Thor Industries, Inc. (THO) Earns Hold Rating from Analysts at Aegis
Aegis began coverage on shares of Thor Industries, Inc. (NYSE:THO) in a research report released on Monday morning, MarketBeat.com reports. The brokerage issued a hold rating and a $113.00 price objective on the construction company’s stock.
Other equities research analysts have also issued reports about the company. Zacks Investment Research upgraded Thor Industries from a hold rating to a buy rating and set a $117.00 price objective for the company in a research note on Thursday, June 8th. Off Wall Street started coverage on Thor Industries in a report on Thursday, June 29th. They set a sell rating and a $75.00 target price on the stock. BMO Capital Markets restated a hold rating and set a $110.00 target price on shares of Thor Industries in a report on Thursday, July 13th. Stifel Nicolaus started coverage on Thor Industries in a report on Thursday, July 6th. They set a hold rating and a $110.00 target price on the stock. Finally, Citigroup Inc. restated a buy rating and set a $118.00 target price (up from $111.00) on shares of Thor Industries in a report on Friday, June 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. Thor Industries has an average rating of Buy and a consensus target price of $110.89.
Shares of Thor Industries (NYSE:THO) opened at 112.62 on Monday. Thor Industries has a 1-year low of $74.00 and a 1-year high of $115.74. The company has a market capitalization of $5.92 billion, a price-to-earnings ratio of 17.57 and a beta of 1.38. The stock has a 50 day moving average price of $106.09 and a 200 day moving average price of $100.90.
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In related news, Director Alan Siegel sold 1,000 shares of the company’s stock in a transaction that occurred on 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 $545,936.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.60% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. World Asset Management Inc lifted its holdings in Thor Industries by 14.3% in the first quarter. World Asset Management Inc now owns 3,722 shares of the construction company’s stock valued at $358,000 after acquiring an additional 467 shares during the last quarter. Karp Capital Management Corp acquired a new position in Thor Industries in the first quarter valued at approximately $2,351,000. United Capital Financial Advisers LLC lifted its holdings in Thor Industries by 2.7% in the first quarter. United Capital Financial Advisers LLC now owns 13,278 shares of the construction company’s stock valued at $1,276,000 after acquiring an additional 354 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Thor Industries by 5.7% in the first quarter. Vanguard Group Inc. now owns 3,993,691 shares of the construction company’s stock valued at $383,913,000 after acquiring an additional 214,042 shares during the last quarter. Finally, Profund Advisors LLC lifted its holdings in Thor Industries by 3.4% in the first quarter. Profund Advisors LLC now owns 6,547 shares of the construction company’s stock valued at $629,000 after acquiring an additional 216 shares during the last quarter. Hedge funds and other institutional investors own 89.66% of the company’s stock.
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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