Thor Industries, Inc. (NYSE:THO) – Research analysts at SunTrust Banks cut their Q1 2019 earnings per share (EPS) estimates for shares of Thor Industries in a research report issued to clients and investors on Tuesday, November 27th. SunTrust Banks analyst M. Swartz now anticipates that the construction company will post earnings per share of $1.52 for the quarter, down from their prior estimate of $1.56. SunTrust Banks also issued estimates for Thor Industries’ FY2019 earnings at $8.20 EPS.
Thor Industries (NYSE:THO) last issued its quarterly earnings data on Thursday, September 20th. The construction company reported $1.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.03 by ($0.36). Thor Industries had a net margin of 5.16% and a return on equity of 24.97%. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the previous year, the business posted $2.26 earnings per share. The firm’s revenue was down 3.2% on a year-over-year basis.
Other research analysts also recently issued reports about the company. Canaccord Genuity reaffirmed an “average” rating on shares of Thor Industries in a research report on Tuesday, November 13th. BMO Capital Markets reaffirmed a “buy” rating on shares of Thor Industries in a research report on Wednesday, November 7th. Robert W. Baird reaffirmed a “buy” rating and issued a $95.00 price target on shares of Thor Industries in a research report on Monday, October 29th. Citigroup dropped their price target on Thor Industries from $130.00 to $102.00 and set a “buy” rating on the stock in a research report on Thursday, October 4th. Finally, Northcoast Research reaffirmed a “buy” rating on shares of Thor Industries in a research report on Friday, August 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. Thor Industries presently has an average rating of “Buy” and a consensus price target of $118.57.
Shares of NYSE THO opened at $67.81 on Thursday. The company has a current ratio of 1.71, a quick ratio of 1.01 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 7.93 and a beta of 1.42. Thor Industries has a 12 month low of $63.48 and a 12 month high of $161.48.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 9th. Shareholders of record on Thursday, October 25th were given a $0.39 dividend. This is an increase from Thor Industries’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 2.30%. The ex-dividend date was Wednesday, October 24th. Thor Industries’s payout ratio is currently 18.25%.
In other Thor Industries news, Director James L. Ziemer purchased 5,000 shares of the company’s stock in a transaction on Tuesday, October 9th. The shares were bought at an average cost of $81.74 per share, with a total value of $408,700.00. Following the transaction, the director now directly owns 14,000 shares in the company, valued at approximately $1,144,360. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 4.20% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. WESCAP Management Group Inc. increased its position in shares of Thor Industries by 3.1% during the second quarter. WESCAP Management Group Inc. now owns 18,808 shares of the construction company’s stock valued at $1,831,000 after purchasing an additional 565 shares during the period. Aperio Group LLC increased its position in shares of Thor Industries by 3.0% during the third quarter. Aperio Group LLC now owns 23,206 shares of the construction company’s stock valued at $1,942,000 after purchasing an additional 667 shares during the period. State Board of Administration of Florida Retirement System increased its position in shares of Thor Industries by 1.2% during the third quarter. State Board of Administration of Florida Retirement System now owns 62,074 shares of the construction company’s stock valued at $5,196,000 after purchasing an additional 728 shares during the period. Investec Asset Management LTD increased its position in shares of Thor Industries by 2.0% during the second quarter. Investec Asset Management LTD now owns 39,174 shares of the construction company’s stock valued at $3,815,000 after purchasing an additional 781 shares during the period. Finally, Private Capital Group LLC increased its position in shares of Thor Industries by 351.7% during the second quarter. Private Capital Group LLC now owns 1,084 shares of the construction company’s stock valued at $105,000 after purchasing an additional 844 shares during the period. Institutional investors and hedge funds own 90.58% of the company’s stock.
About Thor Industries
Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories primarily in the United States and Canada. It operates in two segments, Towable Recreational Vehicles and Motorized Recreational Vehicles. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, Basecamp, and Nest travel trade names, as well as Interstate series of Class B motorhomes; 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.