Thor Industries, Inc. (THO) Rating Reiterated by BMO Capital Markets
Thor Industries, Inc. (NYSE:THO)‘s stock had its “hold” rating reissued by equities research analysts at BMO Capital Markets in a research report issued to clients and investors on Friday.
THO has been the topic of a number of other reports. BidaskClub lowered shares of Thor Industries from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Zacks Investment Research raised shares of Thor Industries from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research report on Wednesday. Citigroup Inc. reaffirmed a “buy” rating and issued a $118.00 price objective (up previously from $111.00) on shares of Thor Industries in a research report on Friday, June 9th. Sidoti initiated coverage on shares of Thor Industries in a research report on Friday, August 11th. They issued a “buy” rating and a $133.00 price objective on the stock. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Thor Industries in a research report on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $109.39.
Shares of Thor Industries (NYSE THO) opened at 109.01 on Friday. Thor Industries has a 12 month low of $74.00 and a 12 month high of $115.74. The firm’s 50-day moving average is $105.15 and its 200 day moving average is $101.07. The company has a market capitalization of $5.73 billion, a PE ratio of 17.01 and a beta of 1.38.
Thor Industries (NYSE:THO) last issued its quarterly earnings data on Monday, June 5th. The construction company reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.24. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Thor Industries had a net margin of 5.11% and a return on equity of 24.83%. The business’s revenue was up 56.9% on a year-over-year basis. During the same period last year, the company earned $1.51 earnings per share. Equities research analysts predict that Thor Industries will post $6.78 EPS for the current year.
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In other news, Director Alan Siegel sold 1,000 shares of the company’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $109.45, for a total value of $109,450.00. Following the completion of the sale, the director now owns 4,988 shares of the company’s stock, valued at approximately $545,936.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.60% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the stock. World Asset Management Inc boosted its stake in shares of Thor Industries by 0.8% in the second quarter. World Asset Management Inc now owns 3,751 shares of the construction company’s stock worth $392,000 after buying an additional 29 shares during the period. FMR LLC boosted its stake in shares of Thor Industries by 0.4% in the second quarter. FMR LLC now owns 8,046 shares of the construction company’s stock worth $841,000 after buying an additional 30 shares during the period. Somerset Trust Co boosted its stake in shares of Thor Industries by 0.8% in the second quarter. Somerset Trust Co now owns 6,697 shares of the construction company’s stock worth $700,000 after buying an additional 56 shares during the period. Bbva Compass Bancshares Inc. boosted its stake in shares of Thor Industries by 0.6% in the second quarter. Bbva Compass Bancshares Inc. now owns 14,956 shares of the construction company’s stock worth $1,564,000 after buying an additional 82 shares during the period. Finally, State Treasurer State of Michigan boosted its stake in shares of Thor Industries by 0.5% in the first quarter. State Treasurer State of Michigan now owns 19,400 shares of the construction company’s stock worth $1,865,000 after buying an additional 100 shares during the period. 89.67% of the stock is owned by institutional investors.
Thor Industries Company Profile
Thor Industries, Inc manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. The Company’s segments include towable recreational vehicles, which consists of the operations of Airstream, Inc (Airstream) (towable); Heartland Recreational Vehicles, LLC (Heartland) (including Bison Coach, LLC (Bison), Cruiser RV, LLC (CRV) and DRV, LLC (DRV)); Jayco, Corp.
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