Thor Industries (NYSE:THO) was upgraded by Northcoast Research from a “neutral” rating to a “buy” rating in a research note issued on Tuesday, MarketBeat.com reports. The brokerage presently has a $88.00 target price on the construction company’s stock. Northcoast Research’s price objective indicates a potential upside of 9.03% from the company’s previous close.
Several other research firms have also weighed in on THO. Robert W. Baird reaffirmed an “outperform” rating and issued a $74.00 price objective (up from $65.00) on shares of Thor Industries in a research note on Tuesday, December 10th. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Thursday, December 5th. ValuEngine lowered Thor Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Sidoti lifted their price objective on Thor Industries from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Finally, Citigroup reduced their price objective on Thor Industries from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $69.22.
NYSE THO opened at $80.71 on Tuesday. The firm has a market capitalization of $3.91 billion, a P/E ratio of 15.58, a P/E/G ratio of 1.21 and a beta of 1.97. Thor Industries has a 1-year low of $42.05 and a 1-year high of $80.81. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.38 and a quick ratio of 0.75. The business’s 50-day simple moving average is $70.60 and its 200-day simple moving average is $59.66.
Thor Industries (NYSE:THO) last released its quarterly earnings data on Monday, December 9th. The construction company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.27. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.23 billion. Thor Industries had a return on equity of 15.72% and a net margin of 2.06%. The company’s revenue was up 22.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 EPS. On average, equities research analysts expect that Thor Industries will post 5.89 EPS for the current fiscal year.
In related news, insider Robert W. Martin purchased 10,000 shares of Thor Industries stock in a transaction that occurred on Tuesday, October 22nd. The shares were purchased at an average cost of $58.82 per share, with a total value of $588,200.00. Following the transaction, the insider now owns 220,175 shares of the company’s stock, valued at approximately $12,950,693.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 4.00% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in THO. Captrust Financial Advisors lifted its position in Thor Industries by 122.2% during the 2nd quarter. Captrust Financial Advisors now owns 1,000 shares of the construction company’s stock worth $59,000 after acquiring an additional 550 shares in the last quarter. Quest Capital Management Inc. ADV acquired a new position in Thor Industries during the 3rd quarter worth approximately $59,000. First Manhattan Co. acquired a new position in Thor Industries during the 2nd quarter worth approximately $84,000. HM Payson & Co. acquired a new position in Thor Industries during the 2nd quarter worth approximately $90,000. Finally, Private Capital Group LLC lifted its position in Thor Industries by 136.7% during the 2nd quarter. Private Capital Group LLC now owns 1,084 shares of the construction company’s stock worth $106,000 after acquiring an additional 626 shares in the last quarter. 95.00% of the stock is currently owned by hedge funds and other institutional investors.
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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