BMO Capital Markets reissued their hold rating on shares of Thor Industries, Inc. (NYSE:THO) in a research report sent to investors on Friday.
THO has been the subject of several other reports. BidaskClub lowered shares of Thor Industries from a hold rating to a sell rating in a research note on Thursday, July 27th. Zacks Investment Research raised shares of Thor Industries from a hold rating to a buy rating and set a $122.00 target price for the company in a research note on Wednesday. Citigroup Inc. reissued a buy rating and set a $118.00 target price (up from $111.00) on shares of Thor Industries in a research note on Friday, June 9th. Sidoti started coverage on shares of Thor Industries in a research note on Friday, August 11th. They set a buy rating and a $133.00 target price for the company. Finally, Stifel Nicolaus reissued a hold rating on shares of Thor Industries in a research note on Wednesday, August 16th. One 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. The stock presently has an average rating of Buy and an average price target of $109.39.
Shares of Thor Industries (NYSE THO) traded up 0.34% on Friday, reaching $109.01. 438,353 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $105.15 and its 200-day moving average price is $101.07. Thor Industries has a 1-year low of $74.00 and a 1-year high of $115.74. The company has a market capitalization of $5.73 billion, a P/E ratio of 17.01 and a beta of 1.38.
Thor Industries (NYSE:THO) last released its earnings results on Monday, June 5th. The construction company reported $2.11 EPS for the quarter, beating the consensus estimate of $1.87 by $0.24. Thor Industries had a net margin of 5.11% and a return on equity of 24.83%. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the business earned $1.51 earnings per share. The business’s quarterly revenue was up 56.9% on a year-over-year basis. Analysts anticipate that Thor Industries will post $6.78 EPS for the current fiscal year.
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In other news, Director Alan Siegel sold 1,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 4,988 shares in the company, valued at $545,936.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.60% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mountain Capital Investment Advisors Inc bought a new position in Thor Industries during the second quarter valued at $244,000. Public Employees Retirement System of Ohio raised its position in Thor Industries by 34.5% in 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 in the last quarter. Verition Fund Management LLC bought a new position in Thor Industries during the second quarter valued at $1,371,000. Ameritas Investment Partners Inc. raised its position in Thor Industries by 1.5% in 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 in the last quarter. Finally, Castleark Management LLC bought a new position in Thor Industries during the second quarter valued at $504,000. Hedge funds and other institutional investors own 89.67% of the company’s stock.
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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