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

Thor Industries (NYSE:THO) posted its quarterly earnings results 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. The company had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.67 billion. Thor Industries had a net margin of 3.02% and a return on equity of 6.96%. Thor Industries’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.53 EPS.

Thor Industries Stock Up 0.2%

NYSE THO opened at $77.89 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.76 and a quick ratio of 0.73. The stock 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 moving average is $77.89 and its 200 day moving average is $95.25.

Thor Industries Dividend Announcement

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

Insider Buying and Selling

In other Thor Industries news, Director Peter Busch Orthwein purchased 2,600 shares of the stock in a transaction on Friday, March 6th. The stock was acquired at an average price of $88.25 per share, with a total value of $229,450.00. Following the transaction, the director directly owned 139,000 shares of the company’s stock, valued at approximately $12,266,750. This trade represents a 1.91% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 4.70% of the stock is owned by insiders.

Institutional Trading of Thor Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in Thor Industries by 1.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,050,494 shares of the RV manufacturer’s stock valued at $313,201,000 after purchasing an additional 48,157 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Thor Industries by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 651,077 shares of the RV manufacturer’s stock valued at $66,846,000 after purchasing an additional 3,562 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Thor Industries by 39.7% during the 4th quarter. Invesco Ltd. now owns 246,262 shares of the RV manufacturer’s stock valued at $25,284,000 after purchasing an additional 70,042 shares in the last quarter. Cerity Partners LLC increased its position in shares of Thor Industries by 85.3% during the fourth quarter. Cerity Partners LLC now owns 141,542 shares of the RV manufacturer’s stock valued at $14,532,000 after buying an additional 65,166 shares during the period. Finally, Millennium Management LLC increased its position in shares of Thor Industries by 1,942.2% during the fourth quarter. Millennium Management LLC now owns 130,418 shares of the RV manufacturer’s stock valued at $13,390,000 after buying an additional 124,032 shares during the period. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. BNP Paribas Exane initiated coverage on shares of Thor Industries in a research note on Monday, April 20th. They set a “neutral” rating for the company. Seaport Research Partners initiated coverage on shares of Thor Industries in a research note on Monday, April 20th. They set a “neutral” rating for the company. DA Davidson cut their price target on shares of Thor Industries from $102.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, March 4th. Benchmark reiterated a “hold” rating on shares of Thor Industries in a research report on Wednesday, March 4th. Finally, BMO Capital Markets dropped their price objective on Thor Industries from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average 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.