Somewhat Positive Press Coverage Somewhat Unlikely to Affect Thor Industries (THO) Stock Price

News coverage about Thor Industries (NYSE:THO) has trended somewhat positive on Wednesday, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Thor Industries earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave news headlines about the construction company an impact score of 46.97105306917 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the headlines that may have effected Accern Sentiment’s scoring:

Thor Industries (THO) traded up $1.68 during mid-day trading on Wednesday, hitting $151.08. 457,703 shares of the stock were exchanged, compared to its average volume of 704,624. Thor Industries has a twelve month low of $87.96 and a twelve month high of $156.86. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.50 and a quick ratio of 0.91. The firm has a market capitalization of $7,912.06, a price-to-earnings ratio of 18.70 and a beta of 1.45.

Thor Industries (NYSE:THO) last released its quarterly earnings results on Monday, November 27th. The construction company reported $2.43 earnings per share (EPS) for the quarter, beating the Zacks’ 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 analyst estimates of $1.99 billion. During the same quarter in the previous year, the business earned $1.49 earnings per share. The firm’s revenue was up 30.6% compared to the same quarter last year. equities research analysts predict that Thor Industries will post 9.14 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 9th. Stockholders of record on Tuesday, December 26th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, December 22nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.98%. Thor Industries’s dividend payout ratio is currently 18.43%.

A number of analysts have recently weighed in on the stock. Argus lowered shares of Thor Industries from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. BMO Capital Markets upped their price target on shares of Thor Industries to $150.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 28th. Robert W. Baird reaffirmed a “buy” rating and issued a $136.00 price target on shares of Thor Industries in a research note on Wednesday, November 1st. Citigroup upped their price target on shares of Thor Industries from $118.00 to $146.00 and gave the stock a “buy” rating in a research note on Monday, October 2nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $114.00 price target (up from $110.00) on shares of Thor Industries in a research note on Saturday, September 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $124.33.

In other Thor Industries news, Director Alan Siegel sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $153.75, for a total value of $153,750.00. Following the transaction, the director now owns 4,988 shares in the company, valued at approximately $766,905. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Peter Busch Orthwein sold 2,784 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $115.00, for a total transaction of $320,160.00. Following the completion of the transaction, the chairman now owns 1,396,352 shares in the company, valued at approximately $160,580,480. The disclosure for this sale can be found here. 5.10% of the stock is owned by 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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