Argus Lowers Thor Industries (THO) to Hold

Argus lowered shares of Thor Industries (NYSE:THO) from a buy rating to a hold rating in a research note released on Friday morning, Marketbeat.com reports.

A number of other analysts have also issued reports on THO. Sidoti initiated coverage on shares of Thor Industries in a research note on Friday, August 11th. They set a buy rating and a $133.00 price target on the stock. Stifel Nicolaus reiterated a hold rating on shares of Thor Industries in a research note on Wednesday, August 16th. Zacks Investment Research upgraded shares of Thor Industries from a hold rating to a buy rating and set a $122.00 target price on the stock in a research note on Wednesday, August 30th. BMO Capital Markets restated a hold rating and set a $110.00 target price on shares of Thor Industries in a research note on Friday, September 1st. Finally, Robert W. Baird restated a buy rating and set a $120.00 target price on shares of Thor Industries in a research note on Friday, September 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $124.33.

Shares of Thor Industries (THO) opened at $151.10 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.91 and a current ratio of 1.50. The stock has a market cap of $7,962.12, a PE ratio of 18.82 and a beta of 1.45. Thor Industries has a one year low of $87.96 and a one year high of $156.86.

Thor Industries (NYSE:THO) last issued its quarterly earnings results on Monday, November 27th. The construction company reported $2.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.59. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $1.99 billion. Thor Industries had a net margin of 5.46% and a return on equity of 27.76%. The business’s revenue for the quarter was up 30.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.49 earnings per share. sell-side analysts anticipate that Thor Industries will post 9.14 EPS for the current fiscal year.

In related news, Chairman Peter Busch Orthwein sold 2,784 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $115.00, for a total value of $320,160.00. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan Siegel sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $153.75, for a total value of $153,750.00. Following the completion of the transaction, the director now directly owns 4,988 shares of the company’s stock, valued at $766,905. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Optimum Investment Advisors acquired a new stake in shares of Thor Industries in the third quarter valued at approximately $205,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Thor Industries by 144.0% in the third quarter. Public Employees Retirement System of Ohio now owns 90,900 shares of the construction company’s stock valued at $11,445,000 after acquiring an additional 53,641 shares during the period. Guardian Capital LP acquired a new stake in shares of Thor Industries in the third quarter valued at approximately $204,000. Janney Montgomery Scott LLC acquired a new stake in shares of Thor Industries in the third quarter valued at approximately $969,000. Finally, Janney Capital Management LLC acquired a new stake in shares of Thor Industries in the third quarter valued at approximately $566,000. 88.63% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Thor Industries (NYSE:THO)

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