Brokerages Set Thor Industries, Inc. (THO) PT at $119.31

Shares of Thor Industries, Inc. (NYSE:THO) have been assigned an average recommendation of “Buy” from the fifteen brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $119.31.

A number of research analysts have commented on the company. BMO Capital Markets restated a “market perform” rating and issued a $135.00 target price (up previously from $110.00) on shares of Thor Industries in a research note on Saturday, September 30th. Stifel Nicolaus restated a “hold” rating and issued a $114.00 target price (up previously from $110.00) on shares of Thor Industries in a research note on Saturday, September 30th. Aegis restated a “hold” rating and issued a $130.00 target price (up previously from $113.00) on shares of Thor Industries in a research note on Saturday, September 30th. Citigroup Inc. boosted their target price on Thor Industries from $118.00 to $146.00 and gave the company a “buy” rating in a research note on Monday, October 2nd. Finally, Robert W. Baird restated an “outperform” rating and issued a $120.00 target price on shares of Thor Industries in a research note on Thursday, September 28th.

COPYRIGHT VIOLATION NOTICE: This report was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another website, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The legal version of this report can be read at https://ledgergazette.com/2017/10/16/brokerages-set-thor-industries-inc-tho-pt-at-119-31.html.

Thor Industries (NYSE THO) opened at 129.17 on Wednesday. Thor Industries has a 12-month low of $74.00 and a 12-month high of $129.88. The stock has a market capitalization of $6.79 billion, a P/E ratio of 20.16 and a beta of 1.36. The stock has a 50 day moving average price of $117.65 and a 200-day moving average price of $104.12.

Thor Industries (NYSE:THO) last issued its earnings results on Wednesday, September 27th. The construction company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.31. Thor Industries had a return on equity of 26.04% and a net margin of 5.16%. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the previous year, the company posted $1.57 earnings per share. The business’s quarterly revenue was up 49.7% compared to the same quarter last year. Equities research analysts expect that Thor Industries will post $8.18 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 24th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Monday, October 23rd. This is an increase from Thor Industries’s previous quarterly dividend of $0.33. Thor Industries’s dividend payout ratio is 18.62%.

In other news, Chairman Peter Busch Orthwein sold 2,784 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $115.00, for a total transaction of $320,160.00. Following the completion of 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 hyperlink. Corporate insiders own 6.60% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in THO. UBS Asset Management Americas Inc. boosted its stake in shares of Thor Industries by 4.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 31,696 shares of the construction company’s stock worth $3,047,000 after acquiring an additional 1,402 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Thor Industries by 11.1% during the 1st quarter. Stifel Financial Corp now owns 17,240 shares of the construction company’s stock worth $1,660,000 after acquiring an additional 1,729 shares in the last quarter. AXA boosted its stake in shares of Thor Industries by 159.9% during the 1st quarter. AXA now owns 22,867 shares of the construction company’s stock worth $2,198,000 after acquiring an additional 14,067 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Thor Industries by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 198,848 shares of the construction company’s stock worth $19,115,000 after acquiring an additional 4,831 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Thor Industries by 23.4% during the 1st quarter. Wellington Management Group LLP now owns 39,990 shares of the construction company’s stock worth $3,844,000 after acquiring an additional 7,590 shares in the last quarter. Institutional inves

A number of research analysts have commented on the company. BMO Capital Markets restated a “market perform” rating and issued a $135.00 target price (up previously from $110.00) on shares of Thor Industries in a research note on Saturday, September 30th. Stifel Nicolaus restated a “hold” rating and issued a $114.00 target price (up previously from $110.00) on shares of Thor Industries in a research note on Saturday, September 30th. Aegis restated a “hold” rating and issued a $130.00 target price (up previously from $113.00) on shares of Thor Industries in a research note on Saturday, September 30th. Citigroup Inc. boosted their target price on Thor Industries from $118.00 to $146.00 and gave the company a “buy” rating in a research note on Monday, October 2nd. Finally, Robert W. Baird restated an “outperform” rating and issued a $120.00 target price on shares of Thor Industries in a research note on Thursday, September 28th.

COPYRIGHT VIOLATION NOTICE: This report was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another website, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The legal version of this report can be read at https://ledgergazette.com/2017/10/16/brokerages-set-thor-industries-inc-tho-pt-at-119-31.html.

Thor Industries (NYSE THO) opened at 129.17 on Wednesday. Thor Industries has a 12-month low of $74.00 and a 12-month high of $129.88. The stock has a market capitalization of $6.79 billion, a P/E ratio of 20.16 and a beta of 1.36. The stock has a 50 day moving average price of $117.65 and a 200-day moving average price of $104.12.

Thor Industries (NYSE:THO) last issued its earnings results on Wednesday, September 27th. The construction company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.31. Thor Industries had a return on equity of 26.04% and a net margin of 5.16%. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the previous year, the company posted $1.57 earnings per share. The business’s quarterly revenue was up 49.7% compared to the same quarter last year. Equities research analysts expect that Thor Industries will post $8.18 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 24th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Monday, October 23rd. This is an increase from Thor Industries’s previous quarterly dividend of $0.33. Thor Industries’s dividend payout ratio is 18.62%.

In other news, Chairman Peter Busch Orthwein sold 2,784 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $115.00, for a total transaction of $320,160.00. Following the completion of 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 hyperlink. Corporate insiders own 6.60% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in THO. UBS Asset Management Americas Inc. boosted its stake in shares of Thor Industries by 4.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 31,696 shares of the construction company’s stock worth $3,047,000 after acquiring an additional 1,402 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Thor Industries by 11.1% during the 1st quarter. Stifel Financial Corp now owns 17,240 shares of the construction company’s stock worth $1,660,000 after acquiring an additional 1,729 shares in the last quarter. AXA boosted its stake in shares of Thor Industries by 159.9% during the 1st quarter. AXA now owns 22,867 shares of the construction company’s stock worth $2,198,000 after acquiring an additional 14,067 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Thor Industries by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 198,848 shares of the construction company’s stock worth $19,115,000 after acquiring an additional 4,831 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Thor Industries by 23.4% during the 1st quarter. Wellington Management Group LLP now owns 39,990 shares of the construction company’s stock worth $3,844,000 after acquiring an additional 7,590 shares in the last quarter. Institutional investors own 89.40% of the company’s stock.

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.

Analyst Recommendations for Thor Industries (NYSE:THO)

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