Shares of Thor Industries, Inc. (NYSE:THO) have earned an average rating of “Buy” from the twelve brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $124.83.
A number of equities analysts have issued reports on THO shares. Zacks Investment Research upgraded Thor Industries from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. ValuEngine downgraded Thor Industries from a “sell” rating to a “strong sell” rating in a research note on Monday, July 2nd. Northcoast Research reiterated a “buy” rating on shares of Thor Industries in a research note on Friday, August 17th. Stifel Nicolaus reiterated a “hold” rating and set a $124.00 price target on shares of Thor Industries in a research note on Monday, June 4th. Finally, Citigroup dropped their target price on shares of Thor Industries from $150.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, June 21st.
THO stock opened at $96.30 on Friday. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 13.58 and a beta of 1.29. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.67 and a quick ratio of 0.96. Thor Industries has a 52-week low of $87.62 and a 52-week high of $161.48.
Thor Industries (NYSE:THO) last released its quarterly earnings results on Wednesday, June 6th. The construction company reported $2.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.65 by ($0.12). The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.21 billion. Thor Industries had a net margin of 5.50% and a return on equity of 28.10%. analysts forecast that Thor Industries will post 8.61 EPS for the current year.
Thor Industries declared that its board has approved a stock buyback program on Wednesday, June 20th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the construction company to reacquire up to 4.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
Several institutional investors have recently bought and sold shares of the business. Strategic Wealth Partners Ltd. bought a new stake in shares of Thor Industries in the 2nd quarter worth approximately $559,000. HM Payson & Co. raised its holdings in shares of Thor Industries by 15.3% in the 2nd quarter. HM Payson & Co. now owns 137,998 shares of the construction company’s stock worth $13,439,000 after purchasing an additional 18,331 shares during the period. Schroder Investment Management Group raised its holdings in shares of Thor Industries by 623.6% in the 2nd quarter. Schroder Investment Management Group now owns 390,000 shares of the construction company’s stock worth $37,853,000 after purchasing an additional 336,100 shares during the period. Hellman Jordan Management Co. Inc. MA bought a new stake in shares of Thor Industries in the 2nd quarter worth approximately $14,706,000. Finally, Delphi Management Inc. MA raised its holdings in shares of Thor Industries by 11.4% in the 2nd quarter. Delphi Management Inc. MA now owns 20,270 shares of the construction company’s stock worth $1,923,000 after purchasing an additional 2,080 shares during the period. 87.98% 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, and related parts and accessories primarily in the United States and Canada. It operates through Towable Recreational Vehicles and Motorized Recreational Vehicles segments. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, and Basecamp trade names, as well as Interstate series of Class B motorhomes; gasoline and diesel Class A and Class C motorhomes under the Four Winds, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, A.C.E., Alante, Precept, Greyhawk, and Redhawk trade names; and luxury Class A motorhomes under Insignia, Aspire, Anthem, and Cornerstone trade names.
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