Thor Industries Inc. (NYSE:THO) Receives Average Recommendation of “Buy” from Analysts
Thor Industries Inc. (NYSE:THO) has received an average rating of “Buy” from the ten brokerages that are covering the firm. Three equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $82.57.
Several brokerages have recently commented on THO. Wellington Shields upgraded shares of Thor Industries from a “hold” rating to a “gradually accumulate” rating in a research report on Monday, June 27th. Argus reiterated a “buy” rating and set a $92.00 price objective on shares of Thor Industries in a research report on Sunday. SunTrust Banks Inc. upgraded shares of 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. BMO Capital Markets reiterated a “hold” rating on shares of Thor Industries in a research report on Wednesday, September 28th. Finally, Zacks Investment Research upgraded shares of Thor Industries from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a research report on Thursday.
In other Thor Industries news, Chairman Peter Busch Orthwein sold 4,672 shares of the company’s stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $85.69, for a total value of $400,343.68. Following the completion of the transaction, the chairman now directly owns 1,400,252 shares in the company, valued at approximately $119,987,593.88. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 8.80% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. Genesee Valley Trust Co. raised its stake 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 in the last quarter. Cim LLC raised its stake 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 in the last quarter. CENTRAL TRUST Co raised its stake 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 in the last quarter. Riverhead Capital Management LLC raised its stake 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 in the last quarter. Finally, M&T Bank Corp raised its stake in Thor Industries by 2.2% in the second quarter. M&T Bank Corp now owns 3,982 shares of the company’s stock worth $257,000 after buying an additional 85 shares in the last quarter. 85.70% of the stock is currently owned by institutional investors.
Shares of Thor Industries (NYSE:THO) traded up 0.41% during trading on Monday, reaching $85.20. 137,058 shares of the company’s stock were exchanged. The stock has a market cap of $4.47 billion, a PE ratio of 17.46 and a beta of 1.26. The stock’s 50 day moving average price is $81.75 and its 200-day moving average price is $70.93. Thor Industries has a 52-week low of $47.56 and a 52-week high of $87.08.
Thor Industries (NYSE:THO) last issued its earnings results on Monday, September 26th. The company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.33 by $0.24. The company earned $1.29 billion during the quarter. Thor Industries had a net margin of 5.60% and a return on equity of 22.50%. Thor Industries’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.31 earnings per share. On average, equities research analysts forecast that Thor Industries will post $5.89 EPS for the current year.
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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