Canaccord Genuity Reaffirms Buy Rating for Thor Industries, Inc. (THO)
Other research analysts have also recently issued reports about the company. Citigroup Inc. reaffirmed a buy rating and set a $118.00 price objective (up from $111.00) on shares of Thor Industries in a research report on Friday, June 9th. Zacks Investment Research raised Thor Industries from a hold rating to a buy rating and set a $117.00 price objective for the company in a research report on Thursday, June 8th. Sidoti started coverage on Thor Industries in a research report on Friday, August 11th. They set a buy rating and a $133.00 price objective for the company. Robert W. Baird reaffirmed a buy rating and set a $120.00 price objective on shares of Thor Industries in a research report on Friday, September 8th. Finally, BidaskClub raised Thor Industries from a sell rating to a hold rating in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $111.47.
Shares of Thor Industries (NYSE THO) opened at 114.94 on Friday. The stock has a market capitalization of $6.04 billion, a P/E ratio of 17.94 and a beta of 1.38. Thor Industries has a 1-year low of $74.00 and a 1-year high of $116.34. The stock’s 50 day moving average price is $107.11 and its 200-day moving average price is $100.92.
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In related news, Chairman Peter Busch Orthwein sold 2,784 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $115.00, for a total transaction of $320,160.00. Following the sale, the chairman now owns 1,396,352 shares in the company, valued at $160,580,480. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan Siegel sold 1,000 shares of the company’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 sale, the director now owns 4,988 shares in the company, valued at approximately $545,936.60. The disclosure for this sale can be found here. Corporate insiders own 6.60% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in THO. Huntington National Bank raised its stake in Thor Industries by 82.0% in the second quarter. Huntington National Bank now owns 983 shares of the construction company’s stock valued at $103,000 after buying an additional 443 shares during the period. Penserra Capital Management LLC bought a new stake in Thor Industries in the second quarter valued at approximately $104,000. Sterling Investment Advisors Ltd. bought a new stake in Thor Industries in the second quarter valued at approximately $105,000. Fiduciary Trust Co. bought a new stake in Thor Industries in the second quarter valued at approximately $133,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Thor Industries by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,735 shares of the construction company’s stock valued at $181,000 after buying an additional 151 shares during the period. Hedge funds and other institutional investors own 89.48% of the company’s stock.
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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