The price of THOR Industries Inc. (NYSE:THO) shares last traded on Wall Street fell -3.80% to $89.06.
Based on available information, 13 analysts follow THOR Industries Inc. (NYSE:THO). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $105.00 and a low of $45.00, we find $86.00. Given the previous closing price of $92.58, this indicates a potential downside of -7.11 percent. THO stock price is now -0.54% away from the 50-day moving average and 8.14% away from the 200-day moving average. The market capitalization of the company currently stands at $4.79B.
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Among analysts, 7 rate the stock a hold while 2 rate it a buy. Brokers who have rated the stock have averaged $83.30 as their price target over the next twelve months.
With the price target enhanced from $65 to $85, DA Davidson Upgraded its rating from Underperform to Neutral for THOR Industries Inc. (NYSE: THO)., while ‘Argus’ rates the stock as ‘Hold’.
In other news, ORTHWEIN PETER BUSCH, Director bought 20,000 shares of the company’s stock on Oct 05. The stock was bought for $1,450,000 at an average price of $72.50. Upon completion of the transaction, the Director now directly owns 30,000 shares in the company, valued at $2.67 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 12, CHIEF OPERATING OFFICER WOELFER W. TODD bought 1,225 shares of the business’s stock. A total of $99,899 was incurred on buying the stock at an average price of $81.55. This leaves the insider owning 70,325 shares of the company worth $6.26 million. Insiders disposed of 42,877 shares of company stock worth roughly $3.82 million over the past 1 year. A total of 2.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in THO stock. A new stake in THOR Industries Inc. shares was purchased by ACR ALPINE CAPITAL RESEARCH, LLC during the first quarter worth $88,055,000. LODGE HILL CAPITAL, LLC invested $9,351,000 in shares of THO during the first quarter. In the first quarter, LANDSCAPE CAPITAL MANAGEMENT, L.L.C. acquired a new stake in THOR Industries Inc. valued at approximately $7,114,000. WINMILL & CO. INC acquired a new stake in THO for approximately $3,562,000. AMALGAMATED FINANCIAL CORP. purchased a new stake in THO valued at around $3,513,000 in the second quarter.
A candlestick chart of THOR Industries Inc. (NYSE: THO) showed a price of $87.74 on Tuesday morning. During the past 12 months, THOR Industries Inc. has had a low of $66.26 and a high of $105.36. As of last week, the company has a debt-to-equity ratio of 0.48, a current ratio of 1.80, and a quick ratio of 0.70. The fifty day moving average price for THO is $89.54 and a two-hundred day moving average price translates $82.36 for the stock.
The latest earnings results from THOR Industries Inc. (NYSE: THO) was released for Oct, 2022. According to the Recreational Vehicles Company, earnings per share came in at $2.53, beating analysts’ expectations of $1.81 by 0.72. This compares to $4.39 EPS in the same period last year. The net profit margin was 6.70% and return on equity was 29.70% for THO. The company reported revenue of $3.11 billion for the quarter, compared to $3.96 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -21.48 percent. For the current quarter, analysts expect THO to generate $2.53B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/13/2023. Investors who held shares on 12/30/2022 were paid a $0.45 dividend. On an annualized basis, this represents a $1.80 dividend and a 2.02% percent yield. There was an ex-dividend date of 12/29/2022 for this dividend. In terms of dividend payout ratio, THO is presently at 9.10%.
THOR Industries Inc.(THO) Company Profile
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. It also provides aluminum extrusion and specialized component products to RV and other manufacturers; and digital products and services for RVs. The company provides its products through independent and non-franchise dealers. THOR Industries, Inc. was incorporated in 1980 and is based in Elkhart, Indiana.
