BMO Capital Markets Reaffirms “Market Perform” Rating for Thor Industries, Inc. (THO)
BMO Capital Markets reiterated their market perform rating on shares of Thor Industries, Inc. (NYSE:THO) in a research report report published on Saturday morning. They currently have a $135.00 price objective on the construction company’s stock, up from their previous price objective of $110.00.
Several other research analysts have also commented on the stock. Zacks Investment Research upgraded shares of Thor Industries from a hold rating to a buy rating and set a $117.00 price target on the stock in a research note on Thursday, June 8th. Off Wall Street began coverage on shares of Thor Industries in a report on Thursday, June 29th. They issued a sell rating and a $75.00 price objective for the company. Stifel Nicolaus reiterated a hold rating on shares of Thor Industries in a report on Thursday, September 21st. Robert W. Baird reissued an outperform rating and set a $120.00 target price on shares of Thor Industries in a research report on Thursday, September 28th. Finally, Aegis restated a hold rating and set a $130.00 target price (up from $113.00) on shares of Thor Industries in a report on Saturday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $119.74.
Shares of Thor Industries (NYSE THO) opened at 127.87 on Friday. The company’s 50-day moving average is $111.10 and its 200-day moving average is $102.12. The stock has a market capitalization of $6.72 billion, a PE ratio of 19.95 and a beta of 1.36. Thor Industries has a 12 month low of $74.00 and a 12 month high of $128.05.
Thor Industries (NYSE:THO) last announced its quarterly earnings results on Wednesday, September 27th. The construction company reported $2.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.95 by $0.31. Thor Industries had a return on equity of 26.04% and a net margin of 5.16%. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the previous year, the business posted $1.57 EPS. The firm’s quarterly revenue was up 49.7% compared to the same quarter last year. Equities research analysts expect that Thor Industries will post $7.99 earnings per share for the current fiscal year.
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In related news, Chairman Peter Busch Orthwein sold 2,784 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $115.00, for a total transaction of $320,160.00. Following the completion of the transaction, the chairman now directly owns 1,396,352 shares in the company, valued at approximately $160,580,480. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 6.60% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Hancock Holding Co. increased its holdings in shares of Thor Industries by 349.8% during the 2nd quarter. Hancock Holding Co. now owns 139,189 shares of the construction company’s stock worth $14,549,000 after purchasing an additional 108,247 shares during the period. United Capital Financial Advisers LLC lifted its stake in shares of Thor Industries by 2.7% in the first quarter. United Capital Financial Advisers LLC now owns 13,278 shares of the construction company’s stock valued at $1,276,000 after buying an additional 354 shares during the period. Vanguard Group Inc. lifted its stake in shares of Thor Industries by 5.7% in the first quarter. Vanguard Group Inc. now owns 3,993,691 shares of the construction company’s stock valued at $383,913,000 after buying an additional 214,042 shares during the period. Financial Counselors Inc. bought a new stake in shares of Thor Industries in the second quarter valued at about $1,144,000. Finally, Riverhead Capital Management LLC lifted its stake in shares of Thor Industries by 58.0% in the second quarter. Riverhead Capital Management LLC now owns 64,296 shares of the construction company’s stock valued at $6,720,000 after buying an additional 23,596 shares during the period. Institutional investors own 89.48% of the company’s stock.
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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