Thor Industries (NYSE:THO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday, February 6th.
According to Zacks, “Thor Industries manufactures a wide range of recreational vehicles (RVs) at various manufacturing facilities located in Indiana and Ohio and sold through independent dealers in the U.S. and Canada. “
A number of other equities research analysts have also weighed in on THO. BMO Capital Markets boosted their price objective on Thor Industries to $150.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 28th. Argus lowered Thor Industries from a “buy” rating to a “hold” rating in a research report on Friday, December 8th. Robert W. Baird reiterated a “buy” rating and issued a $136.00 price target on shares of Thor Industries in a research report on Wednesday, November 1st. Northcoast Research lowered Thor Industries from a “buy” rating to a “neutral” rating and set a $150.00 price target on the stock. in a research report on Friday, January 26th. Finally, ValuEngine upgraded Thor Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $127.27.
Thor Industries (NYSE:THO) last issued its quarterly earnings data on Monday, November 27th. The construction company reported $2.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.59. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $1.99 billion. Thor Industries had a return on equity of 27.76% and a net margin of 5.46%. Thor Industries’s quarterly revenue was up 30.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 EPS. analysts forecast that Thor Industries will post 9.1 earnings per share for the current fiscal year.
In related news, Director Alan Siegel sold 1,000 shares of the company’s stock in a transaction that occurred on 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 directly 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 can be accessed through this link. 6.60% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its stake in Thor Industries by 5.6% during the 4th quarter. Wells Fargo & Company MN now owns 1,447,630 shares of the construction company’s stock worth $218,187,000 after buying an additional 76,774 shares during the period. Swedbank acquired a new position in Thor Industries during the 3rd quarter worth approximately $129,759,000. Point72 Asset Management L.P. raised its stake in Thor Industries by 2.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 870,766 shares of the construction company’s stock worth $109,638,000 after buying an additional 23,724 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Thor Industries by 1.4% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 840,059 shares of the construction company’s stock worth $105,773,000 after purchasing an additional 11,841 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Thor Industries by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 728,321 shares of the construction company’s stock worth $91,697,000 after purchasing an additional 2,323 shares during the last quarter. 88.55% of the stock is currently 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.
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