Argus reaffirmed their buy rating on shares of Thor Industries Inc. (NYSE:THO) in a report released on Sunday. Argus currently has a $92.00 price target on the stock.
THO has been the topic of a number of other reports. Wellington Shields upgraded Thor Industries from a hold rating to a gradually accumulate rating in a report on Monday, June 27th. SunTrust Banks Inc. upgraded Thor Industries from a neutral rating to a buy rating and boosted their price target for the company from $65.00 to $90.00 in a report on Friday, July 29th. BMO Capital Markets restated a hold rating on shares of Thor Industries in a report on Wednesday, September 28th. Zacks Investment Research upgraded Thor Industries from a hold rating to a buy rating and set a $96.00 price target on the stock in a report on Thursday. Finally, Wunderlich lowered Thor Industries from a buy rating to a hold rating and set a $80.00 target price on the stock. in a report on Friday, August 19th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of Buy and an average target price of $80.63.
Shares of Thor Industries (NYSE:THO) opened at 84.85 on Friday. The stock’s 50 day moving average price is $81.75 and its 200 day moving average price is $70.93. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 17.38 and a beta of 1.26. Thor Industries has a one year low of $47.56 and a one year high of $87.08.
Thor Industries (NYSE:THO) last issued its quarterly earnings results on Monday, September 26th. The company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.24. The company had revenue of $1.29 billion for the quarter. Thor Industries had a return on equity of 22.50% and a net margin of 5.60%. The business’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.31 earnings per share. On average, equities analysts anticipate that Thor Industries will post $5.89 earnings per share for the current fiscal year.
In other Thor Industries news, Chairman Peter Busch Orthwein sold 4,672 shares of the company’s stock in a transaction that occurred on Thursday, September 29th. The stock was sold at an average price of $85.69, for a total value of $400,343.68. Following the sale, the chairman now owns 1,400,252 shares in the company, valued at $119,987,593.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.80% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Pinkerton Retirement Specialists LLC acquired a new stake in Thor Industries during the second quarter valued at about $126,000. LS Investment Advisors LLC raised its stake in Thor Industries by 65.7% in the second quarter. LS Investment Advisors LLC now owns 2,809 shares of the company’s stock valued at $182,000 after buying an additional 1,114 shares in the last quarter. Sawgrass Asset Management LLC acquired a new stake in Thor Industries during the second quarter valued at about $216,000. Panagora Asset Management Inc. raised its stake in Thor Industries by 133.6% in the second quarter. Panagora Asset Management Inc. now owns 3,838 shares of the company’s stock valued at $248,000 after buying an additional 2,195 shares in the last quarter. Finally, M&T Bank Corp raised its stake in Thor Industries by 6.6% in the first quarter. M&T Bank Corp now owns 3,897 shares of the company’s stock valued at $249,000 after buying an additional 242 shares in the last quarter. Hedge funds and other institutional investors own 85.69% of the company’s stock.
About Thor Industries