Thor Industries (NYSE:THO)‘s stock had its “outperform” rating reaffirmed by investment analysts at Robert W. Baird in a report issued on Tuesday, MarketBeat reports. They currently have a $74.00 target price on the construction company’s stock, up from their previous target price of $65.00. Robert W. Baird’s price target would indicate a potential upside of 6.78% from the stock’s current price.

Several other research firms have also recently commented on THO. Zacks Investment Research upgraded Thor Industries from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Thursday, December 5th. ValuEngine cut Thor Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Northcoast Research cut Thor Industries from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 1st. They noted that the move was a valuation call. SunTrust Banks reiterated a “buy” rating and issued a $76.00 price objective on shares of Thor Industries in a research report on Tuesday. Finally, CL King cut Thor Industries from a “buy” rating to a “neutral” rating in a research report on Monday, September 9th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Thor Industries presently has an average rating of “Hold” and a consensus target price of $66.89.

Thor Industries stock opened at $69.30 on Tuesday. Thor Industries has a 12 month low of $42.05 and a 12 month high of $71.66. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.41 and a quick ratio of 0.84. The business has a 50 day simple moving average of $65.53 and a 200-day simple moving average of $56.65. The stock has a market capitalization of $3.74 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 1.07 and a beta of 1.94.

Thor Industries (NYSE:THO) last released its quarterly earnings results on Monday, December 9th. The construction company reported $1.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.27. Thor Industries had a return on equity of 15.50% and a net margin of 1.69%. The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the prior year, the business earned $0.26 earnings per share. The company’s quarterly revenue was up 22.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Thor Industries will post 5.63 EPS for the current year.

In other Thor Industries news, insider Robert W. Martin acquired 10,000 shares of the business’s stock in a transaction on Tuesday, October 22nd. The stock was purchased at an average price of $58.82 per share, for a total transaction of $588,200.00. Following the completion of the transaction, the insider now owns 220,175 shares of the company’s stock, valued at approximately $12,950,693.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.00% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in THO. Millennium Management LLC raised its position in Thor Industries by 296.3% in the third quarter. Millennium Management LLC now owns 634,435 shares of the construction company’s stock worth $35,934,000 after acquiring an additional 474,335 shares in the last quarter. Renaissance Technologies LLC raised its position in Thor Industries by 146.6% in the second quarter. Renaissance Technologies LLC now owns 412,500 shares of the construction company’s stock worth $24,111,000 after acquiring an additional 245,200 shares in the last quarter. Waratah Capital Advisors Ltd. purchased a new position in Thor Industries in the third quarter worth $13,411,000. BlackRock Inc. raised its position in Thor Industries by 4.5% in the second quarter. BlackRock Inc. now owns 4,842,450 shares of the construction company’s stock worth $283,039,000 after acquiring an additional 209,739 shares in the last quarter. Finally, Ardevora Asset Management LLP raised its position in Thor Industries by 31.8% in the second quarter. Ardevora Asset Management LLP now owns 712,800 shares of the construction company’s stock worth $41,663,000 after acquiring an additional 171,800 shares in the last quarter. Hedge funds and other institutional investors own 95.05% of the company’s stock.

Thor Industries Company Profile

Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories primarily in the United States and Canada. It operates in two segments, Towable Recreational Vehicles and Motorized Recreational Vehicles. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, Basecamp, and Nest travel trade names, as well as Interstate series of Class B motorhomes; and gasoline and diesel Class A and Class C motorhomes under the Four Winds, Freedom Elite, Majestic, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, and A.C.E trade names.

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Analyst Recommendations for Thor Industries (NYSE:THO)

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