Thor Industries (NYSE:THO – Get Rating) announced its quarterly earnings data on Wednesday. The construction company reported $6.32 EPS for the quarter, beating analysts’ consensus estimates of $4.87 by $1.45, Briefing.com reports. Thor Industries had a return on equity of 30.51% and a net margin of 6.20%. The firm had revenue of $4.66 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same period last year, the company earned $3.29 EPS. The business’s quarterly revenue was up 34.6% compared to the same quarter last year.
Thor Industries stock opened at $76.97 on Thursday. Thor Industries has a 52 week low of $66.26 and a 52 week high of $128.87. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.80 and a current ratio of 1.68. The stock has a market capitalization of $4.24 billion, a P/E ratio of 4.65 and a beta of 1.82. The stock has a 50-day simple moving average of $78.47 and a 200 day simple moving average of $89.82.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 20th. Investors of record on Wednesday, April 6th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Tuesday, April 5th. Thor Industries’s payout ratio is currently 10.40%.
Several large investors have recently modified their holdings of THO. Covestor Ltd raised its position in shares of Thor Industries by 51.7% in the first quarter. Covestor Ltd now owns 725 shares of the construction company’s stock valued at $57,000 after buying an additional 247 shares in the last quarter. Captrust Financial Advisors raised its position in Thor Industries by 18.3% during the first quarter. Captrust Financial Advisors now owns 2,420 shares of the construction company’s stock valued at $190,000 after purchasing an additional 374 shares in the last quarter. Walleye Capital LLC acquired a new position in Thor Industries during the first quarter valued at approximately $237,000. Cypress Capital Group acquired a new position in Thor Industries during the fourth quarter valued at approximately $243,000. Finally, Acadian Asset Management LLC raised its position in Thor Industries by 883.0% during the first quarter. Acadian Asset Management LLC now owns 3,126 shares of the construction company’s stock valued at $245,000 after purchasing an additional 2,808 shares in the last quarter. Institutional investors own 93.11% of the company’s stock.
THO has been the topic of several recent research reports. DA Davidson lowered Thor Industries from a “neutral” rating to an “underperform” rating and set a $60.00 price target on the stock. in a research report on Thursday, May 19th. BNP Paribas lowered Thor Industries from a “neutral” rating to an “underperform” rating and set a $65.00 price target on the stock. in a research report on Wednesday, April 13th. Exane BNP Paribas downgraded Thor Industries from a “neutral” rating to an “underperform” rating and set a $65.00 price objective on the stock. in a research note on Wednesday, April 13th. BMO Capital Markets dropped their price objective on Thor Industries from $110.00 to $95.00 in a research note on Monday, May 16th. Finally, Robert W. Baird dropped their price objective on Thor Industries from $120.00 to $100.00 in a research note on Thursday. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Thor Industries has a consensus rating of “Hold” and a consensus target price of $93.82.
Thor Industries Company Profile (Get Rating)
Thor Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.
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