Thor Industries, Inc. (THO) Given Buy Rating at Northcoast Research
Thor Industries, Inc. (NYSE:THO)‘s stock had its “buy” rating reissued by analysts at Northcoast Research in a research note issued to investors on Monday. They presently have a $145.00 price target on the construction company’s stock, up from their previous price target of $134.00. Northcoast Research’s target price indicates a potential upside of 23.96% from the company’s previous close.
A number of other brokerages have also recently weighed in on THO. Canaccord Genuity restated a “buy” rating on shares of Thor Industries in a research note on Friday, September 22nd. Zacks Investment Research cut shares of Thor Industries from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Stifel Nicolaus restated a “hold” rating on shares of Thor Industries in a research note on Thursday, September 21st. Aegis assumed coverage on shares of Thor Industries in a research note on Monday, September 11th. They set a “hold” rating and a $113.00 price objective on the stock. Finally, Robert W. Baird restated a “buy” rating and set a $120.00 price objective on shares of Thor Industries in a research note on Friday, September 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the stock. Thor Industries presently has an average rating of “Buy” and a consensus target price of $113.20.
Thor Industries (NYSE:THO) traded up 1.5987% during trading on Monday, hitting $121.9083. 1,167,205 shares of the stock were exchanged. The company has a market cap of $6.41 billion, a price-to-earnings ratio of 19.0244 and a beta of 1.38. The stock’s 50 day moving average is $107.12 and its 200-day moving average is $100.92. Thor Industries has a one year low of $74.00 and a one year high of $124.16.
Thor Industries (NYSE:THO) last issued its quarterly earnings data 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. Thor Industries had a net margin of 5.11% and a return on equity of 24.83%. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same period in the previous year, the business earned $1.57 earnings per share. The company’s revenue was up 49.7% on a year-over-year basis. On average, equities research analysts expect that Thor Industries will post $6.79 earnings per share for the current fiscal year.
In other Thor Industries news, Chairman Peter Busch Orthwein sold 2,784 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $115.00, for a total value of $320,160.00. Following the sale, the chairman now directly owns 1,396,352 shares in the company, valued at $160,580,480. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.60% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of the business. World Asset Management Inc raised its position in Thor Industries by 0.8% in the second quarter. World Asset Management Inc now owns 3,751 shares of the construction company’s stock worth $392,000 after acquiring an additional 29 shares in the last quarter. FMR LLC raised its position in Thor Industries by 0.4% in the second quarter. FMR LLC now owns 8,046 shares of the construction company’s stock worth $841,000 after acquiring an additional 30 shares in the last quarter. Somerset Trust Co raised its position in Thor Industries by 0.8% in the second quarter. Somerset Trust Co now owns 6,697 shares of the construction company’s stock worth $700,000 after acquiring an additional 56 shares in the last quarter. Bbva Compass Bancshares Inc. raised its position in Thor Industries by 0.6% in the second quarter. Bbva Compass Bancshares Inc. now owns 14,956 shares of the construction company’s stock worth $1,564,000 after acquiring an additional 82 shares in the last quarter. Finally, Barnett & Company Inc. raised its position in Thor Industries by 0.9% in the second quarter. Barnett & Company Inc. now owns 10,740 shares of the construction company’s stock worth $1,123,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other 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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