Thor Industries Inc. (NYSE:THO)‘s stock had its “buy” rating restated by analysts at Argus in a research note issued on Sunday. They presently have a $92.00 target price on the stock. Argus’ price objective suggests a potential upside of 8.43% from the stock’s previous close.
THO has been the topic of several other research reports. Wellington Shields raised shares of Thor Industries from a “hold” rating to a “gradually accumulate” rating in a research note on Monday, June 27th. SunTrust Banks Inc. raised shares of Thor Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $65.00 to $90.00 in a research note on Friday, July 29th. BMO Capital Markets reissued a “hold” rating on shares of Thor Industries in a research note on Wednesday, September 28th. Zacks Investment Research raised shares of Thor Industries from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a research note on Thursday. Finally, Wunderlich lowered shares of Thor Industries from a “buy” rating to a “hold” rating and set a $80.00 price objective on the stock. in a research note on Friday, August 19th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $80.63.
Shares of Thor Industries (NYSE:THO) opened at 84.85 on Friday. Thor Industries has a 52 week low of $47.56 and a 52 week high of $87.08. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 17.38 and a beta of 1.26. The stock’s 50 day moving average is $81.75 and its 200 day moving average is $70.93.
Thor Industries (NYSE:THO) last announced its quarterly earnings results on Monday, September 26th. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.24. Thor Industries had a net margin of 5.60% and a return on equity of 22.50%. The company had revenue of $1.29 billion for the quarter. During the same quarter in the prior year, the firm earned $1.31 EPS. Thor Industries’s quarterly revenue was up 22.2% compared to the same quarter last year. On average, equities analysts forecast that Thor Industries will post $5.89 EPS for the current year.
In related news, Chairman Peter Busch Orthwein sold 4,672 shares of the stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $85.69, for a total transaction of $400,343.68. Following the transaction, the chairman now owns 1,400,252 shares in the company, valued at $119,987,593.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of THO. Eqis Capital Management Inc. increased its position in shares of Thor Industries by 40.9% in the third quarter. Eqis Capital Management Inc. now owns 12,122 shares of the company’s stock worth $1,027,000 after buying an additional 3,518 shares during the period. Mason Street Advisors LLC bought a new position in shares of Thor Industries during the second quarter worth $1,348,000. Beacon Trust Co. bought a new position in shares of Thor Industries during the second quarter worth $2,267,000. Royal Bank of Canada increased its position in shares of Thor Industries by 53.8% in the second quarter. Royal Bank of Canada now owns 94,609 shares of the company’s stock worth $6,125,000 after buying an additional 33,088 shares during the period. Finally, Public Employees Retirement System of Ohio increased its position in shares of Thor Industries by 0.3% in the second quarter. Public Employees Retirement System of Ohio now owns 52,798 shares of the company’s stock worth $3,418,000 after buying an additional 145 shares during the period. Institutional investors own 85.69% of the company’s stock.
Thor Industries Company Profile
Thor Industries, Inc (Thor), manufactures and sells various recreational vehicles (RV) throughout the United States and Canada, as well as related parts and accessories. The principal types of The Company’s towable recreational vehicles that the Company produces include conventional travel trailers and fifth wheels.
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