Thor Industries, Inc. (THO) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Thor Industries, Inc. (NYSE:THO) have earned a consensus recommendation of “Hold” from the fifteen brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $127.33.

A number of analysts have recently weighed in on the stock. Stifel Nicolaus set a $132.00 target price on shares of Thor Industries and gave the stock a “hold” rating in a report on Friday. Zacks Investment Research downgraded shares of Thor Industries from a “buy” rating to a “hold” rating in a report on Tuesday, February 6th. Northcoast Research downgraded shares of Thor Industries from a “buy” rating to a “neutral” rating and set a $150.00 target price on the stock. in a report on Friday, January 26th. ValuEngine upgraded shares of Thor Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Argus downgraded shares of Thor Industries from a “buy” rating to a “hold” rating in a report on Friday, December 8th.

Shares of Thor Industries (NYSE:THO) traded down $0.34 during mid-day trading on Tuesday, reaching $128.89. 713,601 shares of the company’s stock traded hands, compared to its average volume of 762,073. The stock has a market cap of $6,790.00, a PE ratio of 16.05 and a beta of 1.23. Thor Industries has a 1-year low of $87.96 and a 1-year high of $161.48. 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 (NYSE:THO) last posted its earnings results on Monday, November 27th. The construction company reported $2.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.59. Thor Industries had a net margin of 5.46% and a return on equity of 27.76%. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the previous year, the firm posted $1.49 EPS. The business’s quarterly revenue was up 30.6% on a year-over-year basis. research analysts forecast that Thor Industries will post 9.1 EPS for the current fiscal year.

In related news, Director Alan Siegel sold 1,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $153.75, for a total transaction of $153,750.00. Following the transaction, the director now directly owns 4,988 shares in the company, valued at approximately $766,905. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.10% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. FMR LLC grew its holdings in Thor Industries by 0.4% during the 2nd quarter. FMR LLC now owns 8,046 shares of the construction company’s stock valued at $841,000 after purchasing an additional 30 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in Thor Industries by 1.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 14,320 shares of the construction company’s stock valued at $1,497,000 after purchasing an additional 214 shares during the last quarter. Sit Investment Associates Inc. grew its holdings in Thor Industries by 1.0% during the 4th quarter. Sit Investment Associates Inc. now owns 37,985 shares of the construction company’s stock valued at $5,725,000 after purchasing an additional 385 shares during the last quarter. Bluestein R H & Co. boosted its position in Thor Industries by 7.1% in the 4th quarter. Bluestein R H & Co. now owns 6,025 shares of the construction company’s stock valued at $908,000 after buying an additional 400 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its position in Thor Industries by 24.4% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 2,172 shares of the construction company’s stock valued at $273,000 after buying an additional 426 shares during the period. Institutional investors own 88.55% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This report was published by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The original version of this report can be read at https://www.americanbankingnews.com/2018/02/13/thor-industries-inc-tho-receives-consensus-recommendation-of-hold-from-analysts.html.

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.

Analyst Recommendations for Thor Industries (NYSE:THO)

Receive News & Ratings for Thor Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thor Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply