Thor Industries Inc. (THO) Stock Rating Reaffirmed by Argus
Thor Industries Inc. (NYSE:THO)‘s stock had its “buy” rating restated by investment analysts at Argus in a research report issued to clients and investors on Sunday. They currently have a $92.00 price objective on the stock. Argus’ price target would suggest a potential upside of 8.43% from the company’s previous close.
Several other brokerages also recently weighed in on THO. Zacks Investment Research upgraded Thor Industries from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a research note on Wednesday, August 3rd. Great Lakes Dredge & Dock Corp. raised Thor Industries to a “buy” rating in a report on Wednesday, September 28th. Northcoast Research raised Thor Industries from a “neutral” rating to a “buy” rating and set a $95.00 price target for the company in a report on Tuesday, September 13th. Wellington Shields raised Thor Industries from a “gradually accumulate” rating to a “buy” rating in a report on Wednesday, September 28th. Finally, Wunderlich cut Thor Industries from a “buy” rating to a “hold” rating and set a $80.00 price target for the company. in a report on Friday, August 19th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $80.63.
Thor Industries (NYSE:THO) opened at 84.85 on Friday. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 17.38 and a beta of 1.26. Thor Industries has a 1-year low of $47.56 and a 1-year high of $87.08. The stock has a 50 day moving average price of $81.75 and a 200 day moving average price of $70.93.
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Thor Industries (NYSE:THO) last announced its earnings results on Monday, September 26th. The company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.24. Thor Industries had a return on equity of 22.50% and a net margin of 5.60%. The firm earned $1.29 billion during the quarter. During the same quarter in the previous year, the company earned $1.31 EPS. Thor Industries’s revenue for the quarter was up 22.2% compared to the same quarter last year. Analysts predict that Thor Industries will post $5.89 EPS for the current year.
In other news, Chairman Peter Busch Orthwein sold 4,672 shares of the 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 completion of 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 SEC, which is available at this link. 8.80% of the stock is owned by insiders.
Several institutional investors have recently modified their holdings of the company. Genesee Valley Trust Co. boosted its position in shares of Thor Industries by 0.4% in the second quarter. Genesee Valley Trust Co. now owns 4,142 shares of the company’s stock worth $268,000 after buying an additional 15 shares during the last quarter. Cim LLC boosted its position in shares of Thor Industries by 0.7% in the second quarter. Cim LLC now owns 7,540 shares of the company’s stock worth $488,000 after buying an additional 50 shares during the last quarter. CENTRAL TRUST Co boosted its position in shares of Thor Industries by 1.4% in the second quarter. CENTRAL TRUST Co now owns 4,564 shares of the company’s stock worth $295,000 after buying an additional 64 shares during the last quarter. Riverhead Capital Management LLC boosted its position in shares of Thor Industries by 0.8% in the first quarter. Riverhead Capital Management LLC now owns 8,970 shares of the company’s stock worth $572,000 after buying an additional 70 shares during the last quarter. Finally, M&T Bank Corp boosted its position in shares of Thor Industries by 2.2% in the second quarter. M&T Bank Corp now owns 3,982 shares of the company’s stock worth $257,000 after buying an additional 85 shares during the last quarter. 85.69% of the stock is 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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