A number of other research analysts also recently issued reports on THO. Wunderlich increased their price objective on Thor Industries from $70.00 to $80.00 and gave the stock a buy rating in a report on Tuesday, June 7th. BMO Capital Markets downgraded Thor Industries from an outperform rating to a market perform rating and decreased their price objective for the stock from $72.00 to $67.00 in a report on Wednesday, June 8th. They noted that the move was a valuation call. Zacks Investment Research upgraded Thor Industries from a hold rating to a buy rating and set a $76.00 price objective for the company in a report on Thursday, June 9th. SunTrust Banks Inc. upgraded Thor Industries from a neutral rating to a buy rating and increased their price objective for the stock from $65.00 to $90.00 in a report on Friday, July 29th. Finally, Northcoast Research upgraded Thor Industries from a neutral rating to a buy rating and set a $95.00 price objective for the company in a report on Tuesday, September 13th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Thor Industries currently has a consensus rating of Buy and a consensus target price of $77.29.
Thor Industries (NYSE:THO) opened at 86.55 on Wednesday. Thor Industries has a 12 month low of $47.56 and a 12 month high of $87.08. The firm has a 50-day moving average price of $80.27 and a 200 day moving average price of $69.80. The company has a market capitalization of $4.54 billion, a P/E ratio of 18.78 and a beta of 1.17.
Thor Industries (NYSE:THO) last posted its quarterly earnings data on Monday, September 26th. The company reported $1.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.24. The business earned $1.29 billion during the quarter. Thor Industries had a return on equity of 22.50% and a net margin of 5.60%. The firm’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.31 earnings per share. Analysts expect that Thor Industries will post $5.83 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in the stock. M&T Bank Corp boosted its stake in 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 last quarter. Menta Capital LLC acquired a new stake in Thor Industries during the first quarter worth about $287,000. C M Bidwell & Associates Ltd. boosted its stake in 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 last quarter. BlackRock Japan Co. Ltd boosted its stake in 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 last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted 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 worth $93,422,000 after buying an additional 51,432 shares during the last quarter. 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.
Receive News & Ratings for Thor Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thor Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.