THO has been the subject of several other reports. Wellington Shields upgraded shares of Thor Industries from a hold rating to a gradually accumulate rating in a research note on Monday, June 27th. Zacks Investment Research upgraded shares of Thor Industries from a hold rating to a buy rating and set a $76.00 target price for the company in a research note on Thursday, June 9th. SunTrust Banks Inc. upgraded shares of Thor Industries from a neutral rating to a buy rating and raised their target price for the company from $65.00 to $90.00 in a research note on Friday, July 29th. Wunderlich raised their price objective on shares of Thor Industries from $70.00 to $80.00 and gave the stock a buy rating in a research report on Tuesday, June 7th. Finally, BMO Capital Markets downgraded shares of Thor Industries from an outperform rating to a market perform rating and cut their price objective for the stock from $72.00 to $67.00 in a research report on Wednesday, June 8th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Thor Industries currently has a consensus rating of Buy and an average price target of $77.29.
Shares of Thor Industries (NYSE:THO) opened at 85.85 on Wednesday. Thor Industries has a 1-year low of $47.56 and a 1-year high of $87.08. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 17.59 and a beta of 1.26. The stock has a 50 day moving average price of $80.93 and a 200 day moving average price of $70.39.
Thor Industries (NYSE:THO) last issued its earnings results on Monday, September 26th. The company reported $1.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 last year, the business posted $1.31 earnings per share. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. Analysts forecast that Thor Industries will post $5.89 earnings per share for the current year.
In other news, Chairman Peter Busch Orthwein sold 4,672 shares of the firm’s stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $85.69, for a total transaction of $400,343.68. Following the transaction, the chairman now directly owns 1,400,252 shares of the company’s stock, valued at $119,987,593.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.80% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Manchester Capital Management LLC acquired a new position in shares of Thor Industries during the first quarter valued at approximately $118,000. Pinkerton Retirement Specialists LLC acquired a new position in shares of Thor Industries during the second quarter valued at approximately $126,000. LS Investment Advisors LLC boosted its position in shares of Thor Industries by 65.7% in the second quarter. LS Investment Advisors LLC now owns 2,809 shares of the company’s stock valued at $182,000 after buying an additional 1,114 shares in the last quarter. Sawgrass Asset Management LLC acquired a new position in shares of Thor Industries during the second quarter valued at approximately $216,000. Finally, Panagora Asset Management Inc. boosted its position in shares of Thor Industries by 133.6% in the second quarter. Panagora Asset Management Inc. now owns 3,838 shares of the company’s stock valued at $248,000 after buying an additional 2,195 shares in the last quarter. 85.69% of the stock is currently owned by institutional investors.
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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