Thor Industries, Inc. (THO) Lowered to Sell at BidaskClub
Thor Industries, Inc. (NYSE:THO) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.
Other equities research analysts have also issued research reports about the company. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a research report on Thursday, June 8th. Off Wall Street began coverage on Thor Industries in a research report on Thursday, June 29th. They set a “sell” rating and a $75.00 price target on the stock. BMO Capital Markets reaffirmed a “hold” rating and set a $110.00 price target on shares of Thor Industries in a research report on Thursday, July 13th. SunTrust Banks, Inc. set a $125.00 price target on Thor Industries and gave the stock a “buy” rating in a research report on Thursday, April 20th. Finally, Stifel Nicolaus began coverage on Thor Industries in a research report on Thursday, July 6th. They set a “hold” rating and a $110.00 price target on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $107.06.
Shares of Thor Industries (NYSE THO) traded down 0.54% during trading on Thursday, reaching $106.59. The company had a trading volume of 349,243 shares. Thor Industries has a 52-week low of $74.00 and a 52-week high of $115.74. The firm has a market capitalization of $5.61 billion, a P/E ratio of 16.63 and a beta of 1.40. The company has a 50 day moving average of $105.18 and a 200-day moving average of $100.78.
Thor Industries (NYSE:THO) last released its earnings results on Monday, June 5th. The construction company reported $2.11 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.24. Thor Industries had a return on equity of 24.83% and a net margin of 5.11%. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the firm posted $1.51 earnings per share. The company’s quarterly revenue was up 56.9% on a year-over-year basis. Equities analysts expect that Thor Industries will post $6.76 earnings per share for the current year.
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In other Thor Industries news, Director Alan Siegel sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $109.45, for a total value of $109,450.00. Following the completion of the transaction, the director now directly owns 4,988 shares in the company, valued at $545,936.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.60% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the company. Huntington National Bank boosted its stake in Thor Industries by 82.0% in the second quarter. Huntington National Bank now owns 983 shares of the construction company’s stock valued at $103,000 after buying an additional 443 shares during the last quarter. Winslow Evans & Crocker Inc. purchased a new stake in Thor Industries during the first quarter valued at $154,000. Benjamin F. Edwards & Company Inc. boosted its stake in 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 during the last quarter. Sandy Spring Bank boosted its stake in 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 during the last quarter. Finally, Parametrica Management Ltd purchased a new stake in Thor Industries during the second quarter valued at $201,000. 90.70% of the stock is owned by institutional investors and hedge funds.
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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