Thor Industries, Inc. (NYSE:THO) has been given an average rating of “Hold” by the fifteen ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $127.33.
Several analysts have issued reports on the company. Argus downgraded Thor Industries from a “buy” rating to a “hold” rating in a report on Friday, December 8th. Northcoast Research downgraded Thor Industries from a “buy” rating to a “neutral” rating and set a $150.00 price objective on the stock. in a report on Friday, January 26th. ValuEngine upgraded Thor Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. BMO Capital Markets boosted their price objective on Thor Industries to $150.00 and gave the stock a “market perform” rating in a report on Tuesday, November 28th. Finally, Robert W. Baird restated a “buy” rating and set a $136.00 price objective on shares of Thor Industries in a report on Wednesday, November 1st.
Thor Industries (NYSE THO) traded down $5.59 during midday trading on Tuesday, reaching $124.83. The company’s stock had a trading volume of 1,029,109 shares, compared to its average volume of 932,694. The company has a current ratio of 1.50, a quick ratio of 0.91 and a debt-to-equity ratio of 0.05. The firm has a market cap of $6,577.79, a P/E ratio of 15.55 and a beta of 1.23. Thor Industries has a 12-month low of $87.96 and a 12-month high of $161.48.
Thor Industries (NYSE:THO) last posted its quarterly earnings data on Monday, November 27th. The construction company reported $2.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.59. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $1.99 billion. Thor Industries had a return on equity of 27.76% and a net margin of 5.46%. The business’s revenue for the quarter was up 30.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.49 EPS. research analysts forecast that Thor Industries will post 9.1 earnings per share for the current fiscal year.
In other Thor Industries news, Director Alan Siegel sold 1,000 shares of Thor Industries stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $153.75, for a total transaction of $153,750.00. Following the transaction, the director now owns 4,988 shares of the company’s stock, valued at approximately $766,905. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 6.60% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in THO. FMR LLC grew its stake in shares of Thor Industries by 0.4% in the 2nd quarter. FMR LLC now owns 8,046 shares of the construction company’s stock valued at $841,000 after buying an additional 30 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Thor Industries by 10.2% in the 2nd quarter. Royal Bank of Canada now owns 57,727 shares of the construction company’s stock valued at $6,035,000 after buying an additional 5,345 shares in the last quarter. Macquarie Group Ltd. bought a new stake in shares of Thor Industries in the 2nd quarter valued at approximately $1,400,000. The Manufacturers Life Insurance Company grew its stake in shares of Thor Industries by 2.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,792 shares of the construction company’s stock valued at $7,401,000 after buying an additional 1,361 shares in the last quarter. Finally, Bank of Nova Scotia bought a new stake in shares of Thor Industries in the 2nd quarter valued at approximately $1,233,000. 88.55% of the stock is currently owned by institutional investors.
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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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