Thor Industries, Inc. (THO) Director Sells $255,680.00 in Stock
Thor Industries, Inc. (NYSE:THO) Director J Allen Kosowsky sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $127.84, for a total value of $255,680.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Thor Industries, Inc. (THO) traded down 1.70% during trading on Wednesday, reaching $125.92. 1,070,848 shares of the company’s stock were exchanged. The firm has a market cap of $6.62 billion, a P/E ratio of 19.65 and a beta of 1.37. Thor Industries, Inc. has a 52-week low of $74.00 and a 52-week high of $129.71. The stock’s 50 day moving average price is $111.71 and its 200 day moving average price is $102.33.
Thor Industries (NYSE:THO) last issued its earnings results on Wednesday, September 27th. The construction company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.31. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.83 billion. Thor Industries had a net margin of 5.16% and a return on equity of 26.04%. The company’s quarterly revenue was up 49.7% on a year-over-year basis. During the same quarter last year, the business posted $1.57 earnings per share. Equities research analysts anticipate that Thor Industries, Inc. will post $8.05 EPS for the current fiscal year.
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A number of equities analysts have recently commented on the stock. Stifel Nicolaus reaffirmed a “hold” rating on shares of Thor Industries in a report on Wednesday, August 16th. BidaskClub upgraded shares of Thor Industries from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Zacks Investment Research raised shares of Thor Industries from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a research note on Wednesday, August 30th. Aegis reissued a “hold” rating and issued a $130.00 target price (up previously from $113.00) on shares of Thor Industries in a research note on Saturday. Finally, Citigroup Inc. reissued a “buy” rating and issued a $118.00 price target (up previously from $111.00) on shares of Thor Industries in a research report on Friday, June 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $119.74.
Hedge funds have recently modified their holdings of the stock. Huntington National Bank increased its holdings in Thor Industries by 82.0% in the 2nd quarter. Huntington National Bank now owns 983 shares of the construction company’s stock worth $103,000 after purchasing an additional 443 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in shares of Thor Industries during the second quarter valued at about $104,000. Sterling Investment Advisors Ltd. acquired a new stake in shares of Thor Industries during the second quarter valued at about $105,000. Fiduciary Trust Co. acquired a new stake in shares of Thor Industries during the second quarter valued at about $133,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Thor Industries by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,735 shares of the construction company’s stock valued at $181,000 after purchasing an additional 151 shares in the last quarter. Institutional investors and hedge funds own 89.48% of the company’s stock.
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.
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