Thor Industries Inc. (NYSE:THO) Chairman Peter Busch Orthwein sold 4,672 shares of the company’s stock in a transaction on Thursday, September 29th. The shares were sold at an average price of $85.69, for a total value of $400,343.68. Following the completion of the sale, the chairman now owns 1,400,252 shares in the company, valued at $119,987,593.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Thor Industries Inc. (NYSE:THO) opened at 84.70 on Friday. The firm’s 50-day moving average price is $80.71 and its 200-day moving average price is $70.08. Thor Industries Inc. has a 52 week low of $47.56 and a 52 week high of $87.08. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 17.35 and a beta of 1.17.
Thor Industries (NYSE:THO) last released its quarterly earnings data on Monday, September 26th. The company reported $1.57 EPS for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.24. Thor Industries had a net margin of 5.60% and a return on equity of 22.50%. The business earned $1.29 billion during the quarter. During the same quarter in the prior year, the company earned $1.31 EPS. Thor Industries’s quarterly revenue was up 22.2% on a year-over-year basis. Equities research analysts expect that Thor Industries Inc. will post $5.89 EPS for the current fiscal year.
Several analysts have recently issued reports on the company. Wellington Shields upgraded Thor Industries from a “hold” rating to a “gradually accumulate” rating in a research report on Monday, June 27th. Zacks Investment Research upgraded Thor Industries from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research report on Thursday, June 9th. SunTrust Banks Inc. upgraded Thor Industries from a “neutral” rating to a “buy” rating and increased their target price for the stock from $65.00 to $90.00 in a research report on Friday, July 29th. BMO Capital Markets reiterated a “hold” rating on shares of Thor Industries in a research report on Wednesday. Finally, Wunderlich upped their price target on Thor Industries from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, June 7th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Thor Industries currently has an average rating of “Buy” and an average price target of $77.29.
Hedge funds have recently added to or reduced their stakes in the stock. Investec Asset Management LTD purchased a new position in Thor Industries during the first quarter worth about $117,584,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in Thor Industries during the second quarter worth about $35,824,000. Goldman Sachs Group Inc. boosted its position in Thor Industries by 161.3% in the first quarter. Goldman Sachs Group Inc. now owns 410,690 shares of the company’s stock worth $26,190,000 after buying an additional 253,519 shares during the period. Scout Investments Inc. boosted its position in Thor Industries by 24.8% in the second quarter. Scout Investments Inc. now owns 891,939 shares of the company’s stock worth $57,744,000 after buying an additional 177,444 shares during the period. Finally, Origin Asset Management LLP purchased a new position in Thor Industries during the first quarter worth about $9,830,000. Institutional investors and hedge funds own 85.69% of the company’s stock.
About Thor Industries
Thor Industries, Inc (Thor), manufactures and sells various recreational vehicles (RV) throughout the United States and Canada, as well as related parts and accessories. The principal types of The Company’s towable recreational vehicles that the Company produces include conventional travel trailers and fifth wheels.
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