Thor Industries, Inc. (THO) Rating Reiterated by Stifel Nicolaus
Thor Industries, Inc. (NYSE:THO)‘s stock had its “hold” rating reissued by research analysts at Stifel Nicolaus in a report issued on Wednesday.
Several other equities analysts have also issued reports on THO. SunTrust Banks, Inc. set a $125.00 price target on Thor Industries and gave the company a “buy” rating in a research note on Thursday, April 20th. Citigroup Inc. reiterated a “buy” rating and issued a $111.00 price target (down previously from $117.00) on shares of Thor Industries in a research note on Saturday, April 22nd. Zacks Investment Research upgraded Thor Industries from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research note on Wednesday, May 10th. BMO Capital Markets reiterated a “market perform” rating and issued a $110.00 price target (up previously from $97.00) on shares of Thor Industries in a research note on Tuesday, June 6th. Finally, Off Wall Street initiated coverage on Thor Industries in a research note on Thursday, June 29th. They issued a “sell” rating and a $75.00 price target on the stock. 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 stock. The stock has an average rating of “Buy” and a consensus target price of $109.22.
Shares of Thor Industries (THO) traded up 0.19% during trading on Wednesday, hitting $105.75. The stock had a trading volume of 418,914 shares. The stock has a 50 day moving average price of $104.88 and a 200-day moving average price of $101.05. Thor Industries has a one year low of $74.00 and a one year high of $115.74. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 16.50 and a beta of 1.40.
Thor Industries (NYSE:THO) last issued its quarterly earnings results on Monday, June 5th. The construction company reported $2.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the company posted $1.51 EPS. The company’s revenue for the quarter was up 56.9% compared to the same quarter last year. On average, equities research analysts predict that Thor Industries will post $6.77 earnings per share for the current year.
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In related news, Director Alan Siegel sold 1,000 shares of the business’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $109.45, for a total transaction of $109,450.00. Following the sale, the director now owns 4,988 shares in the company, valued at approximately $545,936.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.60% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Thor Industries by 14,578.8% in the first quarter. BlackRock Inc. now owns 3,792,127 shares of the construction company’s stock valued at $364,538,000 after buying an additional 3,766,293 shares during the last quarter. Janus Henderson Group PLC bought a new position in shares of Thor Industries during the second quarter valued at approximately $128,458,000. Point72 Asset Management L.P. bought a new position in shares of Thor Industries during the first quarter valued at approximately $99,442,000. JPMorgan Chase & Co. increased its position in shares of Thor Industries by 217.6% in the first quarter. JPMorgan Chase & Co. now owns 1,173,336 shares of the construction company’s stock valued at $112,792,000 after buying an additional 803,868 shares during the last quarter. Finally, Scopus Asset Management L.P. bought a new position in shares of Thor Industries during the first quarter valued at approximately $59,120,000. 89.62% of the stock is currently owned by hedge funds and other institutional investors.
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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