Thor Industries, Inc. (THO) Cut to Hold at Zacks Investment Research
Thor Industries, Inc. (NYSE:THO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.
According to Zacks, “Thor Industries manufactures a wide range of recreational vehicles (RVs) at various manufacturing facilities located in Indiana and Ohio and sold through independent dealers in the U.S. and Canada. “
Other equities analysts also recently issued research reports about the stock. SunTrust Banks, Inc. set a $125.00 target price on shares of Thor Industries and gave the stock a “buy” rating in a report on Thursday, April 20th. Wunderlich boosted their target price on shares of Thor Industries from $80.00 to $94.00 and gave the stock a “buy” rating in a report on Tuesday, March 7th. Robert W. Baird raised shares of Thor Industries from a “neutral” rating to an “outperform” rating and set a $120.00 target price on the stock in a report on Wednesday, February 8th. Finally, Citigroup Inc reissued a “buy” rating and issued a $111.00 target price (down previously from $117.00) on shares of Thor Industries in a report on Saturday, April 22nd. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Thor Industries has a consensus rating of “Buy” and a consensus price target of $106.74.
Thor Industries (NYSE:THO) traded up 1.18% during mid-day trading on Tuesday, reaching $96.13. 323,730 shares of the company’s stock traded hands. The stock has a 50 day moving average of $93.81 and a 200 day moving average of $97.70. The company has a market cap of $5.06 billion, a P/E ratio of 16.61 and a beta of 1.25. Thor Industries has a 12-month low of $60.05 and a 12-month high of $115.74.
Thor Industries (NYSE:THO) last released its earnings results on Monday, March 6th. The construction company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.22 by $0.01. Thor Industries had a net margin of 5.41% and a return on equity of 23.74%. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The company’s quarterly revenue was up 62.9% compared to the same quarter last year. On average, equities research analysts predict that Thor Industries will post $6.43 earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in THO. Winslow Evans & Crocker Inc. acquired a new stake in shares of Thor Industries during the first quarter valued at $154,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Thor Industries by 72.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,621 shares of the construction company’s stock valued at $156,000 after buying an additional 682 shares in the last quarter. Sandy Spring Bank boosted its stake in shares of Thor Industries by 21.0% in the first quarter. Sandy Spring Bank now owns 1,670 shares of the construction company’s stock valued at $161,000 after buying an additional 290 shares in the last quarter. Atria Investments LLC boosted its stake in shares of Thor Industries by 6.1% in the first quarter. Atria Investments LLC now owns 2,219 shares of the construction company’s stock valued at $213,000 after buying an additional 128 shares in the last quarter. Finally, Stephens Inc. AR acquired a new stake in shares of Thor Industries during the third quarter valued at $226,000. Institutional investors own 87.58% of the company’s stock.
About Thor Industries
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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