Shares of Thor Industries Inc. (NYSE:THO) gapped up before the market opened on Friday . The stock had previously closed at $74.59, but opened at $75.14. Thor Industries shares last traded at $76.45, with a volume of 279,743 shares.

Several brokerages have recently issued reports on THO. SunTrust Banks Inc. raised Thor Industries from a “neutral” rating to a “buy” rating and set a $90.00 price objective on the stock in a report on Friday. Zacks Investment Research upgraded Thor Industries from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a report on Thursday, July 14th. Wellington Shields upgraded Thor Industries from a “hold” rating to a “gradually accumulate” rating in a report on Monday, June 27th. BMO Capital Markets lowered Thor Industries from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $72.00 to $67.00 in a report on Wednesday, June 8th. They noted that the move was a valuation call. Finally, Wunderlich increased their price target on Thor Industries from $70.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, June 7th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $74.00.

The company’s 50-day moving average is $69.19 and its 200 day moving average is $61.67. The firm has a market cap of $4.02 billion and a P/E ratio of 16.61.

Thor Industries (NYSE:THO) last issued its quarterly earnings results on Monday, June 6th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.08. The firm earned $1.28 billion during the quarter, compared to analyst estimates of $1.29 billion. The business’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.19 earnings per share. On average, analysts expect that Thor Industries Inc. will post $4.67 earnings per share for the current fiscal year.

Other institutional investors recently made changes to their positions in the company. OppenheimerFunds Inc. increased its position in shares of Thor Industries by 0.6% in the fourth quarter. OppenheimerFunds Inc. now owns 217,812 shares of the company’s stock worth $12,230,000 after buying an additional 1,327 shares during the last quarter. US Bancorp DE increased its position in shares of Thor Industries by 8.5% in the fourth quarter. US Bancorp DE now owns 38,411 shares of the company’s stock worth $2,157,000 after buying an additional 3,006 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of Thor Industries by 177.4% in the fourth quarter. GSA Capital Partners LLP now owns 38,525 shares of the company’s stock worth $2,163,000 after buying an additional 24,635 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Thor Industries by 83.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 20,782 shares of the company’s stock worth $1,167,000 after buying an additional 9,450 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of Thor Industries by 137.2% in the fourth quarter. Bank of Montreal Can now owns 41,154 shares of the company’s stock worth $2,310,000 after buying an additional 23,805 shares during the last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.