Thor Industries Inc. (THO) Reaches New 12-Month High at $78.15
Thor Industries Inc. (NYSE:THO)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $78.15 and last traded at $78.03, with a volume of 159,255 shares trading hands. The stock had previously closed at $76.60.
THO has been the topic of a number of recent analyst 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 $84.00 price target on the stock in a research report on Wednesday, August 3rd. SunTrust Banks Inc. raised shares of Thor Industries from a “neutral” rating to a “buy” rating and lifted their price target for the company from $65.00 to $90.00 in a research report on Friday, July 29th. BMO Capital Markets lowered shares of Thor Industries from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $72.00 to $67.00 in a research report on Wednesday, June 8th. They noted that the move was a valuation call. Finally, 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 note on Tuesday, June 7th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Thor Industries presently has an average rating of “Buy” and an average price target of $74.33.
The firm has a 50 day moving average price of $71.85 and a 200-day moving average price of $63.20. The firm has a market cap of $4.10 billion and a PE ratio of 16.97.
Thor Industries (NYSE:THO) last released its quarterly earnings results on Monday, June 6th. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.08. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.29 billion. The company’s revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company earned $1.19 EPS. Analysts forecast that Thor Industries Inc. will post $4.68 EPS for the current fiscal year.
Other institutional investors have recently added to or reduced their stakes in the company. BlackRock Advisors LLC increased its position in Thor Industries by 6.1% in the fourth quarter. BlackRock Advisors LLC now owns 199,912 shares of the company’s stock worth $11,225,000 after buying an additional 11,503 shares during the period. Airain ltd increased its position in Thor Industries by 104.7% in the fourth quarter. Airain ltd now owns 17,941 shares of the company’s stock worth $1,007,000 after buying an additional 9,178 shares during the period. Dimensional Fund Advisors LP increased its position in Thor Industries by 4.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,255,413 shares of the company’s stock worth $70,494,000 after buying an additional 56,080 shares during the period. Matarin Capital Management LLC purchased a new position in Thor Industries during the fourth quarter worth $7,180,000. Finally, Dean Investment Associates LLC increased its position in Thor Industries by 61.3% in the fourth quarter. Dean Investment Associates LLC now owns 71,370 shares of the company’s stock worth $4,007,000 after buying an additional 27,125 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.
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.