Thor Industries, Inc. (NYSE:THO) – Research analysts at SunTrust Banks raised their Q1 2018 earnings per share estimates for Thor Industries in a report released on Wednesday. SunTrust Banks analyst M. Swartz now anticipates that the construction company will post earnings of $1.87 per share for the quarter, up from their prior forecast of $1.74. SunTrust Banks has a “Buy” rating on the stock. SunTrust Banks also issued estimates for Thor Industries’ Q3 2018 earnings at $2.40 EPS, Q4 2018 earnings at $2.31 EPS and FY2018 earnings at $8.05 EPS.
Other equities analysts also recently issued reports about the company. Zacks Investment Research upgraded Thor Industries from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a research note on Thursday, June 8th. Off Wall Street started coverage on shares of Thor Industries in a report on Thursday, June 29th. They issued a “sell” rating and a $75.00 target price on the stock. Stifel Nicolaus reissued a “hold” rating on shares of Thor Industries in a report on Thursday, September 21st. Robert W. Baird reissued an “outperform” rating and issued a $120.00 target price on shares of Thor Industries in a report on Thursday. Finally, Aegis started coverage on shares of Thor Industries in a report on Monday, September 11th. They issued a “hold” rating and a $113.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. Thor Industries presently has an average rating of “Buy” and a consensus price target of $114.05.
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Shares of Thor Industries (NYSE THO) opened at 125.91 on Friday. Thor Industries has a 12-month low of $74.00 and a 12-month high of $127.12. The stock has a market capitalization of $6.62 billion, a P/E ratio of 19.65 and a beta of 1.38. The stock has a 50 day moving average price of $107.11 and a 200 day moving average price of $100.92. Thor Industries also was the target of unusually large options trading on Thursday. Traders bought 11,709 call options on the company. This represents an increase of 587% compared to the typical volume of 1,704 call options.
Thor Industries (NYSE:THO) last posted its earnings results on Wednesday, September 27th. The construction company reported $2.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.95 by $0.31. Thor Industries had a return on equity of 26.04% and a net margin of 5.16%. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the previous year, the business earned $1.57 EPS. The business’s quarterly revenue was up 49.7% on a year-over-year basis.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mountain Capital Investment Advisors Inc bought a new stake in shares of Thor Industries during the second quarter valued at approximately $244,000. Public Employees Retirement System of Ohio raised its holdings in shares of Thor Industries by 34.5% during the second quarter. Public Employees Retirement System of Ohio now owns 37,259 shares of the construction company’s stock valued at $3,894,000 after buying an additional 9,553 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of Thor Industries during the second quarter valued at approximately $1,371,000. Ameritas Investment Partners Inc. raised its holdings in shares of Thor Industries by 1.5% during the second quarter. Ameritas Investment Partners Inc. now owns 14,320 shares of the construction company’s stock valued at $1,497,000 after buying an additional 214 shares during the last quarter. Finally, Castleark Management LLC bought a new stake in shares of Thor Industries during the second quarter valued at approximately $504,000. 89.48% of the stock is currently owned by institutional investors.
In other news, Chairman Peter Busch Orthwein sold 2,784 shares of Thor Industries stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $115.00, for a total transaction of $320,160.00. Following the sale, the chairman now owns 1,396,352 shares of the company’s stock, valued at $160,580,480. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 6.60% of the company’s stock.
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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