented on the stock. BMO Capital Markets lifted their price objective on shares of Thor Industries from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 9th. Zacks Investment Research cut shares of Thor Industries from a “buy” rating to a “hold” rating and set a $101.00 target price for the company. in a report on Tuesday, December 1st. Finally, Wedbush began coverage on shares of Thor Industries in a report on Tuesday, December 1st. They set a “neutral” rating and a $107.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Thor Industries currently has a consensus rating of “Buy” and a consensus target price of $105.00.
Several hedge funds have recently added to or reduced their stakes in the company. Aperio Group LLC increased its stake in shares of Thor Industries by 0.9% during the third quarter. Aperio Group LLC now owns 15,027 shares of the construction company’s stock worth $1,431,000 after purchasing an additional 128 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of Thor Industries by 11.7% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,458 shares of the construction company’s stock worth $139,000 after purchasing an additional 153 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Thor Industries by 24.1% during the third quarter. Fifth Third Bancorp now owns 1,103 shares of the construction company’s stock worth $105,000 after purchasing an additional 214 shares in the last quarter. Granite Investment Partners LLC increased its stake in shares of Thor Industries by 1.2% during the third quarter. Granite Investment Partners LLC now owns 19,976 shares of the construction company’s stock worth $1,903,000 after purchasing an additional 246 shares in the last quarter. Finally, CenterStar Asset Management LLC purchased a new stake in shares of Thor Industries during the third quarter worth about $30,000. 93.13% of the stock is owned by institutional investors and hedge funds.
About Thor Industries
Thor Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. It offers travel trailers under the Airstream Classic, Globetrotter, International, Flying Cloud, Caravel, Bambi, and Basecamp trade names; Class B motorhomes under the Interstate and Atlas series, and Sequence and Tellaro trade names; and gasoline and diesel Class A and Class C motorhomes under the Four Winds, Freedom Elite, Majestic, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, and A.C.E trade names.
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