THOR Industries, Inc. (NYSE:THO – Get Rating) – DA Davidson equity researchers estimated 2023 earnings per share for THOR Industries’ stock in a research report published Thursday, March 9. I pulled it down. DA Davidson analyst B. Rolle now expects the construction company to earn annual earnings per share of $5.95, down from his previous estimate of $7.30. DA Davidson is currently rated Neutral with a price target of $77.00. THOR Industries’ current consensus annual earnings estimate is $5.94 per share. DA Davidson also estimates his 2024 earnings for THOR Industries at his EPS of $7.00.
A number of other research firms have also recently joined THO. Citigroup raised THOR Industries’ price target from $87.00 to $94.00, giving the company a “neutral” rating, in a report on Friday, February 24. Roth Capital reissued a ‘neutral’ rating on THOR Industries’ stock in a research note on Tuesday, March 7. Finally, Trust Financial raised its price target for THOR Industries from $70.00 to $80.00 in his Friday, February 17 research report. Two research analysts gave the stock a sell rating, eight gave a hold rating, and one gave the company a buy rating. According to MarketBeat.com data, THOR Industries’ current consensus valuation is “pending” with a consensus target price of $80.63.
THOR Industries trading down 3.5%
THO shares opened at $83.25 on Monday. His 50-day moving average price for this business is $91.06 and his 200-day moving average price is $83.54. THOR Industries hit a 52-week low of $66.26 and a 52-week high of $105.36. The stock has a market cap of $4.46 billion, a price/earnings ratio of 5.74 and a beta of 1.79. The company has a debt to equity ratio of 0.46, a current ratio of 1.95 and a quick ratio of 0.70.
THOR Industries (NYSE:THO – Get Rating) last reported its results on Tuesday, March 7. The construction firm reported his earnings per share (EPS) of $0.50 for the quarter, but missed analyst consensus expectations of $1.10 ($0.60). THOR Industries had a return on equity of 21.88% and a net profit margin of 5.69%. The company’s revenue for the quarter was $2.35 billion, compared with analyst estimates of $2.49 billion. His earnings per share for the company in the same period last year were $4.79. The company’s quarterly revenue fell 39.4% year-on-year.
THOR Industries Announces Dividend
The company recently announced a quarterly dividend, which was paid out on Friday, January 13th. A dividend of $0.45 per share was issued to shareholders of record on Friday, December 30. The ex-dividend date for this dividend was Thursday, December 29. This represents his $1.80 dividend and his 2.16% yield on an annualized basis. THOR Industries’ dividend payout ratio is currently 12.41%.
THOR Industries Institutional Trading
A number of institutional investors have recently changed their stakes in the company. Vanguard Group Inc. increased his stake in THOR Industries by 1.0% in the first quarter. Vanguard Group Inc. now owns 5,312,648 shares in the construction company worth $418.105 million after he purchased an additional 53,286 shares last quarter. Kayne Anderson Rudnick Investment Management LLC held 2.6% of his THOR Industries stake in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,285,597 shares of construction company stock valued at $369,886,000 after purchasing an additional 132,361 shares in the previous quarter. Royal London Asset Management Ltd. increased his stake in THOR Industries by 37.3% in the fourth quarter. Royal London Asset Management Ltd. owns 2,651,619 shares in a construction company worth $20,264,000 after purchasing a further 720,584 shares in the previous quarter. Dimensional Fund Advisors LP increased its stake in THOR Industries by 10.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,103,062 shares of construction company stock valued at $158.76 million after purchasing an additional 197,554 shares in the previous quarter. Finally, LSV Asset Management increased its stake in THOR Industries by 47.2% in the fourth quarter. LSV Asset Management now owns 2,044,929 shares in the construction company valued at $154,372,000 after purchasing an additional 655,770 shares in the previous quarter. Currently 98.68% of the shares are owned by institutional investors.
THOR INDUSTRIES COMPANY PROFILE
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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