Thor Industries Inc. (THO) Chairman Peter Busch Orthwein Sells 4,672 Shares of Stock
Thor Industries Inc. (NYSE:THO) Chairman Peter Busch Orthwein sold 4,672 shares of the stock in a transaction dated Thursday, September 29th. The stock was sold at an average price of $85.69, for a total value of $400,343.68. Following the transaction, the chairman now owns 1,400,252 shares in the company, valued at $119,987,593.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Thor Industries Inc. (NYSE:THO) opened at 84.70 on Friday. Thor Industries Inc. has a 1-year low of $47.56 and a 1-year high of $87.08. The stock has a 50 day moving average price of $80.71 and a 200-day moving average price of $70.08. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 17.35 and a beta of 1.17.
Thor Industries (NYSE:THO) last posted its quarterly earnings results on Monday, September 26th. The company reported $1.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.24. The company had revenue of $1.29 billion for the quarter. Thor Industries had a return on equity of 22.50% and a net margin of 5.60%. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period last year, the company earned $1.31 EPS. On average, equities research analysts expect that Thor Industries Inc. will post $5.89 earnings per share for the current fiscal year.
A number of research firms have recently commented on THO. Wunderlich raised their price objective on Thor Industries from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, June 7th. Zacks Investment Research upgraded Thor Industries from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a report on Thursday, July 14th. Great Lakes Dredge & Dock Corp. upgraded Thor Industries to a “buy” rating in a report on Wednesday. BMO Capital Markets restated a “hold” rating on shares of Thor Industries in a report on Wednesday. Finally, Northcoast Research upgraded Thor Industries from a “neutral” rating to a “buy” rating and set a $95.00 price objective on the stock in a report on Tuesday, September 13th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $77.29.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Genesee Valley Trust Co. increased its position in Thor Industries by 0.4% in the second quarter. Genesee Valley Trust Co. now owns 4,142 shares of the company’s stock worth $268,000 after buying an additional 15 shares during the period. Raymond James Trust N.A. increased its position in Thor Industries by 0.9% in the first quarter. Raymond James Trust N.A. now owns 3,942 shares of the company’s stock worth $251,000 after buying an additional 34 shares during the period. Cim LLC increased its position in Thor Industries by 0.7% in the second quarter. Cim LLC now owns 7,540 shares of the company’s stock worth $488,000 after buying an additional 50 shares during the period. CENTRAL TRUST Co increased its position in Thor Industries by 1.4% in the second quarter. CENTRAL TRUST Co now owns 4,564 shares of the company’s stock worth $295,000 after buying an additional 64 shares during the period. Finally, Riverhead Capital Management LLC increased its position in Thor Industries by 0.8% in the first quarter. Riverhead Capital Management LLC now owns 8,970 shares of the company’s stock worth $572,000 after buying an additional 70 shares during the period. 85.69% of the stock is currently owned by institutional investors.
Thor Industries Company Profile
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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