Thor Industries (NYSE:THO) had its price objective raised by research analysts at SunTrust Banks to $85.00 in a research report issued on Tuesday, The Fly reports. The firm currently has a “buy” rating on the construction company’s stock. SunTrust Banks’ price objective suggests a potential upside of 28.30% from the company’s previous close.
Several other equities research analysts have also commented on the stock. ValuEngine lowered shares of Thor Industries from a “sell” rating to a “strong sell” rating in a research note on Monday, February 4th. BMO Capital Markets lowered shares of Thor Industries from an “outperform” rating to a “market perform” rating and set a $63.00 price target on the stock. in a research note on Monday, February 4th. TD Securities reiterated a “hold” rating on shares of Thor Industries in a research note on Monday, November 19th. TheStreet lowered shares of Thor Industries from a “b-” rating to a “c+” rating in a research note on Thursday, November 15th. Finally, Canaccord Genuity restated an “average” rating on shares of Thor Industries in a research note on Tuesday, November 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $103.71.
Shares of NYSE:THO opened at $66.25 on Tuesday. Thor Industries has a 12 month low of $47.71 and a 12 month high of $136.40. The firm has a market cap of $3.57 billion, a P/E ratio of 7.75 and a beta of 1.74.
Thor Industries (NYSE:THO) last announced its quarterly earnings results on Thursday, December 6th. The construction company reported $1.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.67 by ($0.39). Thor Industries had a return on equity of 21.09% and a net margin of 4.02%. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the business earned $2.43 earnings per share. Thor Industries’s revenue was down 21.3% compared to the same quarter last year. Analysts predict that Thor Industries will post 6.22 earnings per share for the current fiscal year.
In other news, Chairman Peter Busch Orthwein sold 5,028 shares of Thor Industries stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $69.63, for a total value of $350,099.64. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jan Suwinski bought 2,000 shares of the stock in a transaction dated Tuesday, December 11th. The stock was purchased at an average cost of $58.20 per share, for a total transaction of $116,400.00. Following the acquisition, the director now owns 18,263 shares of the company’s stock, valued at $1,062,906.60. The disclosure for this purchase can be found here. Insiders own 4.20% of the company’s stock.
Several large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Thor Industries by 1.0% in the third quarter. Vanguard Group Inc. now owns 4,409,980 shares of the construction company’s stock valued at $369,116,000 after acquiring an additional 45,427 shares in the last quarter. Vanguard Group Inc boosted its holdings in Thor Industries by 1.0% during the third quarter. Vanguard Group Inc now owns 4,409,980 shares of the construction company’s stock worth $369,116,000 after buying an additional 45,427 shares in the last quarter. BlackRock Inc. boosted its holdings in Thor Industries by 0.3% during the fourth quarter. BlackRock Inc. now owns 4,400,842 shares of the construction company’s stock worth $228,842,000 after buying an additional 12,350 shares in the last quarter. Swedbank boosted its holdings in Thor Industries by 9.0% during the fourth quarter. Swedbank now owns 3,630,600 shares of the construction company’s stock worth $186,395,000 after buying an additional 300,400 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Thor Industries by 13.1% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,361,179 shares of the construction company’s stock worth $70,782,000 after buying an additional 158,042 shares in the last quarter. 87.92% of the stock is currently owned by institutional investors and hedge funds.
Thor Industries Company Profile
Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories primarily in the United States and Canada. It operates in two segments, Towable Recreational Vehicles and Motorized Recreational Vehicles. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, Basecamp, and Nest travel trade names, as well as Interstate series of Class B motorhomes; and gasoline and diesel Class A and Class C motorhomes under the Four Winds, Freedom Elite, Majestic, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, and A.C.E trade names.
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