Thor Industries (NYSE:THO) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Thor Industries (NYSE:THO) released its quarterly earnings data on Wednesday. The RV manufacturer reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.02), Briefing.com reports. Thor Industries had a net margin of 3.02% and a return on equity of 6.96%. During the same period in the prior year, the firm posted $2.53 EPS. The company’s revenue was down 3.9% compared to the same quarter last year.

Thor Industries Stock Up 0.2%

THO stock opened at $77.89 on Wednesday. The company has a current ratio of 1.76, a quick ratio of 0.73 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $4.10 billion, a PE ratio of 24.19, a PEG ratio of 1.55 and a beta of 1.32. Thor Industries has a 1-year low of $70.56 and a 1-year high of $122.83. The business’s 50 day simple moving average is $77.89 and its 200 day simple moving average is $95.25.

Thor Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 20th. Investors of record on Monday, April 6th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Monday, April 6th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.7%. Thor Industries’s payout ratio is presently 64.60%.

Insider Buying and Selling at Thor Industries

In other Thor Industries news, Director Peter Busch Orthwein bought 2,600 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were acquired at an average cost of $88.25 per share, with a total value of $229,450.00. Following the acquisition, the director owned 139,000 shares of the company’s stock, valued at $12,266,750. The trade was a 1.91% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC increased its position in Thor Industries by 16.9% during the 4th quarter. Parallel Advisors LLC now owns 621 shares of the RV manufacturer’s stock worth $64,000 after buying an additional 90 shares during the period. BNP Paribas Financial Markets increased its position in Thor Industries by 1.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 6,072 shares of the RV manufacturer’s stock worth $539,000 after buying an additional 99 shares during the period. CANADA LIFE ASSURANCE Co increased its position in Thor Industries by 0.3% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 34,810 shares of the RV manufacturer’s stock worth $3,089,000 after buying an additional 104 shares during the period. Bradley Foster & Sargent Inc. CT increased its position in Thor Industries by 2.5% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 5,519 shares of the RV manufacturer’s stock worth $567,000 after buying an additional 136 shares during the period. Finally, Coldstream Capital Management Inc. increased its position in Thor Industries by 5.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 2,697 shares of the RV manufacturer’s stock worth $280,000 after buying an additional 139 shares during the period. 96.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on THO shares. BNP Paribas Exane started coverage on Thor Industries in a report on Monday, April 20th. They set a “neutral” rating on the stock. DA Davidson cut their price objective on Thor Industries from $102.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, March 4th. Seaport Research Partners assumed coverage on Thor Industries in a report on Monday, April 20th. They set a “neutral” rating on the stock. Wall Street Zen cut Thor Industries from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Truist Financial cut their target price on Thor Industries from $112.00 to $109.00 and set a “hold” rating on the stock in a research note on Wednesday, March 11th. Three investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $108.11.

Thor Industries Company Profile

Thor Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and related components for the leisure travel market. Through its family of well-known brands—such as Airstream, Heartland, Jayco, Keystone RV and Thor Motor Coach—the company designs, manufactures and sells a broad range of motorized and towable RVs, complemented by aftermarket parts and service solutions. Thor offers products that span travel trailers, fifth wheels, toy haulers and Class A, B and C motorhomes, addressing both entry-level and premium segments.

Founded in 1980 when Wade Thompson and Peter Orthwein acquired Airstream from Beatrice Foods, Thor Industries has grown organically and through strategic acquisitions to become one of the largest RV producers in the world.