Other analysts have also issued research reports about the stock. Northcoast Research raised shares of Thor Industries from a neutral rating to a buy rating and set a $95.00 price target on the stock in a research report on Tuesday, September 13th. 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. Zacks Investment Research raised shares of Thor Industries from a hold rating to a buy rating and set a $76.00 target price on the stock in a report on Thursday, June 9th. SunTrust Banks Inc. raised shares of Thor Industries from a neutral rating to a buy rating and upped their target price for the stock from $65.00 to $90.00 in a report on Friday, July 29th. Finally, Wellington Shields raised shares of Thor Industries from a hold rating to a gradually accumulate rating in a report on Monday, June 27th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $77.29.
Thor Industries (NYSE:THO) opened at 84.70 on Wednesday. Thor Industries has a 1-year low of $47.56 and a 1-year high of $87.08. The stock’s 50 day moving average is $80.71 and its 200 day moving average is $70.08. The company has a market cap of $4.45 billion, a P/E ratio of 17.35 and a beta of 1.26.
Thor Industries (NYSE:THO) last posted 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 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. Equities analysts anticipate that Thor Industries will post $5.89 earnings per share for the current fiscal year.
In other Thor Industries news, Chairman Peter Busch Orthwein sold 4,672 shares of the business’s stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $85.69, for a total value of $400,343.68. Following the completion of the transaction, the chairman now owns 1,400,252 shares of the company’s stock, valued at approximately $119,987,593.88. The transaction was disclosed in a filing with the SEC, which is available through this link. 8.80% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in the stock. M&T Bank Corp boosted its stake in shares of Thor Industries by 6.6% in the first quarter. M&T Bank Corp now owns 3,897 shares of the company’s stock worth $249,000 after buying an additional 242 shares during the period. Menta Capital LLC acquired a new stake in shares of Thor Industries during the first quarter worth about $287,000. C M Bidwell & Associates Ltd. boosted its stake in shares of Thor Industries by 1,776.4% in the first quarter. C M Bidwell & Associates Ltd. now owns 58,920 shares of the company’s stock worth $3,757,000 after buying an additional 55,780 shares during the period. BlackRock Japan Co. Ltd boosted its stake in shares of Thor Industries by 37.0% in the first quarter. BlackRock Japan Co. Ltd now owns 4,217 shares of the company’s stock worth $269,000 after buying an additional 1,138 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted 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 period. 85.69% of the stock is 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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