Thor Industries (THO) Posts Earnings Results, Misses Expectations By $0.39 EPS

Thor Industries (NYSE:THO) released its quarterly earnings results on Thursday. The construction company reported $1.28 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.39), Morningstar.com reports. Thor Industries had a return on equity of 21.09% and a net margin of 4.02%. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the business posted $2.43 EPS. The firm’s quarterly revenue was down 21.3% compared to the same quarter last year.

Thor Industries stock opened at $61.72 on Friday. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 8.15 and a beta of 1.44. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.01. Thor Industries has a 12 month low of $55.50 and a 12 month high of $161.48.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 9th. Shareholders of record on Thursday, October 25th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend was Wednesday, October 24th. This is an increase from Thor Industries’s previous quarterly dividend of $0.37. Thor Industries’s payout ratio is currently 18.25%.

In other Thor Industries news, Chairman Peter Busch Orthwein sold 5,028 shares of Thor Industries stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $69.63, for a total value of $350,099.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James L. Ziemer acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, October 9th. The stock was acquired at an average cost of $81.74 per share, with a total value of $408,700.00. Following the acquisition, the director now owns 14,000 shares of the company’s stock, valued at $1,144,360. The disclosure for this purchase can be found here. Insiders own 4.20% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Callahan Advisors LLC boosted its holdings in Thor Industries by 6.7% in the third quarter. Callahan Advisors LLC now owns 49,598 shares of the construction company’s stock worth $4,151,000 after purchasing an additional 3,122 shares during the period. Alps Advisors Inc. boosted its holdings in Thor Industries by 65.2% in the third quarter. Alps Advisors Inc. now owns 15,693 shares of the construction company’s stock worth $1,314,000 after purchasing an additional 6,194 shares during the period. Wilks Brothers LLC acquired a new position in Thor Industries in the third quarter worth $20,113,000. Raymond James & Associates boosted its holdings in Thor Industries by 26.9% in the second quarter. Raymond James & Associates now owns 113,706 shares of the construction company’s stock worth $11,074,000 after purchasing an additional 24,112 shares during the period. Finally, 12th Street Asset Management Company LLC lifted its stake in Thor Industries by 58.2% in the third quarter. 12th Street Asset Management Company LLC now owns 302,783 shares of the construction company’s stock valued at $25,339,000 after buying an additional 111,428 shares during the last quarter. 86.21% of the stock is owned by hedge funds and other institutional investors.

THO has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Thor Industries from a “hold” rating to a “sell” rating in a research report on Friday, August 31st. Northcoast Research reissued a “buy” rating on shares of Thor Industries in a research report on Friday, August 17th. ValuEngine raised shares of Thor Industries from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 19th. Sidoti decreased their price target on shares of Thor Industries from $148.00 to $144.00 and set a “buy” rating for the company in a research report on Friday, August 10th. Finally, BMO Capital Markets reissued a “buy” rating on shares of Thor Industries in a research report on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. Thor Industries currently has an average rating of “Buy” and an average target price of $114.38.

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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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Earnings History for Thor Industries (NYSE:THO)

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