BMO Capital Markets restated their hold rating on shares of Thor Industries, Inc. (NYSE:THO) in a report released on Friday morning.
A number of other brokerages have also recently weighed in on THO. BidaskClub upgraded shares of Thor Industries from a sell rating to a hold rating in a research note on Friday, August 4th. Citigroup Inc. restated a buy rating and set a $118.00 price objective (up from $111.00) on shares of Thor Industries in a research note on Friday, June 9th. Zacks Investment Research upgraded shares of Thor Industries from a hold rating to a buy rating and set a $122.00 price objective on the stock in a research note on Wednesday, August 30th. Sidoti assumed coverage on shares of Thor Industries in a research note on Friday, August 11th. They set a buy rating and a $133.00 price objective on the stock. Finally, Stifel Nicolaus assumed coverage on shares of Thor Industries in a research note on Thursday, July 6th. They set a hold rating and a $110.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. Thor Industries has a consensus rating of Buy and an average target price of $109.39.
Shares of Thor Industries (THO) opened at 109.01 on Friday. Thor Industries has a 12 month low of $74.00 and a 12 month high of $115.74. The stock has a market cap of $5.73 billion, a P/E ratio of 17.01 and a beta of 1.38. The stock’s 50 day moving average is $105.15 and its 200 day moving average is $101.07.
Thor Industries (NYSE:THO) last posted its earnings results on Monday, June 5th. The construction company reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.24. The company 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 firm’s quarterly revenue was up 56.9% compared to the same quarter last year. During the same period last year, the business posted $1.51 earnings per share. Analysts predict that Thor Industries will post $6.78 earnings per share for the current fiscal year.
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In related 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 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 filing with the SEC, which is available through this hyperlink. 6.60% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in THO. Profund Advisors LLC grew its holdings in Thor Industries by 3.4% during the first quarter. Profund Advisors LLC now owns 6,547 shares of the construction company’s stock worth $629,000 after acquiring an additional 216 shares during the period. Janney Montgomery Scott LLC acquired a new position in Thor Industries during the first quarter worth about $882,000. DUPONT CAPITAL MANAGEMENT Corp grew its holdings in Thor Industries by 10.6% during the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 7,885 shares of the construction company’s stock worth $758,000 after acquiring an additional 755 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in Thor Industries by 1.2% during the first quarter. Oregon Public Employees Retirement Fund now owns 16,781 shares of the construction company’s stock worth $1,613,000 after acquiring an additional 200 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in Thor Industries during the first quarter worth about $10,094,000. 89.66% 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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