Thor Industries, Inc. (NYSE:THO)‘s stock had its “hold” rating reaffirmed by Stifel Nicolaus in a report issued on Wednesday.
A number of other brokerages have also recently commented on THO. BidaskClub upgraded Thor Industries from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Zacks Investment Research upgraded Thor Industries from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Saturday, June 24th. Citigroup Inc. restated a “buy” rating and issued a $118.00 price target (up previously from $111.00) on shares of Thor Industries in a research report on Friday, June 9th. BMO Capital Markets restated a “hold” rating and issued a $110.00 price target on shares of Thor Industries in a research report on Thursday, July 13th. Finally, Off Wall Street assumed coverage on Thor Industries in a research note on Thursday, June 29th. They issued a “sell” rating and a $75.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. Thor Industries currently has a consensus rating of “Buy” and a consensus target price of $109.22.
Shares of Thor Industries (NYSE:THO) traded up 0.19% during midday trading on Wednesday, hitting $105.75. 418,914 shares of the stock traded hands. Thor Industries has a 1-year low of $74.00 and a 1-year high of $115.74. The stock has a 50 day moving average of $104.88 and a 200 day moving average of $101.05. The company has a market capitalization of $5.56 billion, a P/E ratio of 16.50 and a beta of 1.40.
Thor Industries (NYSE:THO) last issued its quarterly earnings results on Monday, June 5th. The construction company reported $2.11 EPS for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.24. Thor Industries had a return on equity of 24.83% and a net margin of 5.11%. The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter last year, the business earned $1.51 earnings per share. Thor Industries’s revenue was up 56.9% on a year-over-year basis. Equities research analysts predict that Thor Industries will post $6.77 earnings per share for the current fiscal year.
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In other news, Director Alan Siegel sold 1,000 shares of Thor Industries stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $109.45, for a total transaction of $109,450.00. Following the sale, the director now directly owns 4,988 shares of the company’s stock, valued at $545,936.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.60% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. World Asset Management Inc raised its stake in shares of Thor Industries by 0.8% in the second quarter. World Asset Management Inc now owns 3,751 shares of the construction company’s stock worth $392,000 after buying an additional 29 shares during the last quarter. FMR LLC raised its stake in shares of Thor Industries by 0.4% in the second quarter. FMR LLC now owns 8,046 shares of the construction company’s stock worth $841,000 after buying an additional 30 shares during the last quarter. Somerset Trust Co raised its stake in shares of Thor Industries by 0.8% in the second quarter. Somerset Trust Co now owns 6,697 shares of the construction company’s stock worth $700,000 after buying an additional 56 shares during the last quarter. Bbva Compass Bancshares Inc. raised its stake in shares of Thor Industries by 0.6% in the second quarter. Bbva Compass Bancshares Inc. now owns 14,956 shares of the construction company’s stock worth $1,564,000 after buying an additional 82 shares during the last quarter. Finally, State Treasurer State of Michigan raised its stake in shares of Thor Industries by 0.5% in the first quarter. State Treasurer State of Michigan now owns 19,400 shares of the construction company’s stock worth $1,865,000 after buying an additional 100 shares during the last quarter. 89.62% of the stock is currently owned by hedge funds and other institutional investors.
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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