Thor Industries Inc. (NYSE:THO) – Research analysts at Gabelli raised their FY2017 earnings estimates for shares of Thor Industries in a note issued to investors on Tuesday. Gabelli analyst M. Paige now anticipates that the brokerage will earn $5.50 per share for the year, up from their prior estimate of $5.30. Gabelli also issued estimates for Thor Industries’ FY2018 earnings at $5.85 EPS, FY2019 earnings at $6.15 EPS and FY2020 earnings at $6.30 EPS.
Several other equities analysts have also recently issued reports on THO. SunTrust Banks Inc. raised Thor Industries from a “neutral” rating to a “buy” rating and boosted their target price for the company from $65.00 to $90.00 in a research note on Friday, July 29th. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research note on Thursday, July 14th. Northcoast Research raised Thor Industries from a “neutral” rating to a “buy” rating and set a $95.00 target price on the stock in a research note on Tuesday, September 13th. Wunderlich cut Thor Industries from a “buy” rating to a “hold” rating and set a $80.00 target price on the stock. in a research note on Friday, August 19th. Finally, Wellington Shields raised Thor Industries from a “hold” rating to a “gradually accumulate” rating in a research note on Monday, June 27th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $77.29.
Shares of Thor Industries (NYSE:THO) traded up 0.74% during mid-day trading on Wednesday, hitting $86.29. 806,260 shares of the stock traded hands. The stock has a market cap of $4.53 billion, a price-to-earnings ratio of 18.73 and a beta of 1.17. Thor Industries has a 52 week low of $47.56 and a 52 week high of $87.08. The firm’s 50-day moving average is $79.98 and its 200-day moving average is $69.68.
Thor Industries (NYSE:THO) last announced its quarterly earnings data on Monday, September 26th. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.33 by $0.24. The company earned $1.29 billion during the quarter. Thor Industries had a net margin of 5.60% and a return on equity of 23.10%. The business’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same period last year, the business earned $1.31 EPS.
A number of large investors have recently modified their holdings of THO. Vanguard Group Inc. increased its stake in Thor Industries by 4.4% in the second quarter. Vanguard Group Inc. now owns 3,342,615 shares of the company’s stock valued at $216,401,000 after buying an additional 141,893 shares during the period. Investec Asset Management LTD bought a new stake in Thor Industries during the first quarter valued at approximately $117,584,000. BlackRock Fund Advisors increased its stake in Thor Industries by 6.4% in the second quarter. BlackRock Fund Advisors now owns 1,632,860 shares of the company’s stock valued at $105,711,000 after buying an additional 97,767 shares during the period. Janus Capital Management LLC increased its stake in Thor Industries by 8.8% in the second quarter. Janus Capital Management LLC now owns 1,538,085 shares of the company’s stock valued at $99,575,000 after buying an additional 124,638 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its stake in Thor Industries by 3.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,464,991 shares of the company’s stock valued at $93,422,000 after buying an additional 51,432 shares during the period. 85.69% of the stock is currently owned by institutional investors.
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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