Robert W. Baird upgraded shares of Thor Industries, Inc. (NYSE:THO) from a neutral rating to an outperform rating in a report issued on Wednesday. Robert W. Baird currently has $120.00 target price on the stock.
A number of other equities research analysts also recently weighed in on THO. Vetr raised Thor Industries from a buy rating to a strong-buy rating and set a $93.65 price objective on the stock in a report on Thursday, October 20th. BMO Capital Markets lifted their price objective on Thor Industries from $80.00 to $102.00 and gave the company a market perform rating in a report on Tuesday, November 29th. Finally, Argus lifted their price objective on Thor Industries to $115.00 and gave the company a buy rating in a report on Friday, January 6th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $94.85.
Shares of Thor Industries (NYSE:THO) traded up 0.841% during trading on Wednesday, reaching $109.665. The company’s stock had a trading volume of 388,094 shares. The company has a market capitalization of $5.77 billion, a P/E ratio of 20.286 and a beta of 1.25. Thor Industries has a 12 month low of $47.56 and a 12 month high of $110.27. The company’s 50-day moving average is $102.68 and its 200-day moving average is $88.76.
Thor Industries (NYSE:THO) last released its earnings results on Monday, November 28th. The company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.26. Thor Industries had a return on equity of 23.74% and a net margin of 5.41%. The business had revenue of $1.71 billion for the quarter. During the same period last year, the business earned $0.97 earnings per share. The firm’s quarterly revenue was up 65.8% compared to the same quarter last year. On average, analysts forecast that Thor Industries will post $6.39 EPS for the current fiscal year.
In other news, Director Alan Siegel sold 2,236 shares of Thor Industries stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $100.41, for a total value of $224,516.76. Following the completion of the transaction, the director now owns 6,988 shares in the company, valued at $701,665.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.60% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Thor Industries by 4.4% in the second quarter. Vanguard Group Inc. now owns 3,342,615 shares of the company’s stock worth $216,401,000 after buying an additional 141,893 shares during the period. Principal Financial Group Inc. boosted its position in Thor Industries by 13.6% in the second quarter. Principal Financial Group Inc. now owns 177,404 shares of the company’s stock worth $11,486,000 after buying an additional 21,299 shares during the period. Alambic Investment Management L.P. boosted its position in Thor Industries by 172.7% in the second quarter. Alambic Investment Management L.P. now owns 38,580 shares of the company’s stock worth $2,498,000 after buying an additional 24,430 shares during the period. Scout Investments Inc. boosted its position in Thor Industries by 24.8% in the second quarter. Scout Investments Inc. now owns 891,939 shares of the company’s stock worth $57,744,000 after buying an additional 177,444 shares during the period. Finally, HM Payson & Co. boosted its position in Thor Industries by 25.5% in the second quarter. HM Payson & Co. now owns 139,308 shares of the company’s stock worth $9,019,000 after buying an additional 28,334 shares during the period. Institutional investors own 89.12% 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.