Shares of Thor Industries, Inc. (NYSE:THO) have earned a consensus recommendation of “Buy” from the fifteen analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $108.07.
Several equities research analysts recently weighed in on THO shares. Stifel Nicolaus reaffirmed a “hold” rating on shares of Thor Industries in a report on Wednesday, August 16th. BidaskClub raised shares of Thor Industries from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Zacks Investment Research raised shares of Thor Industries from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Saturday, June 24th. Citigroup Inc. reiterated a “buy” rating and issued a $118.00 price target (up from $111.00) on shares of Thor Industries in a research report on Friday, June 9th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $110.00 price target on shares of Thor Industries in a research report on Thursday, July 13th.
In other Thor Industries news, Director Alan Siegel sold 1,000 shares of the business’s 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 owns 4,988 shares in the company, valued at approximately $545,936.60. The transaction was disclosed in a filing with the SEC, which is available through this link. 6.60% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of THO. Creative Planning increased its stake in Thor Industries by 467.9% in the first quarter. Creative Planning now owns 6,025 shares of the construction company’s stock valued at $579,000 after buying an additional 4,964 shares during the last quarter. Atria Investments LLC increased its stake in Thor Industries by 6.1% in the first quarter. Atria Investments LLC now owns 2,219 shares of the construction company’s stock valued at $213,000 after buying an additional 128 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in Thor Industries by 2.5% in the first quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the construction company’s stock valued at $1,163,000 after buying an additional 300 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Thor Industries by 130.4% in the first quarter. Nisa Investment Advisors LLC now owns 26,500 shares of the construction company’s stock valued at $2,547,000 after buying an additional 15,000 shares during the last quarter. Finally, Retirement Systems of Alabama increased its stake in Thor Industries by 13.2% in the first quarter. Retirement Systems of Alabama now owns 161,580 shares of the construction company’s stock valued at $15,533,000 after buying an additional 18,785 shares during the last quarter. Hedge funds and other institutional investors own 89.62% of the company’s stock.
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Thor Industries (NYSE THO) traded down 0.03% on Tuesday, hitting $103.41. 105,296 shares of the company’s stock traded hands. Thor Industries has a one year low of $74.00 and a one year high of $115.74. The stock has a 50-day moving average of $104.41 and a 200-day moving average of $101.08. The stock has a market cap of $5.44 billion, a PE ratio of 16.14 and a beta of 1.40.
Thor Industries (NYSE:THO) last posted its quarterly earnings data on Monday, June 5th. The construction company reported $2.11 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.24. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.96 billion. Thor Industries had a net margin of 5.11% and a return on equity of 24.83%. The company’s quarterly revenue was up 56.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.51 earnings per share. On average, equities analysts forecast that Thor Industries will post $6.77 earnings per share for the current fiscal year.
About Thor Industries
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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