Thor Industries Inc. (THO) Stock Rating Reaffirmed by Argus
Thor Industries Inc. (NYSE:THO)‘s stock had its “buy” rating reissued by analysts at Argus in a note issued to investors on Sunday. They currently have a $92.00 target price on the stock. Argus’ target price would indicate a potential upside of 8.43% from the company’s current price.
A number of other research analysts have also recently weighed in on THO. Zacks Investment Research upgraded Thor Industries from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a research report on Thursday, July 14th. Great Lakes Dredge & Dock Corp. upgraded Thor Industries to a “buy” rating in a research report on Wednesday, September 28th. Northcoast Research upgraded Thor Industries from a “neutral” rating to a “buy” rating and set a $95.00 price target for the company in a research report on Tuesday, September 13th. BMO Capital Markets restated a “hold” rating on shares of Thor Industries in a research report on Wednesday, September 28th. Finally, Wellington Shields upgraded Thor Industries from a “gradually accumulate” rating to a “buy” rating in a research report on Wednesday, September 28th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $80.63.
Shares of Thor Industries (NYSE:THO) opened at 84.85 on Friday. Thor Industries has a 52 week low of $47.56 and a 52 week high of $87.08. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 17.38 and a beta of 1.26. The firm’s 50-day moving average is $81.75 and its 200-day moving average is $70.93.
Thor Industries (NYSE:THO) last announced its quarterly earnings results on Monday, September 26th. The company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.24. Thor Industries had a return on equity of 22.50% and a net margin of 5.60%. The business earned $1.29 billion during the quarter. During the same quarter in the prior year, the business earned $1.31 EPS. The company’s quarterly revenue was up 22.2% compared to the same quarter last year. On average, equities research analysts anticipate that Thor Industries will post $5.89 EPS for the current fiscal year.
In other Thor Industries news, Chairman Peter Busch Orthwein sold 4,672 shares of the firm’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 sale, 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 filing with the SEC, which can be accessed through this link. 8.80% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of THO. Prudential Financial Inc. raised its stake in shares of Thor Industries by 30.7% in the first quarter. Prudential Financial Inc. now owns 435,821 shares of the company’s stock worth $27,792,000 after buying an additional 102,411 shares during the last quarter. BlackRock Inc. raised its stake in shares of Thor Industries by 32.2% in the first quarter. BlackRock Inc. now owns 21,553 shares of the company’s stock worth $1,374,000 after buying an additional 5,251 shares during the last quarter. BlackRock Group LTD raised its stake in shares of Thor Industries by 10.1% in the first quarter. BlackRock Group LTD now owns 92,501 shares of the company’s stock worth $5,901,000 after buying an additional 8,517 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised 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. Finally, BlackRock Japan Co. Ltd raised 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 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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