Thor Industries Inc. (THO) Sets New 12-Month High at $80.48
Thor Industries Inc. (NYSE:THO) reached a new 52-week high during trading on Wednesday . The stock traded as high as $80.48 and last traded at $80.37, with a volume of 133,351 shares changing hands. The stock had previously closed at $80.01.
Several research firms recently commented on THO. Wunderlich cut Thor Industries from a “buy” rating to a “hold” rating and set a $80.00 price objective on the stock. in a research report on Friday, August 19th. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a research report on Wednesday, August 3rd. SunTrust Banks Inc. raised Thor Industries from a “neutral” rating to a “buy” rating and increased their price objective for the company from $65.00 to $90.00 in a research report on Friday, July 29th. Wellington Shields raised Thor Industries from a “hold” rating to a “gradually accumulate” rating in a research report on Monday, June 27th. Finally, BMO Capital Markets cut Thor Industries from an “outperform” rating to a “market perform” rating and dropped their price objective 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. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $74.33.
The firm’s 50-day moving average price is $75.88 and its 200-day moving average price is $65.29. The stock has a market cap of $4.21 billion and a P/E ratio of 17.43.
Thor Industries (NYSE:THO) last released its quarterly earnings results on Monday, June 6th. The company reported $1.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.08. The company earned $1.28 billion during the quarter, compared to the consensus estimate of $1.29 billion. The company’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.19 earnings per share. On average, analysts forecast that Thor Industries Inc. will post $4.68 EPS for the current year.
Other hedge funds and institutional investors recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its position in 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 last quarter. Airain ltd raised its position in 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. Finally, Advisors Asset Management Inc. raised its position in 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.
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