Thor Industries (NYSE:THO) Earning Somewhat Favorable Media Coverage, Report Finds
Headlines about Thor Industries (NYSE:THO) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public 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 0.01 on Accern’s scale. Accern also assigned press coverage about the construction company an impact score of 46.24364955495 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern’s analysis:
- Should You Buy The Winnebago Pullback? – Seeking Alpha (seekingalpha.com)
- Thor Industries, Inc. (THO) At $139.82 Forms Top; Greenwood Gearhart Trimmed Koninklijke Philips NV Ny Reg Sh … – Teletechwire (press release) (teletechwire.com)
- Why Shares of Winnebago and Thor Dropped Today – Motley Fool (fool.com)
- Winnebago, Thor Industries Trigger Sell Signal As Analyst Says RV Inventories ‘Unsustainable’ – Investor’s Business Daily (investors.com)
Several equities research analysts recently weighed in on the stock. Robert W. Baird reiterated a “buy” rating and issued a $136.00 target price on shares of Thor Industries in a research note on Wednesday, November 1st. ValuEngine upgraded shares of Thor Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Northcoast Research lowered shares of Thor Industries from a “buy” rating to a “neutral” rating and set a $150.00 target price for the company. in a research report on Friday. Citigroup lifted their target price on shares of Thor Industries from $118.00 to $146.00 and gave the company a “buy” rating in a research report on Monday, October 2nd. Finally, BMO Capital Markets lifted their target price on shares of Thor Industries to $150.00 and gave the company a “market perform” rating in a research report on Tuesday, November 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $125.64.
Thor Industries (NYSE:THO) last posted its earnings results on Monday, November 27th. The construction company reported $2.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.59. Thor Industries had a net margin of 5.46% and a return on equity of 27.76%. The business had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the prior year, the business earned $1.49 EPS. The business’s revenue for the quarter was up 30.6% compared to the same quarter last year. equities research analysts forecast that Thor Industries will post 9.1 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 9th. Investors of record on Tuesday, December 26th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Friday, December 22nd. Thor Industries’s payout ratio is 18.43%.
In related news, Director Alan Siegel sold 1,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $153.75, for a total transaction of $153,750.00. Following the transaction, the director now owns 4,988 shares of the company’s stock, valued at approximately $766,905. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 5.10% of the stock is currently owned by corporate insiders.
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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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