Thor Industries, Inc. (THO) Rating Reiterated by Robert W. Baird
Thor Industries, Inc. (NYSE:THO)‘s stock had its “buy” rating reissued by analysts at Robert W. Baird in a research note issued to investors on Wednesday. They currently have a $136.00 price objective on the construction company’s stock. Robert W. Baird’s price objective suggests a potential downside of 0.16% from the stock’s current price.
THO has been the topic of several other research reports. Canaccord Genuity reiterated a “buy” rating on shares of Thor Industries in a research report on Friday, September 22nd. Stifel Nicolaus reiterated a “hold” rating on shares of Thor Industries in a research report on Thursday, September 21st. BMO Capital Markets reiterated a “hold” rating and set a $110.00 target price on shares of Thor Industries in a research report on Friday, September 1st. Zacks Investment Research cut Thor Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, SunTrust Banks, Inc. boosted their target price on Thor Industries and gave the stock a “buy” rating in a research report on Thursday, September 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. Thor Industries presently has a consensus rating of “Buy” and an average price target of $120.97.
Thor Industries (THO) opened at 136.22 on Wednesday. Thor Industries has a 12 month low of $74.00 and a 12 month high of $136.37. The stock has a market cap of $7.16 billion, a P/E ratio of 19.21 and a beta of 1.37. The firm’s 50-day moving average price is $124.82 and its 200-day moving average price is $107.48.
Thor Industries (NYSE:THO) last released its earnings results on Wednesday, September 27th. The construction company reported $2.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.95 by $0.31. Thor Industries had a return on equity of 26.04% and a net margin of 5.16%. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the previous year, the firm posted $1.57 EPS. The firm’s quarterly revenue was up 49.7% on a year-over-year basis. On average, analysts predict that Thor Industries will post $8.20 earnings per share for the current year.
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In related news, Chairman Peter Busch Orthwein sold 2,784 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $115.00, for a total value of $320,160.00. Following the sale, the chairman now owns 1,396,352 shares in the company, valued at approximately $160,580,480. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.60% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System grew its holdings in shares of Thor Industries by 1.2% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 58,984 shares of the construction company’s stock worth $7,427,000 after acquiring an additional 676 shares during the period. Morse Asset Management Inc grew its holdings in shares of Thor Industries by 25.2% in the 3rd quarter. Morse Asset Management Inc now owns 27,328 shares of the construction company’s stock worth $3,441,000 after acquiring an additional 5,493 shares during the period. Csenge Advisory Group acquired a new stake in shares of Thor Industries in the 3rd quarter worth approximately $242,000. Concorde Asset Management LLC acquired a new stake in shares of Thor Industries in the 3rd quarter worth approximately $211,000. Finally, Nine Chapters Capital Management LLC acquired a new stake in shares of Thor Industries in the 3rd quarter worth approximately $214,000. Institutional investors and hedge funds own 91.61% 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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