Thor Industries Inc. (THO) Reaches New 1-Year High at $81.76
Thor Industries Inc. (NYSE:THO) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $81.76 and last traded at $81.41, with a volume of 156,375 shares traded. The stock had previously closed at $81.49.
Several equities research analysts have issued reports on the company. Wellington Shields upgraded Thor Industries from a “hold” rating to a “gradually accumulate” rating in a report on Monday, June 27th. Zacks Investment Research cut Thor Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, May 11th. SunTrust Banks Inc. raised Thor Industries from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $65.00 to $90.00 in a research report on Friday, July 29th. Wunderlich upped their price objective on Thor Industries from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, June 7th. Finally, BMO Capital Markets cut Thor Industries from an “outperform” rating to a “market perform” rating and reduced their price objective 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. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Thor Industries has an average rating of “Buy” and a consensus price target of $74.33.
The stock has a market capitalization of $4.26 billion and a P/E ratio of 17.61. The firm has a 50-day moving average of $76.95 and a 200-day moving average of $66.34.
Thor Industries (NYSE:THO) last announced its 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 had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.29 billion. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.19 earnings per share. Equities analysts anticipate that Thor Industries Inc. will post $4.69 EPS for the current fiscal year.
A hedge fund recently raised its stake in Thor Industries stock. Wells Fargo & Company MN increased its stake in Thor Industries Inc. (NYSE:THO) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 205,263 shares of the company’s stock after buying an additional 6,046 shares during the period. Wells Fargo & Company MN owned about 0.39% of Thor Industries worth $11,525,000 as of its most recent filing with the SEC.
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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