Stifel Nicolaus Reiterates Hold Rating for Thor Industries, Inc. (THO)
Thor Industries, Inc. (NYSE:THO)‘s stock had its “hold” rating reaffirmed by research analysts at Stifel Nicolaus in a research report issued on Wednesday.
Several other equities research analysts have also recently weighed in on THO. BidaskClub upgraded Thor Industries from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Zacks Investment Research cut Thor Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 8th. Citigroup Inc. reiterated a “buy” rating and issued a $118.00 price objective (up previously from $111.00) on shares of Thor Industries in a report on Friday, June 9th. Sidoti initiated coverage on Thor Industries in a report on Friday, August 11th. They issued a “buy” rating and a $133.00 price objective for the company. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $110.00 price objective on shares of Thor Industries in a report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $109.22.
Thor Industries (THO) traded up 0.19% during trading on Wednesday, hitting $105.75. The company had a trading volume of 418,914 shares. Thor Industries has a 1-year low of $74.00 and a 1-year high of $115.74. The company’s 50 day moving average price is $104.88 and its 200-day moving average price is $101.05. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 16.50 and a beta of 1.40.
Thor Industries (NYSE:THO) last announced its quarterly earnings data on Monday, June 5th. The construction company reported $2.11 EPS for the quarter, beating the consensus estimate of $1.87 by $0.24. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.96 billion. Thor Industries had a return on equity of 24.83% and a net margin of 5.11%. The company’s revenue was up 56.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.51 EPS. On average, analysts expect that Thor Industries will post $6.77 EPS for the current year.
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In other news, Director Alan Siegel sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $109.45, for a total value of $109,450.00. Following the completion of the transaction, the director now owns 4,988 shares in the company, valued at approximately $545,936.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 6.60% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Huntington National Bank boosted its position in Thor Industries by 82.0% in the second quarter. Huntington National Bank now owns 983 shares of the construction company’s stock worth $103,000 after buying an additional 443 shares during the last quarter. Penserra Capital Management LLC purchased a new position in Thor Industries during the second quarter worth approximately $104,000. Sterling Investment Advisors Ltd. purchased a new position in Thor Industries during the second quarter worth approximately $105,000. Fiduciary Trust Co. purchased a new position in Thor Industries during the second quarter worth approximately $133,000. Finally, Winslow Evans & Crocker Inc. purchased a new position in Thor Industries during the first quarter worth approximately $154,000. Institutional investors own 89.62% of the company’s stock.
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.
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