Thor Industries Inc. (NYSE:THO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday. The brokerage currently has a $96.00 price target on the stock. Zacks Investment Research’s target price would suggest a potential upside of 11.84% from the company’s previous close.
According to Zacks, “Thor Industries manufactures a wide range of recreational vehicles (RVs) at various manufacturing facilities located in Indiana and Ohio and sold through independent dealers in the U.S. and Canada. “
Several other research analysts have also recently commented on THO. BMO Capital Markets reiterated a “hold” rating on shares of Thor Industries in a report on Wednesday, September 28th. Northcoast Research upgraded shares of Thor Industries from a “neutral” rating to a “buy” rating and set a $95.00 target price for the company in a report on Tuesday, September 13th. Great Lakes Dredge & Dock Corp. upgraded shares of Thor Industries to a “buy” rating in a report on Wednesday, September 28th. Wellington Shields upgraded shares of Thor Industries from a “gradually accumulate” rating to a “buy” rating in a report on Wednesday, September 28th. Finally, Wunderlich cut shares of Thor Industries from a “buy” rating to a “hold” rating and set a $80.00 target price for the company. in a report on Friday, August 19th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $79.00.
Shares of Thor Industries (NYSE:THO) opened at 85.84 on Thursday. The stock has a 50 day moving average of $81.37 and a 200 day moving average of $70.67. The firm has a market cap of $4.51 billion, a price-to-earnings ratio of 17.59 and a beta of 1.26. Thor Industries has a 52-week low of $47.56 and a 52-week high of $87.08.
Thor Industries (NYSE:THO) last announced its quarterly earnings data 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. The company had revenue of $1.29 billion for the quarter. Thor Industries had a net margin of 5.60% and a return on equity of 22.50%. The business’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.31 EPS. Equities analysts predict that Thor Industries will post $5.89 EPS for the current fiscal year.
In other Thor Industries news, Chairman Peter Busch Orthwein sold 4,672 shares of Thor Industries stock in a transaction that occurred 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 directly owns 1,400,252 shares in the company, valued at $119,987,593.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.80% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Pinkerton Retirement Specialists LLC acquired a new stake in Thor Industries during the second quarter worth about $126,000. LS Investment Advisors LLC boosted its stake in Thor Industries by 65.7% in the second quarter. LS Investment Advisors LLC now owns 2,809 shares of the company’s stock worth $182,000 after buying an additional 1,114 shares during the period. Sawgrass Asset Management LLC acquired a new stake in Thor Industries during the second quarter worth about $216,000. Panagora Asset Management Inc. boosted its stake in Thor Industries by 133.6% in the second quarter. Panagora Asset Management Inc. now owns 3,838 shares of the company’s stock worth $248,000 after buying an additional 2,195 shares during the period. Finally, 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 worth $249,000 after buying an additional 242 shares during the period. Hedge funds and other institutional investors own 85.69% of the company’s stock.
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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