Thor Industries (THO) Receiving Somewhat Positive Press Coverage, Analysis Finds

News articles about Thor Industries (NYSE:THO) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Thor Industries earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news coverage about the construction company an impact score of 47.1629220643651 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the media stories that may have impacted Accern Sentiment’s rankings:

Shares of Thor Industries (THO) traded up $2.68 during mid-day trading on Friday, reaching $133.87. The company had a trading volume of 513,318 shares, compared to its average volume of 566,220. The company has a current ratio of 1.51, a quick ratio of 0.92 and a debt-to-equity ratio of 0.09. The firm has a market cap of $7,054.19, a price-to-earnings ratio of 18.88 and a beta of 1.42. Thor Industries has a twelve month low of $86.27 and a twelve month high of $138.07.

Thor Industries (NYSE:THO) last announced its quarterly earnings results on Wednesday, September 27th. The construction company reported $2.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.95 by $0.31. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.83 billion. Thor Industries had a return on equity of 26.04% and a net margin of 5.16%. Thor Industries’s quarterly revenue was up 49.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.57 EPS. research analysts anticipate that Thor Industries will post 8.14 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 7th. Investors of record on Tuesday, October 24th were paid a $0.37 dividend. This is a positive change from Thor Industries’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Monday, October 23rd. This represents a $1.48 annualized dividend and a yield of 1.11%. Thor Industries’s payout ratio is currently 20.87%.

THO has been the topic of a number of research reports. Robert W. Baird restated a “buy” rating and set a $136.00 price objective on shares of Thor Industries in a research report on Wednesday, November 1st. Citigroup Inc. boosted their price objective on Thor Industries from $118.00 to $146.00 and gave the company a “buy” rating in a research report on Monday, October 2nd. BMO Capital Markets restated a “market perform” rating and set a $135.00 price objective (up from $110.00) on shares of Thor Industries in a research report on Saturday, September 30th. Stifel Nicolaus restated a “hold” rating and set a $114.00 price objective (up from $110.00) on shares of Thor Industries in a research report on Saturday, September 30th. Finally, Aegis restated a “hold” rating and set a $130.00 price objective (up from $113.00) on shares of Thor Industries in a research report on Saturday, September 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $123.08.

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In related news, Chairman Peter Busch Orthwein sold 2,784 shares of the business’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $115.00, for a total value of $320,160.00. Following the sale, the chairman now owns 1,396,352 shares of the company’s stock, valued at approximately $160,580,480. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.10% of the stock is owned by insiders.

Thor Industries Company Profile

Thor Industries, Inc manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. The Company’s segments include towable recreational vehicles, which consists of the operations of Airstream, Inc (Airstream) (towable); Heartland Recreational Vehicles, LLC (Heartland) (including Bison Coach, LLC (Bison), Cruiser RV, LLC (CRV) and DRV, LLC (DRV)); Jayco, Corp.

Insider Buying and Selling by Quarter for Thor Industries (NYSE:THO)

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