Thor Industries Inc. (NYSE:THO) announced a quarterly dividend on Monday, October 10th. Shareholders of record on Monday, October 24th will be given a dividend of 0.33 per share on Monday, November 7th. This represents a $1.32 annualized dividend and a yield of 1.61%. The ex-dividend date is Thursday, October 20th. This is a positive change from Thor Industries’s previous quarterly dividend of $0.30.
Shares of Thor Industries (NYSE:THO) opened at 81.78 on Wednesday. The stock has a market capitalization of $4.29 billion, a P/E ratio of 16.75 and a beta of 1.26. Thor Industries has a 12-month low of $47.56 and a 12-month high of $87.08. The firm’s 50-day moving average price is $82.35 and its 200 day moving average price is $72.02.
Thor Industries (NYSE:THO) last posted its quarterly earnings results on Monday, September 26th. The company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.24. The firm had revenue of $1.29 billion for the quarter. Thor Industries had a return on equity of 22.50% and a net margin of 5.60%. The firm’s quarterly revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.31 earnings per share. Analysts predict that Thor Industries will post $5.89 EPS for the current fiscal year.
THO has been the topic of several recent analyst reports. Great Lakes Dredge & Dock Corp. raised Thor Industries to a “buy” rating in a research report on Wednesday, September 28th. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research report on Thursday, October 6th. SunTrust Banks Inc. raised Thor Industries from a “neutral” rating to a “buy” rating and upped their price target for the company from $65.00 to $90.00 in a research report on Friday, July 29th. Wellington Shields raised Thor Industries from a “gradually accumulate” rating to a “buy” rating in a research report on Wednesday, September 28th. Finally, Northcoast Research raised Thor Industries from a “neutral” rating to a “buy” rating and set a $95.00 price target on the stock in a research report on Tuesday, September 13th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $80.63.
In related news, Chairman Peter Busch Orthwein sold 4,672 shares of Thor Industries stock in a transaction dated Thursday, September 29th. The stock was sold at an average price of $85.69, for a total value of $400,343.68. Following the sale, the chairman now owns 1,400,252 shares of the company’s stock, valued at $119,987,593.88. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.80% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. United Services Automobile Association increased its position in shares of Thor Industries by 2.3% in the second quarter. United Services Automobile Association now owns 9,740 shares of the company’s stock worth $631,000 after buying an additional 220 shares during the period. Cipher Capital LP increased its position in shares of Thor Industries by 123.2% in the second quarter. Cipher Capital LP now owns 23,799 shares of the company’s stock worth $1,541,000 after buying an additional 13,134 shares during the period. BlueMountain Capital Management LLC increased its position in shares of Thor Industries by 46.9% in the second quarter. BlueMountain Capital Management LLC now owns 10,879 shares of the company’s stock worth $704,000 after buying an additional 3,473 shares during the period. OMERS ADMINISTRATION Corp increased its position in shares of Thor Industries by 43.2% in the second quarter. OMERS ADMINISTRATION Corp now owns 49,400 shares of the company’s stock worth $3,198,000 after buying an additional 14,900 shares during the period. Finally, Comerica Bank increased its position in shares of Thor Industries by 2.9% in the second quarter. Comerica Bank now owns 36,241 shares of the company’s stock worth $2,769,000 after buying an additional 1,020 shares during the period. 85.68% of the stock is currently owned by institutional investors and hedge funds.
Thor Industries Company Profile
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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