Thor Industries, Inc. (THO) Earns Hold Rating from Stifel Nicolaus
Stifel Nicolaus reiterated their hold rating on shares of Thor Industries, Inc. (NYSE:THO) in a research note released on Saturday morning. The brokerage currently has a $114.00 target price on the construction company’s stock, up from their previous target price of $110.00.
Several other research analysts have also recently issued reports on the company. Citigroup Inc. restated a buy rating and issued a $118.00 price objective (up from $111.00) on shares of Thor Industries in a research note on Friday, June 9th. Zacks Investment Research upgraded Thor Industries from a hold rating to a buy rating and set a $117.00 target price on the stock in a research report on Thursday, June 8th. Sidoti initiated coverage on shares of Thor Industries in a report on Friday, August 11th. They issued a buy rating and a $133.00 price target on the stock. Robert W. Baird reiterated a buy rating and issued a $120.00 price target on shares of Thor Industries in a report on Friday, September 8th. Finally, Canaccord Genuity reissued a buy rating on shares of Thor Industries in a research report on Friday, September 22nd. 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 company’s stock. The company presently has an average rating of Buy and an average target price of $119.74.
Thor Industries (NYSE THO) opened at 127.87 on Friday. The stock has a 50 day moving average of $111.10 and a 200 day moving average of $102.12. Thor Industries has a 52 week low of $74.00 and a 52 week high of $128.05. The company has a market cap of $6.72 billion, a PE ratio of 19.95 and a beta of 1.36.
Thor Industries (NYSE:THO) last posted its quarterly earnings results on Wednesday, September 27th. The construction company reported $2.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.95 by $0.31. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.83 billion. Thor Industries had a return on equity of 26.04% and a net margin of 5.16%. The company’s quarterly revenue was up 49.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.57 EPS. Equities research analysts predict that Thor Industries will post $7.99 EPS for the current fiscal year.
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In related news, Chairman Peter Busch Orthwein sold 2,784 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $115.00, for a total transaction of $320,160.00. Following the sale, the chairman now directly owns 1,396,352 shares of the company’s stock, valued at $160,580,480. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.60% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in THO. Huntington National Bank increased its holdings in Thor Industries by 82.0% in the second quarter. Huntington National Bank now owns 983 shares of the construction company’s stock valued at $103,000 after buying an additional 443 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in shares of Thor Industries during the 2nd quarter worth about $104,000. Sterling Investment Advisors Ltd. purchased a new stake in shares of Thor Industries during the 2nd quarter worth about $105,000. Fiduciary Trust Co. purchased a new stake in shares of Thor Industries during the 2nd quarter worth about $133,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Thor Industries by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,735 shares of the construction company’s stock worth $181,000 after acquiring an additional 151 shares in the last quarter. Institutional investors own 89.48% 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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