Thor Industries Inc. (NYSE:THO) Chairman Peter Busch Orthwein sold 4,672 shares of Thor Industries 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 completion of the sale, the chairman now owns 1,400,252 shares of the company’s stock, valued at $119,987,593.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Thor Industries Inc. (NYSE:THO) opened at 84.70 on Friday. The firm has a market capitalization of $4.45 billion, a PE ratio of 17.35 and a beta of 1.17. The company’s 50-day moving average is $80.71 and its 200 day moving average is $70.08. Thor Industries Inc. has a 1-year low of $47.56 and a 1-year high of $87.08.
Thor Industries (NYSE:THO) last issued its quarterly earnings data on Monday, September 26th. The company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.24. The business had revenue of $1.29 billion for the quarter. Thor Industries had a return on equity of 22.50% and a net margin of 5.60%. The business’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same period last year, the company posted $1.31 EPS. On average, equities analysts expect that Thor Industries Inc. will post $5.89 EPS for the current fiscal year.
A number of research firms have issued reports on THO. BMO Capital Markets reiterated a “hold” rating on shares of Thor Industries in a research note on Wednesday. Wellington Shields upgraded shares of Thor Industries from a “gradually accumulate” rating to a “buy” rating in a research note on Wednesday. Great Lakes Dredge & Dock Corp. upgraded shares of Thor Industries to a “buy” rating in a research note on Wednesday. Zacks Investment Research cut shares of Thor Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, September 21st. Finally, Northcoast Research upgraded shares of Thor Industries from a “neutral” rating to a “buy” rating and set a $95.00 price objective for the company in a research note on Tuesday, September 13th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $77.29.
A number of hedge funds have recently modified their holdings of the company. Mason Street Advisors LLC bought a new stake in shares of Thor Industries during the second quarter worth about $1,348,000. Beacon Trust Co. bought a new stake in shares of Thor Industries during the second quarter worth about $2,267,000. Royal Bank of Canada boosted its stake 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. Public Employees Retirement System of Ohio boosted its stake 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. Finally, Sterling Capital Management LLC boosted its stake in shares of Thor Industries by 2.7% in the second quarter. Sterling Capital Management LLC now owns 353,091 shares of the company’s stock worth $22,859,000 after buying an additional 9,214 shares during the period. 85.69% of the stock is currently owned by institutional investors and hedge funds.
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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