Thor Industries, Inc. (NYSE:THO)‘s stock had its “hold” rating restated by BMO Capital Markets in a report issued on Thursday, July 13th. They presently have a $110.00 price objective on the construction company’s stock. BMO Capital Markets’ price target points to a potential upside of 7.36% from the company’s previous close.
A number of other equities analysts have also issued reports on the company. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $117.00 price objective for the company in a report on Thursday, June 8th. Off Wall Street initiated coverage on Thor Industries in a report on Thursday, June 29th. They issued a “sell” rating and a $75.00 price objective for the company. SunTrust Banks, Inc. set a $125.00 price target on Thor Industries and gave the company a “buy” rating in a research note on Thursday, April 20th. Stifel Nicolaus initiated coverage on Thor Industries in a research note on Thursday, July 6th. They set a “hold” rating and a $110.00 price target for the company. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $118.00 price target (up from $111.00) on shares of Thor Industries in a research note on Friday, June 9th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. Thor Industries presently has a consensus rating of “Buy” and a consensus price target of $107.06.
Thor Industries (THO) opened at 102.46 on Thursday. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 15.98 and a beta of 1.40. The firm’s 50-day moving average is $105.52 and its 200 day moving average is $100.89. Thor Industries has a 1-year low of $74.00 and a 1-year high of $115.74.
Thor Industries (NYSE:THO) last announced its quarterly earnings results on Monday, June 5th. The construction company reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.24. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Thor Industries had a return on equity of 24.83% and a net margin of 5.11%. The business’s quarterly revenue was up 56.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.51 EPS. Equities analysts anticipate that Thor Industries will post $6.76 EPS for the current fiscal year.
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In other Thor Industries news, Director Alan Siegel sold 1,000 shares of the stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $109.45, for a total transaction of $109,450.00. Following the transaction, the director now directly owns 4,988 shares of the company’s stock, valued at $545,936.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.60% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in THO. 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 worth $1,163,000 after buying an additional 300 shares during the period. Atria Investments LLC boosted its position in shares of Thor Industries by 6.1% in the first quarter. Atria Investments LLC now owns 2,219 shares of the construction company’s stock worth $213,000 after buying an additional 128 shares in the last quarter. Winslow Evans & Crocker Inc. acquired a new position in shares of Thor Industries during the first quarter worth approximately $154,000. Private Trust Co. NA acquired a new position in shares of Thor Industries during the first quarter worth approximately $829,000. Finally, Capstone Asset Management Co. boosted its position in shares of Thor Industries by 3.2% in the first quarter. Capstone Asset Management Co. now owns 42,927 shares of the construction company’s stock worth $4,127,000 after buying an additional 1,321 shares in the last quarter. 90.42% of the stock is currently owned by institutional investors and hedge funds.
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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