THOR Industries, Inc. (NYSE:THO – Get Rating) – Jefferies Financial Group lowered its earnings per share guidance for the second quarter of 2024 in a report released Wednesday, March 8. . Jefferies Financial Group analyst B. Jordan now expects the construction company to post earnings of $1.17 per share for the quarter, down from his previous forecast of $1.24. I’m here. THOR Industries’ current consensus estimate of annual earnings is $6.00 per share. Jefferies Financial Group estimates THOR Industries’ third quarter 2024 earnings at EPS of $2.23 and 2024 earnings at EPS of $7.13.
THOR Industries (NYSE:THO – Get Rating) last reported quarterly results on Tuesday, March 7. The construction firm reported his $0.50 EPS for the quarter, missing his $1.10 ($0.60) analyst consensus forecast. THOR Industries had a return on equity of 21.88% and a net profit margin of 5.69%. The business generated $2.35 billion in revenue for the quarter, compared with analyst estimates of $2.49 billion. During the same quarter last year, the company made his $4.79 earnings per share. The company’s quarterly revenue fell 39.4% compared to the same quarter last year.
A number of other research firms have also recently published reports on THO. Citigroup raised its price target for THOR Industries from $87.00 to $94.00, giving it a “neutral” rating in its research report on Friday, February 24. DA Davidson lowered THOR Industries’ price target to $77.00 from $84.00 and gave the stock a “neutral” rating in Thursday’s research report. Truist Financial increased its price target for THOR Industries from $70.00 to $80.00 in a research report on Friday, February 17. Finally, Roth Capital restated its “neutral” rating on THOR Industries’ stock in a research report on Tuesday. Two analysts rated the stock with a sell rating, eight assigned a hold rating, and two issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $80.63.
THOR Industries shares drop 2.4%
THO shares opened at $86.30 on Friday. THOR Industries has a 12-month low of $66.26 and a 12-month high of $105.36. The company has a market capitalization of $4.62 billion, a PE ratio of 5.95 and a beta of 1.79. The stock has a 50-day moving average of $90.91 and a 200-day moving average of $83.59. The company has a quick ratio of 0.70, a current ratio of 1.95 and a debt to equity ratio of 0.46.
THOR Industries Announces Dividend
The business recently announced a quarterly dividend, which was paid out on Friday, January 13th. Shareholders of record on Friday, December 30 were awarded a dividend of $0.45. This represents his $1.80 dividend and his 2.09% yield on an annual basis. The ex-dividend date for this dividend was Thursday, December 29. THOR Industries has a Dividend Payout Ratio (DPR) of 12.41%.
THOR Industries Institutional Trading
Recently, a number of large investors have bought and sold shares of THO. ACR Alpine Capital Research LLC purchased his new stake in THOR Industries in the fourth quarter for $74,638,000. Royal London Asset Management Ltd. increased his stake in THOR Industries by 151.5% in the second quarter. Royal London Asset Management Ltd. now owns 1,490,339 shares in the construction company valued at $111.5 million after purchasing an additional 897,730 shares during the previous quarter. LSV Asset Management increased his THOR Industries stake by 47.2% in the fourth quarter. LSV Asset Management now owns 2,044,929 shares of construction company stock valued at $154,372,000 after purchasing an additional 655,770 shares during the previous quarter. Norges Bank bought a new stake in his THOR Industries for his $34,637,000 in the fourth quarter. Finally, Renaissance Technologies LLC increased its stake in Toll Industries by 330.6% during the fourth quarter. Renaissance Technologies LLC now owns 481,800 shares of construction company stock, valued at $36,371,000, after purchasing an additional 369,900 shares during the previous quarter. Currently 98.68% of the shares are owned by institutional investors.
About Toll Industries
Thor Industries, Inc manufactures and sells recreational vehicles. It operates through the following segments: North American Towable RVs, North American Electric RVs, and European RVs. The North America Towed Recreational Vehicles segment includes entities such as Airstream, Heartland, Jaco, Keystone and KZ.
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