Thor Industries, Inc. (THO) Receives Average Rating of “Buy” from Brokerages
Thor Industries, Inc. (NYSE:THO) has been given a consensus rating of “Buy” by the fifteen ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $109.87.
THO has been the topic of several research reports. Aegis initiated coverage on shares of Thor Industries in a research report on Monday, September 11th. They set a “hold” rating and a $113.00 price target on the stock. Zacks Investment Research cut shares of Thor Industries from a “buy” rating to a “hold” rating in a report on Friday, September 8th. Robert W. Baird reaffirmed a “buy” rating and issued a $120.00 target price on shares of Thor Industries in a report on Friday, September 8th. BMO Capital Markets reissued a “hold” rating and set a $110.00 price objective on shares of Thor Industries in a report on Friday, September 1st. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Thor Industries in a report on Wednesday, August 16th.
Shares of Thor Industries (NYSE:THO) traded up 0.27% during midday trading on Friday, reaching $113.14. 693,266 shares of the company were exchanged. The firm has a market capitalization of $5.95 billion, a P/E ratio of 17.66 and a beta of 1.38. Thor Industries has a 52 week low of $74.00 and a 52 week high of $115.74. The firm has a 50-day moving average of $106.60 and a 200 day moving average of $101.08.
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In other Thor Industries news, Director Alan Siegel sold 1,000 shares of the company’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 transaction, the director now directly owns 4,988 shares of the company’s stock, valued at approximately $545,936.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 6.60% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Huntington National Bank grew its stake in Thor Industries by 82.0% during the 2nd quarter. Huntington National Bank now owns 983 shares of the construction company’s stock worth $103,000 after buying an additional 443 shares during the last quarter. Penserra Capital Management LLC bought a new position in Thor Industries during the second quarter valued at about $104,000. Sterling Investment Advisors Ltd. bought a new position in Thor Industries during the second quarter valued at about $105,000. Fiduciary Trust Co. bought a new position in Thor Industries during the second quarter valued at about $133,000. Finally, Sandy Spring Bank boosted its stake in Thor Industries by 21.0% during 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. Hedge funds and other institutional investors own 89.66% of the company’s stock.
Thor Industries Company Profile
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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