THO has been the subject of several other research reports. Wellington Shields raised shares of Thor Industries from a hold rating to a gradually accumulate rating in a research report on Monday, June 27th. Zacks Investment Research raised shares of Thor Industries from a hold rating to a buy rating and set a $76.00 price objective for the company in a report on Thursday, June 9th. SunTrust Banks Inc. raised shares of Thor Industries from a neutral rating to a buy rating and raised their price objective for the stock from $65.00 to $90.00 in a report 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 report on Tuesday, June 7th. Finally, Northcoast Research raised shares of Thor Industries from a neutral rating to a buy rating and set a $95.00 price objective for the company in a report on Tuesday, September 13th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $77.29.
Thor Industries (NYSE:THO) opened at 85.85 on Wednesday. Thor Industries has a 12-month low of $47.56 and a 12-month high of $87.08. The company has a market cap of $4.51 billion, a PE ratio of 17.59 and a beta of 1.26. The firm 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 posted its quarterly earnings results on Monday, September 26th. The company reported $1.57 earnings per share (EPS) for the quarter, topping 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 firm earned $1.29 billion during the quarter. During the same period last year, the company earned $1.31 EPS. The business’s revenue for the quarter was up 22.2% on a year-over-year basis. On average, analysts anticipate that Thor Industries will post $5.89 earnings per share for the current fiscal year.
In other news, Chairman Peter Busch Orthwein sold 4,672 shares of the 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 sale, the chairman now directly owns 1,400,252 shares of the company’s stock, valued at $119,987,593.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.80% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. M&T Bank Corp boosted its stake in Thor Industries by 6.6% in the first quarter. M&T Bank Corp now owns 3,897 shares of the company’s stock valued at $249,000 after buying an additional 242 shares during the period. Menta Capital LLC acquired a new position in shares of Thor Industries during the first quarter worth about $287,000. C M Bidwell & Associates Ltd. boosted its position in shares of Thor Industries by 1,776.4% in the first quarter. C M Bidwell & Associates Ltd. now owns 58,920 shares of the company’s stock worth $3,757,000 after buying an additional 55,780 shares during the last quarter. BlackRock Japan Co. Ltd boosted its position in shares of Thor Industries by 37.0% in the first quarter. BlackRock Japan Co. Ltd now owns 4,217 shares of the company’s stock worth $269,000 after buying an additional 1,138 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Thor Industries by 3.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,464,991 shares of the company’s stock worth $93,422,000 after buying an additional 51,432 shares during the last quarter. 85.69% of the stock is currently owned by institutional investors and hedge funds.
Thor Industries Company Profile
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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