Northcoast Research Research Analysts Reduce Earnings Estimates for Thor Industries Inc. (THO)
Thor Industries Inc. (NYSE:THO) – Research analysts at Northcoast Research reduced their Q4 2017 EPS estimates for Thor Industries in a report issued on Tuesday. Northcoast Research analyst S. Woolf now anticipates that the brokerage will earn $1.67 per share for the quarter, down from their prior estimate of $1.69. Northcoast Research currently has a “Buy” rating and a $95.00 target price on the stock. Northcoast Research also issued estimates for Thor Industries’ FY2018 earnings at $6.85 EPS.
Thor Industries (NYSE:THO) last announced its quarterly earnings data on Monday, September 26th. The company reported $1.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.24. Thor Industries had a return on equity of 22.50% and a net margin of 5.60%. The firm earned $1.29 billion during the quarter. During the same quarter in the previous year, the firm posted $1.31 EPS. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year.
Several other research analysts also recently weighed in on the company. BMO Capital Markets restated a “hold” rating on shares of Thor Industries in a research note on Wednesday. Wellington Shields upgraded Thor Industries from a “gradually accumulate” rating to a “buy” rating in a research note on Wednesday. Great Lakes Dredge & Dock Corp. upgraded Thor Industries to a “buy” rating in a research note on Wednesday. Zacks Investment Research downgraded Thor Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, September 21st. Finally, Wunderlich downgraded Thor Industries from a “buy” rating to a “hold” rating and set a $80.00 price target on the stock. in a research note on Friday, August 19th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $77.29.
Shares of Thor Industries (NYSE:THO) opened at 84.70 on Friday. Thor Industries has a 12 month low of $47.56 and a 12 month high of $87.08. The company has a market cap of $4.45 billion, a P/E ratio of 17.35 and a beta of 1.17. The firm has a 50-day moving average price of $80.71 and a 200 day moving average price of $70.08.
In other news, Chairman Peter Busch Orthwein sold 4,672 shares of the business’s stock in a transaction dated Thursday, September 29th. The stock was 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. 8.80% of the stock is owned by insiders.
Several institutional investors have recently modified their holdings of the stock. Manchester Capital Management LLC bought a new position in shares of Thor Industries during the first quarter valued at about $118,000. Pinkerton Retirement Specialists LLC bought a new position in shares of Thor Industries during the second quarter valued at about $126,000. LS Investment Advisors LLC boosted its position in shares of Thor Industries by 65.7% in the second quarter. LS Investment Advisors LLC now owns 2,809 shares of the company’s stock valued at $182,000 after buying an additional 1,114 shares during the period. Sawgrass Asset Management LLC bought a new position in shares of Thor Industries during the second quarter valued at about $216,000. Finally, Panagora Asset Management Inc. boosted its position in shares of Thor Industries by 133.6% in the second quarter. Panagora Asset Management Inc. now owns 3,838 shares of the company’s stock valued at $248,000 after buying an additional 2,195 shares during the period. 85.69% of the stock is 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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.