Stifel Nicolaus Analysts Give Thor Industries (THO) a $132.00 Price Target

Thor Industries (NYSE:THO) has been given a $132.00 target price by equities researchers at Stifel Nicolaus in a research report issued to clients and investors on Friday. The firm presently has a “hold” rating on the construction company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 6.83% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Robert W. Baird reaffirmed a “buy” rating and issued a $136.00 price objective on shares of Thor Industries in a research report on Wednesday, November 1st. ValuEngine raised Thor Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research lowered Thor Industries from a “buy” rating to a “hold” rating in a research note on Tuesday. Argus lowered Thor Industries from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. Finally, BMO Capital Markets increased their price target on Thor Industries to $150.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $127.27.

Shares of Thor Industries (NYSE:THO) traded down $1.04 on Friday, hitting $123.56. The stock had a trading volume of 361,971 shares, compared to its average volume of 749,133. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.91 and a current ratio of 1.50. Thor Industries has a 12-month low of $87.96 and a 12-month high of $161.48. The company has a market cap of $6,863.44, a PE ratio of 15.43 and a beta of 1.23.

Thor Industries (NYSE:THO) last issued its quarterly earnings results on Monday, November 27th. The construction company reported $2.43 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.59. The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Thor Industries had a return on equity of 27.76% and a net margin of 5.46%. The business’s revenue for the quarter was up 30.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.49 EPS. sell-side analysts forecast that Thor Industries will post 9.1 EPS for the current fiscal year.

In other Thor Industries news, Director Alan Siegel sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $153.75, for a total value of $153,750.00. Following the completion of the sale, the director now owns 4,988 shares of the company’s stock, valued at $766,905. The sale was disclosed in a legal 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 modified their holdings of THO. Sigma Planning Corp acquired a new stake in shares of Thor Industries during the third quarter worth $202,000. Indiana Trust & Investment Management CO acquired a new stake in shares of Thor Industries during the fourth quarter worth $203,000. Guardian Capital LP acquired a new stake in shares of Thor Industries during the third quarter worth $204,000. Optimum Investment Advisors acquired a new position in Thor Industries during the third quarter valued at $205,000. Finally, Concorde Asset Management LLC acquired a new position in Thor Industries during the third quarter valued at $211,000. 88.70% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Thor Industries (NYSE:THO)

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