Equities research analysts at Northcoast Research assumed coverage on shares of Thor Industries (NYSE:THO) in a research report issued on Friday, The Fly reports. The brokerage set a “buy” rating and a $67.00 price target on the construction company’s stock. Northcoast Research’s target price would suggest a potential upside of 23.00% from the company’s previous close.
Several other brokerages have also weighed in on THO. Bank of America initiated coverage on Thor Industries in a report on Tuesday, March 26th. They set an “underperform” rating and a $62.00 price objective for the company. ValuEngine upgraded Thor Industries from a “strong sell” rating to a “sell” rating in a research report on Tuesday, February 19th. Jefferies Financial Group began coverage on Thor Industries in a research report on Thursday, March 28th. They set a “hold” rating and a $65.00 target price on the stock. Zacks Investment Research upgraded Thor Industries from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research report on Thursday, April 25th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $80.00 price objective on shares of Thor Industries in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Thor Industries has a consensus rating of “Hold” and an average target price of $84.00.
THO traded up $0.19 during midday trading on Friday, reaching $54.47. 224,989 shares of the company were exchanged, compared to its average volume of 988,066. The firm has a market capitalization of $2.98 billion, a P/E ratio of 6.37, a P/E/G ratio of 0.73 and a beta of 1.82. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.91 and a current ratio of 1.54. Thor Industries has a one year low of $47.71 and a one year high of $109.94.
Thor Industries (NYSE:THO) last released its earnings results on Monday, June 10th. The construction company reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by ($0.01). The business had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.60 billion. Thor Industries had a net margin of 1.74% and a return on equity of 15.53%. The business’s revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.53 earnings per share. On average, equities analysts forecast that Thor Industries will post 5.28 earnings per share for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James & Associates grew its stake in shares of Thor Industries by 56.0% during the fourth quarter. Raymond James & Associates now owns 47,543 shares of the construction company’s stock valued at $2,472,000 after buying an additional 17,062 shares during the last quarter. South Dakota Investment Council grew its stake in shares of Thor Industries by 184.3% during the fourth quarter. South Dakota Investment Council now owns 151,800 shares of the construction company’s stock valued at $7,894,000 after buying an additional 98,400 shares during the last quarter. Piedmont Investment Advisors Inc. grew its stake in shares of Thor Industries by 44.2% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 4,332 shares of the construction company’s stock worth $225,000 after purchasing an additional 1,328 shares during the last quarter. Cerity Partners LLC bought a new stake in shares of Thor Industries in the fourth quarter worth about $480,000. Finally, Eagle Ridge Investment Management grew its stake in shares of Thor Industries by 20.8% in the fourth quarter. Eagle Ridge Investment Management now owns 92,995 shares of the construction company’s stock worth $4,836,000 after purchasing an additional 16,004 shares during the last quarter. 87.01% of the stock is currently owned by institutional investors and hedge funds.
About Thor Industries
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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