Thor Industries (THO) Getting Somewhat Favorable News Coverage, Accern Reports
Media headlines about Thor Industries (NYSE:THO) have been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Thor Industries earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned media headlines about the construction company an impact score of 47.3546157766163 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Thor Industries, Inc. (THO) Coverage Initiated by Analysts at Sidoti (americanbankingnews.com)
- Thor Industries, Inc. (THO) Holdings Decreased by Victory Capital Management Inc – ExpressNewsline (expressnewsline.com)
- Norges Bank Increases Its Ownership in Thor Industries, Inc. (THO) Stock Last Quarter – First News 24 (firstnewspaper24.com)
- See what the IHS Markit Score report has to say about Thor Industries Inc. (finance.yahoo.com)
- Recreational vehicle market forecast 2017-2025 examined in new market research report (whatech.com)
Thor Industries (NYSE:THO) opened at 104.55 on Friday. The stock has a 50 day moving average of $105.00 and a 200-day moving average of $101.08. Thor Industries has a 12 month low of $74.00 and a 12 month high of $115.74. The stock has a market cap of $5.50 billion, a P/E ratio of 16.32 and a beta of 1.40.
Thor Industries (NYSE:THO) last issued its quarterly earnings results on Monday, June 5th. The construction company reported $2.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.24. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Thor Industries had a net margin of 5.11% and a return on equity of 24.83%. The business’s quarterly revenue was up 56.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.51 earnings per share. On average, equities analysts forecast that Thor Industries will post $6.76 EPS for the current fiscal year.
Several equities research analysts have recently commented on THO shares. BidaskClub lowered shares of Thor Industries from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Citigroup Inc. restated a “buy” rating and issued a $111.00 price target (down previously from $117.00) on shares of Thor Industries in a report on Saturday, April 22nd. BMO Capital Markets lowered shares of Thor Industries from an “outperform” rating to a “market perform” rating in a report on Thursday, July 6th. Zacks Investment Research lowered shares of Thor Industries from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Finally, Stifel Nicolaus started coverage on shares of Thor Industries in a report on Thursday, July 6th. They issued a “hold” rating and a $110.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $109.22.
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In related news, Director Alan Siegel sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $103.19, for a total value of $103,190.00. Following the sale, the director now owns 5,988 shares of the company’s stock, valued at $617,901.72. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 6.60% of the stock is owned by company insiders.
About Thor Industries
Thor Industries, Inc manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. The Company’s segments include towable recreational vehicles, which consists of the operations of Airstream, Inc (Airstream) (towable); Heartland Recreational Vehicles, LLC (Heartland) (including Bison Coach, LLC (Bison), Cruiser RV, LLC (CRV) and DRV, LLC (DRV)); Jayco, Corp.
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