Thor Industries (NYSE:THO) Earns Neutral Rating from Analysts at Citigroup

Citigroup started coverage on shares of Thor Industries (NYSE:THO) in a report published on Monday, BenzingaRatingsTable reports. The brokerage issued a neutral rating on the construction company’s stock.

Other research analysts have also recently issued research reports about the stock. Northcoast Research cut shares of Thor Industries from a buy rating to a neutral rating in a research report on Wednesday, April 8th. Robert W. Baird reduced their price objective on shares of Thor Industries from $85.00 to $75.00 and set an outperform rating on the stock in a research report on Tuesday, March 10th. BMO Capital Markets raised their price objective on shares of Thor Industries from $55.00 to $98.00 in a research note on Wednesday, June 10th. Wolfe Research began coverage on Thor Industries in a research note on Friday, April 17th. They set an outperform rating and a $60.00 target price on the stock. Finally, SunTrust Banks raised their price target on Thor Industries from $60.00 to $105.00 and gave the stock a buy rating in a research note on Thursday, June 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $88.60.

Shares of NYSE THO opened at $101.49 on Monday. Thor Industries has a 1-year low of $32.30 and a 1-year high of $118.89. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.65 and a quick ratio of 0.96. The business’s 50 day moving average is $100.40 and its two-hundred day moving average is $75.25. The stock has a market capitalization of $5.57 billion, a P/E ratio of 28.67 and a beta of 2.61.

Thor Industries (NYSE:THO) last announced its earnings results on Monday, June 8th. The construction company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.43) by $0.86. Thor Industries had a return on equity of 11.34% and a net margin of 2.40%. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the previous year, the business earned $1.65 EPS. The company’s quarterly revenue was down 32.9% on a year-over-year basis. As a group, equities research analysts anticipate that Thor Industries will post 3.38 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Monday, June 29th. Thor Industries’s dividend payout ratio is currently 30.89%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC purchased a new position in Thor Industries in the 1st quarter worth approximately $38,000. Synovus Financial Corp increased its holdings in shares of Thor Industries by 21.1% in the first quarter. Synovus Financial Corp now owns 1,028 shares of the construction company’s stock valued at $43,000 after purchasing an additional 179 shares during the last quarter. First Bank & Trust increased its holdings in shares of Thor Industries by 43.2% in the first quarter. First Bank & Trust now owns 1,234 shares of the construction company’s stock valued at $52,000 after purchasing an additional 372 shares during the last quarter. FDx Advisors Inc. purchased a new position in Thor Industries during the first quarter worth approximately $64,000. Finally, Bleichroeder LP acquired a new position in Thor Industries during the first quarter worth $110,000. 99.54% of the stock is currently owned by institutional investors.

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.

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Analyst Recommendations for Thor Industries (NYSE:THO)

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