Thor Industries Inc. (THO) Upgraded to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of Thor Industries Inc. (NYSE:THO) from a hold rating to a buy rating in a research report report published on Thursday morning. They currently have $96.00 price objective on the stock.
According to Zacks, “Thor Industries manufactures a wide range of recreational vehicles (RVs) at various manufacturing facilities located in Indiana and Ohio and sold through independent dealers in the U.S. and Canada. “
A number of other equities analysts have also recently commented on THO. BMO Capital Markets reaffirmed a hold rating on shares of Thor Industries in a research report on Wednesday, September 28th. Northcoast Research raised shares of Thor Industries from a neutral rating to a buy rating and set a $95.00 target price for the company in a research report on Tuesday, September 13th. Great Lakes Dredge & Dock Corp. raised shares of Thor Industries to a buy rating in a research report on Wednesday, September 28th. Wellington Shields raised shares of Thor Industries from a gradually accumulate rating to a buy rating in a research report on Wednesday, September 28th. Finally, Wunderlich cut shares of Thor Industries from a buy rating to a hold rating and set a $80.00 target price for the company. in a research report on Friday, August 19th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $79.00.
Thor Industries (NYSE:THO) traded down 1.49% during trading on Thursday, hitting $84.53. 307,975 shares of the company traded hands. The firm has a market cap of $4.44 billion, a P/E ratio of 17.32 and a beta of 1.26. The firm has a 50 day moving average of $81.60 and a 200 day moving average of $70.78. Thor Industries has a one year low of $47.56 and a one year high of $87.08.
Thor Industries (NYSE:THO) last released its quarterly earnings data on Monday, September 26th. The company reported $1.57 EPS for the quarter, topping the Zacks’ 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 firm earned $1.29 billion during the quarter. During the same period last year, the firm earned $1.31 earnings per share. The company’s revenue for the quarter was up 22.2% compared to the same quarter last year. On average, analysts expect 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 Thor Industries stock in a transaction that occurred on Thursday, September 29th. The stock was sold at an average price of $85.69, for a total value of $400,343.68. Following the transaction, the chairman now directly 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 Securities & Exchange Commission, which is available through the SEC website. 8.80% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in the company. Pinkerton Retirement Specialists LLC bought a new position in shares of Thor Industries during the second quarter worth approximately $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 worth $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 worth approximately $216,000. 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 worth $248,000 after buying an additional 2,195 shares during the period. Finally, M&T Bank Corp boosted its position 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. 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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