Thor Industries, Inc. (THO) Director Alan Siegel Sells 1,000 Shares

Thor Industries, Inc. (NYSE:THO) Director Alan Siegel sold 1,000 shares of Thor Industries stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $109.45, for a total value of $109,450.00. Following the completion of the transaction, the director now owns 4,988 shares of the company’s stock, valued at approximately $545,936.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Alan Siegel also recently made the following trade(s):

  • On Thursday, June 8th, Alan Siegel sold 1,000 shares of Thor Industries stock. The shares were sold at an average price of $103.19, for a total value of $103,190.00.

Shares of Thor Industries, Inc. (NYSE THO) traded down 1.13% during mid-day trading on Friday, hitting $105.39. The stock had a trading volume of 367,246 shares. The firm has a market cap of $5.54 billion, a PE ratio of 16.45 and a beta of 1.40. Thor Industries, Inc. has a 52-week low of $74.00 and a 52-week high of $115.74. The firm has a 50 day moving average price of $105.38 and a 200 day moving average price of $100.86.

Thor Industries (NYSE:THO) last posted its quarterly earnings data on Monday, June 5th. The construction company reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.24. Thor Industries had a net margin of 5.11% and a return on equity of 24.83%. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the business posted $1.51 EPS. The company’s revenue was up 56.9% on a year-over-year basis. Equities analysts predict that Thor Industries, Inc. will post $6.76 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 12th. Investors of record on Friday, June 23rd were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Wednesday, June 21st. Thor Industries’s dividend payout ratio is 20.63%.

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A number of large investors have recently added to or reduced their stakes in the company. Quadrature Capital Ltd bought a new stake in Thor Industries during the fourth quarter worth about $3,906,000. Vident Investment Advisory LLC increased its stake in Thor Industries by 4.1% in the fourth quarter. Vident Investment Advisory LLC now owns 32,083 shares of the construction company’s stock worth $3,210,000 after buying an additional 1,264 shares during the last quarter. Norges Bank bought a new stake in Thor Industries during the fourth quarter worth about $48,515,000. Putnam Investments LLC increased its stake in Thor Industries by 0.3% in the fourth quarter. Putnam Investments LLC now owns 40,733 shares of the construction company’s stock worth $4,075,000 after buying an additional 139 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Thor Industries by 8.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,140 shares of the construction company’s stock worth $814,000 after buying an additional 650 shares during the last quarter. Institutional investors own 90.70% of the company’s stock.

THO has been the subject of several recent research reports. SunTrust Banks, Inc. set a $125.00 price target on Thor Industries and gave the stock a “buy” rating in a research report on Thursday, April 20th. Citigroup Inc. reissued a “buy” rating and issued a $111.00 price target (down from $117.00) on shares of Thor Industries in a research report on Saturday, April 22nd. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Wednesday, May 10th. BMO Capital Markets reaffirmed a “market perform” rating and set a $110.00 target price (up from $97.00) on shares of Thor Industries in a research report on Tuesday, June 6th. Finally, Off Wall Street initiated coverage on Thor Industries in a research report on Thursday, June 29th. They set a “sell” rating and a $75.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $107.06.

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.

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