Thor Industries (THO) Earning Somewhat Favorable Media Coverage, Report Shows

News coverage about Thor Industries (NYSE:THO) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Thor Industries earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned media coverage about the construction company an impact score of 46.9617334545514 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the news headlines that may have impacted Accern Sentiment’s analysis:

Several research firms recently commented on THO. Citigroup reduced their price target on shares of Thor Industries from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday. Zacks Investment Research raised shares of Thor Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, May 29th. Argus raised shares of Thor Industries from a “hold” rating to a “buy” rating in a research note on Friday, March 16th. They noted that the move was a valuation call. Stifel Nicolaus set a $124.00 price target on shares of Thor Industries and gave the stock a “hold” rating in a research note on Monday, May 7th. Finally, BMO Capital Markets raised shares of Thor Industries from a “market perform” rating to an “outperform” rating and set a $102.00 price target on the stock in a research note on Tuesday, May 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $121.33.

Shares of Thor Industries stock opened at $102.16 on Monday. The company has a current ratio of 1.67, a quick ratio of 0.96 and a debt-to-equity ratio of 0.04. Thor Industries has a 1 year low of $89.89 and a 1 year high of $161.48. The stock has a market cap of $5.38 billion, a price-to-earnings ratio of 14.41 and a beta of 1.30.

Thor Industries declared that its Board of Directors has initiated a stock buyback program on Wednesday, June 20th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase up to 4.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Monday, July 2nd will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Friday, June 29th. Thor Industries’s payout ratio is 20.87%.

Thor Industries Company Profile

Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles, and related parts and accessories primarily in the United States and Canada. It operates through Towable Recreational Vehicles and Motorized Recreational Vehicles segments. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, and Basecamp trade names, as well as Interstate series of Class B motorhomes; gasoline and diesel Class A and Class C motorhomes under the Four Winds, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, A.C.E., Alante, Precept, Greyhawk, and Redhawk trade names; and luxury Class A motorhomes under Insignia, Aspire, Anthem, and Cornerstone trade names.

Insider Buying and Selling by Quarter for Thor Industries (NYSE:THO)

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