Investors Sell Shares of Thor Industries, Inc. (THO) on Strength (THO)
Investors sold shares of Thor Industries, Inc. (NYSE:THO) on strength during trading hours on Tuesday. $16.39 million flowed into the stock on the tick-up and $33.66 million flowed out of the stock on the tick-down, for a money net flow of $17.27 million out of the stock. Of all stocks tracked, Thor Industries had the 0th highest net out-flow for the day. Thor Industries traded up $1.73 for the day and closed at $110.74
Several research firms have recently commented on THO. BidaskClub upgraded Thor Industries from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Zacks Investment Research lowered Thor Industries from a “buy” rating to a “hold” rating in a report on Saturday, September 2nd. Citigroup Inc. reiterated a “buy” rating and set a $118.00 price target (up previously from $111.00) on shares of Thor Industries in a report on Friday, June 9th. BMO Capital Markets reiterated a “hold” rating and set a $110.00 price target on shares of Thor Industries in a report on Friday, September 1st. Finally, Sidoti assumed coverage on Thor Industries in a report on Friday, August 11th. They set a “buy” rating and a $133.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $109.39.
The stock has a market capitalization of $5.77 billion, a P/E ratio of 17.12 and a beta of 1.38. The firm’s 50-day moving average is $105.51 and its 200-day moving average is $100.94.
Thor Industries (NYSE:THO) last released its quarterly earnings data on Monday, June 5th. The construction company reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.24. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.96 billion. Thor Industries had a return on equity of 24.83% and a net margin of 5.11%. The company’s quarterly revenue was up 56.9% compared to the same quarter last year. During the same period last year, the business posted $1.51 EPS. On average, analysts anticipate that Thor Industries, Inc. will post $6.78 earnings per share for the current year.
In other news, Director Alan Siegel sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $109.45, for a total value of $109,450.00. Following the transaction, the director now directly owns 4,988 shares in the company, valued at approximately $545,936.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 6.60% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in THO. Profund Advisors LLC raised its holdings in shares of Thor Industries by 3.4% in the 1st quarter. Profund Advisors LLC now owns 6,547 shares of the construction company’s stock worth $629,000 after purchasing an additional 216 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Thor Industries in the 1st quarter worth about $882,000. DUPONT CAPITAL MANAGEMENT Corp raised its holdings in shares of Thor Industries by 10.6% in the 1st quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 7,885 shares of the construction company’s stock worth $758,000 after purchasing an additional 755 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in shares of Thor Industries by 1.2% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 16,781 shares of the construction company’s stock worth $1,613,000 after purchasing an additional 200 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Thor Industries in the 1st quarter worth about $10,094,000. Institutional investors own 89.66% of the company’s stock.
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Thor Industries Company Profile
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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