Thor Industries Inc. (THO) Shares Gap Up to $79.46
Thor Industries Inc. (NYSE:THO)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $79.17, but opened at $79.46. Thor Industries shares last traded at $79.92, with a volume of 217,199 shares trading hands.
Several research firms have recently weighed in on THO. Wunderlich lifted their price objective on Thor Industries from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 7th. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research report on Thursday, July 14th. BMO Capital Markets lowered Thor Industries from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $72.00 to $67.00 in a research report on Wednesday, June 8th. They noted that the move was a valuation call. SunTrust Banks Inc. raised Thor Industries from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $65.00 to $90.00 in a research report on Friday, July 29th. Finally, Wellington Shields raised Thor Industries from a “hold” rating to a “gradually accumulate” rating in a research report on Monday, June 27th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $74.33.
The firm has a market cap of $4.20 billion and a P/E ratio of 17.36. The stock has a 50 day moving average of $75.24 and a 200-day moving average of $65.08.
Thor Industries (NYSE:THO) last posted its quarterly earnings results on Monday, June 6th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.08. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the firm posted $1.19 earnings per share. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. Analysts anticipate that Thor Industries Inc. will post $4.68 earnings per share for the current fiscal year.
A number of hedge funds and institutional investors have recently modified their holdings of THO. Airain ltd raised 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 last quarter. Dimensional Fund Advisors LP raised its position in shares of Thor Industries by 4.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,255,413 shares of the company’s stock valued at $70,494,000 after buying an additional 56,080 shares during the last quarter. Matarin Capital Management LLC purchased a new position in shares of Thor Industries during the fourth quarter valued at $7,180,000. US Bancorp DE raised 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 last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of Thor Industries by 219.6% in the fourth quarter. Advisors Asset Management Inc. now owns 23,437 shares of the company’s stock valued at $1,316,000 after buying an additional 16,104 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.