Thor Industries, Inc. (NYSE:THO)’s share price shot up 5.8% during trading on Tuesday . The company traded as high as $109.94 and last traded at $103.20. 3,254,245 shares were traded during trading, an increase of 216% from the average session volume of 1,029,501 shares. The stock had previously closed at $97.55.

A number of brokerages recently commented on THO. Citigroup reduced their price objective on Thor Industries from $150.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, June 21st. ValuEngine upgraded Thor Industries from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Zacks Investment Research raised Thor Industries from a “sell” rating to a “hold” rating in a research note on Friday, June 8th. Sidoti cut their target price on Thor Industries from $148.00 to $144.00 and set a “buy” rating for the company in a research note on Friday, August 10th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $124.00 target price on shares of Thor Industries in a research note on Monday, June 4th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $128.50.

The company has a quick ratio of 0.96, a current ratio of 1.67 and a debt-to-equity ratio of 0.04. The company has a market cap of $5.44 billion, a price-to-earnings ratio of 11.29 and a beta of 1.29.

Thor Industries announced that its Board of Directors has authorized a share buyback plan on Wednesday, June 20th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the construction company to purchase up to 4.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in Thor Industries by 6.9% during the 2nd quarter. BlackRock Inc. now owns 4,420,532 shares of the construction company’s stock worth $430,517,000 after purchasing an additional 285,394 shares in the last quarter. Swedbank grew its stake in Thor Industries by 62.7% during the 2nd quarter. Swedbank now owns 2,583,000 shares of the construction company’s stock worth $251,558,000 after purchasing an additional 995,000 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Thor Industries by 23.1% during the 2nd quarter. Janus Henderson Group PLC now owns 1,261,143 shares of the construction company’s stock worth $122,823,000 after buying an additional 236,775 shares during the last quarter. Chilton Investment Co. LLC lifted its holdings in Thor Industries by 18.5% during the 2nd quarter. Chilton Investment Co. LLC now owns 691,036 shares of the construction company’s stock worth $67,300,000 after buying an additional 108,063 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Thor Industries by 4.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 667,941 shares of the construction company’s stock worth $65,050,000 after buying an additional 28,887 shares during the last quarter. 87.94% of the stock is owned by hedge funds and other institutional investors.

Thor Industries Company Profile (NYSE:THO)

Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles, and related parts and accessories primarily in the United States and Canada. It operates through Towable Recreational Vehicles and Motorized Recreational Vehicles segments. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, and Basecamp trade names, as well as Interstate series of Class B motorhomes; gasoline and diesel Class A and Class C motorhomes under the Four Winds, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, A.C.E., Alante, Precept, Greyhawk, and Redhawk trade names; and luxury Class A motorhomes under Insignia, Aspire, Anthem, and Cornerstone trade names.

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