Thor Industries Inc. (NYSE:THO)’s share price 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 traded.

THO has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Thor Industries from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th. Wunderlich upped their price objective on shares of Thor Industries from $70.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, June 7th. BMO Capital Markets downgraded shares of Thor Industries from an “outperform” rating to a “market perform” rating and decreased their price objective 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. Wellington Shields upgraded shares of Thor Industries from a “hold” rating to a “gradually accumulate” rating in a report on Monday, June 27th. Finally, SunTrust Banks Inc. upgraded shares of 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. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $74.00.

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

Thor Industries (NYSE:THO) last issued its earnings results on Monday, June 6th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.08. The firm earned $1.28 billion during the quarter, compared to the consensus estimate of $1.29 billion. Thor Industries’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.19 earnings per share. Analysts anticipate that Thor Industries Inc. will post $4.68 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. OppenheimerFunds Inc. boosted 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 in the last quarter. US Bancorp DE boosted 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 valued at $2,157,000 after buying an additional 3,006 shares during the period. Wells Fargo & Company MN boosted its position in shares of Thor Industries by 3.0% in the fourth quarter. Wells Fargo & Company MN now owns 205,263 shares of the company’s stock valued at $11,525,000 after buying an additional 6,046 shares during the period. Airain ltd boosted its position in shares of Thor Industries by 104.7% in the fourth quarter. Airain ltd now owns 17,941 shares of the company’s stock valued at $1,007,000 after buying an additional 9,178 shares during the period. Finally, PNC Financial Services Group Inc. boosted 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 valued at $1,167,000 after buying an additional 9,450 shares during the period.

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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