Company shares are trading at $130.52 just a bit higher than the 50 day moving average which is $121.20 and a great deal higher than the 200 day moving average of $105.73. The 50 day moving average went up by +7.69% whereas the 200 day moving average was up $24.79 or +23.45%. Trading volume for Thor Industries, Inc. was 691K on Tuesday. Shares saw a steep increase in trading volume of 57.82% over the normal average daily volume.
Investors are feeling more bullish on shares of Thor Industries, Inc. lately as shown by the fall in short interest. The firm experienced a fall in short interest between September 15, 2017 and September 29, 2017 of -10.47%. Short shares fell 350,804 over that period. The short-interest ratio decreased to 3.0 and the percentage of shorted shares is 0.06% as of September 29.
These firms have modified their investment in THO. As of quarter end Seabridge Investment Advisors LLC had disposed of 142 shares trimming its stake by 0.8%. The value of the total investment in Thor Industries, Inc. increased from $1,914,000 to $2,288,000 a change of $374,000 for the reporting period. As of the end of the quarter State Treasurer State Of Michigan had sold a total of 1,300 shares trimming its position 6.6%. The value of the investment in Thor Industries, Inc. went from $2,059,000 to $2,317,000 a change of 12.5% quarter to quarter.
As of quarter end Sit Investment Associates Inc had acquired 7,975 shares growing its holdings by 26.9%. The value of the investment in THO went from $3,096,000 to $4,734,000 increasing 52.9% quarter over quarter. Reilly Financial Advisors, LLC divested its holdings by shedding 913 shares a decrease of 90.1% in the quarter. Reilly Financial Advisors, LLC currently owns 100 shares worth $13,000. The value of the position overall is up by 44.4%.
On July 7 analysts at Stifel Nicolaus initiated coverage on the stock by announcing an initial rating of “Hold”. Equity analyst Aegis Capital started coverage giving it an initial rating of “Hold”.
September 28 investment analysts at Baird kept the company rating at “Outperform” but moved up the price target from $65.00 to $136.00. On October 2 Citigroup made no change to the company rating of “Buy” and moved up the price target to $146.00 from $60.00.
The company is trading down by 0.92% percent from yesterday’s close. The company recently declared a dividend for shareholders that will be paid on Tuesday the 7th of November 2017. The dividend payment will be $0.370 per share for the quarter which comes to $1.48 on an annualized basis. This dividend amount will represent a yield of $1.14. The ex-dividend date will be Monday the 23rd of October 2017.
The P/E ratio is 18.41 and market cap is 6.86B. As of the latest earnings report the EPS was $7.09 and is projected to be $8.18 for the current year with 52,586,000 shares outstanding. Analysts expect next quarter’s EPS to be $1.55 and the next full year EPS is projected to be $8.93.
Thor Industries, Inc., launched on July 26, 1983, manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily throughout the United States and Canada, as well as related parts and accessories. The Business’s segments include towable recreational vehicles, motorized recreational vehicles and Other. The towable recreational vehicle segment includes 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. (Jayco) (including Jayco towable, Starcraft and Highland Ridge), Keystone RV Company (Keystone) (including CrossRoads and Dutchmen) and K.Z., Inc. (KZ) (including Livin’ Lite RV, Inc. (Livin’ Lite)). The motorized recreational vehicle segment includes the operations of Airstream (motorized), Jayco (including Jayco motorized and Entegra Coach) and Thor Motor Coach, Inc. (Thor Motor Coach). Its Other segment includes the operations of its subsidiary, Postle Operating, LLC (Postle)..