Thor Industries Inc. (NYSE:THO) posted its quarterly earnings results on Monday. 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 5.58% and a return on equity of 22.26%. The company had revenue of $1.29 billion for the quarter. During the same period last year, the firm earned $1.31 EPS. The business’s revenue for the quarter was up 22.2% on a year-over-year basis.
Thor Industries (NYSE:THO) opened at 85.66 on Wednesday. Thor Industries has a 1-year low of $47.56 and a 1-year high of $86.66. The firm has a 50-day moving average of $79.98 and a 200-day moving average of $69.68. The stock has a market cap of $4.50 billion, a PE ratio of 18.59 and a beta of 1.17.
Several analysts have recently issued reports on THO shares. Wunderlich boosted their price target on shares of Thor Industries from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, June 7th. BMO Capital Markets lowered shares of Thor Industries from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $72.00 to $67.00 in a research report on Wednesday, June 8th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Thor Industries from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research report on Thursday, June 9th. Wellington Shields raised shares of Thor Industries from a “hold” rating to a “gradually accumulate” rating in a research report on Monday, June 27th. Finally, SunTrust Banks Inc. raised shares of Thor Industries from a “neutral” rating to a “buy” rating and boosted their price target for the company from $65.00 to $90.00 in a research report on Friday, July 29th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Thor Industries currently has a consensus rating of “Hold” and an average price target of $77.29.
Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Thor Industries by 4.4% in the second quarter. Vanguard Group Inc. now owns 3,342,615 shares of the company’s stock worth $216,401,000 after buying an additional 141,893 shares during the last quarter. Investec Asset Management LTD bought a new stake in shares of Thor Industries during the first quarter worth about $117,584,000. BlackRock Fund Advisors increased its stake in shares of Thor Industries by 6.4% in the second quarter. BlackRock Fund Advisors now owns 1,632,860 shares of the company’s stock worth $105,711,000 after buying an additional 97,767 shares during the last quarter. Janus Capital Management LLC increased its stake in shares of Thor Industries by 8.8% in the second quarter. Janus Capital Management LLC now owns 1,538,085 shares of the company’s stock worth $99,575,000 after buying an additional 124,638 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of 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 worth $93,422,000 after buying an additional 51,432 shares during the last quarter. 85.69% of the stock is currently owned by hedge funds and other institutional investors.
About Thor Industries
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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