Traders Buy Shares of Thor Industries (THO) on Weakness

Investors purchased shares of Thor Industries (NYSE:THO) on weakness during trading hours on Monday. $63.66 million flowed into the stock on the tick-up and $45.11 million flowed out of the stock on the tick-down, for a money net flow of $18.55 million into the stock. Of all stocks tracked, Thor Industries had the 14th highest net in-flow for the day. Thor Industries traded down ($2.67) for the day and closed at $104.88

Several research analysts have commented on THO shares. Northcoast Research downgraded shares of Thor Industries from a “buy” rating to a “neutral” rating and set a $150.00 price target for the company. in a report on Friday, January 26th. Argus raised shares of Thor Industries from a “hold” rating to a “buy” rating in a report on Friday, March 16th. They noted that the move was a valuation call. Stifel Nicolaus reissued a “hold” rating and issued a $142.00 price target (up from $132.00) on shares of Thor Industries in a report on Thursday, March 8th. ValuEngine raised shares of Thor Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Aegis raised shares of Thor Industries from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a report on Thursday, March 8th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $129.90.

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The company has a current ratio of 1.63, a quick ratio of 0.91 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $5,667.35, a PE ratio of 14.70 and a beta of 1.37.

Thor Industries (NYSE:THO) last posted its quarterly earnings data on Wednesday, March 7th. The construction company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.11. Thor Industries had a net margin of 5.38% and a return on equity of 28.42%. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the firm posted $1.23 EPS. The firm’s revenue was up 24.1% compared to the same quarter last year. equities analysts predict that Thor Industries will post 9.37 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Friday, March 30th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Wednesday, March 28th. Thor Industries’s dividend payout ratio is currently 20.87%.

Several hedge funds and other institutional investors have recently bought and sold shares of THO. Assetmark Inc. bought a new stake in shares of Thor Industries during the 4th quarter worth $134,000. Good Life Advisors LLC purchased a new position in Thor Industries in the 4th quarter worth $201,000. Indiana Trust & Investment Management CO purchased a new position in Thor Industries in the 4th quarter worth $203,000. FNY Partners Fund LP purchased a new position in Thor Industries in the 4th quarter worth $226,000. Finally, CAPROCK Group Inc. purchased a new position in Thor Industries in the 4th quarter worth $231,000. 85.98% of the stock is owned by institutional investors.

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Thor Industries Company Profile

Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles, and related parts and accessories primarily in the United States and Canada. It operates through Towable Recreational Vehicles and Motorized Recreational Vehicles segments. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, and Basecamp trade names, as well as Interstate series of Class B motorhomes; gasoline and diesel Class A and Class C motorhomes under the Four Winds, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, A.C.E., Alante, Precept, Greyhawk, and Redhawk trade names; and luxury Class A motorhomes under Insignia, Aspire, Anthem, and Cornerstone trade names.

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