Thor Industries (NYSE:THO) Upgraded at StockNews.com

Thor Industries (NYSE:THOGet Rating) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Several other research firms have also recently weighed in on THO. BMO Capital Markets lowered their target price on Thor Industries from $110.00 to $95.00 in a research note on Monday, May 16th. Truist Financial lowered their target price on Thor Industries to $75.00 in a research note on Thursday, May 26th. Robert W. Baird lowered their target price on Thor Industries from $120.00 to $100.00 and set an “outperform” rating on the stock in a research note on Thursday, June 9th. Finally, DA Davidson cut Thor Industries from a “neutral” rating to an “underperform” rating and set a $60.00 target price on the stock. in a research note on Thursday, May 19th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $86.11.

Thor Industries Trading Down 1.7 %

NYSE THO opened at $77.88 on Friday. The firm’s 50 day moving average price is $83.83 and its two-hundred day moving average price is $81.93. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.82 and a current ratio of 1.70. Thor Industries has a twelve month low of $66.26 and a twelve month high of $128.87. The stock has a market cap of $4.25 billion, a price-to-earnings ratio of 3.98 and a beta of 1.72.

Thor Industries (NYSE:THOGet Rating) last issued its quarterly earnings results on Wednesday, June 8th. The construction company reported $6.32 earnings per share for the quarter, beating analysts’ consensus estimates of $4.97 by $1.35. The business had revenue of $4.66 billion for the quarter, compared to the consensus estimate of $4.18 billion. Thor Industries had a return on equity of 34.04% and a net margin of 6.76%. Thor Industries’s revenue for the quarter was up 34.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.29 earnings per share. Equities analysts anticipate that Thor Industries will post 19.16 EPS for the current year.

Insider Buying and Selling

In related news, COO W. Todd Woelfer bought 1,225 shares of Thor Industries stock in a transaction that occurred on Tuesday, July 12th. The stock was purchased at an average cost of $81.55 per share, for a total transaction of $99,898.75. Following the acquisition, the chief operating officer now owns 70,325 shares in the company, valued at $5,735,003.75. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Thor Industries news, COO W. Todd Woelfer purchased 1,225 shares of the business’s stock in a transaction dated Tuesday, July 12th. The stock was bought at an average cost of $81.55 per share, for a total transaction of $99,898.75. Following the completion of the acquisition, the chief operating officer now directly owns 70,325 shares in the company, valued at $5,735,003.75. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Peter Busch Orthwein purchased 3,000 shares of the business’s stock in a transaction dated Wednesday, June 29th. The shares were acquired at an average price of $76.00 per share, with a total value of $228,000.00. Following the completion of the acquisition, the director now owns 133,400 shares of the company’s stock, valued at $10,138,400. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 14,225 shares of company stock worth $1,077,899. 4.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of THO. LSV Asset Management bought a new stake in Thor Industries in the first quarter valued at $85,835,000. Royal London Asset Management Ltd. bought a new stake in shares of Thor Industries during the first quarter worth $46,644,000. Madison Asset Management LLC bought a new stake in shares of Thor Industries during the first quarter worth $29,764,000. Aaron Wealth Advisors LLC grew its holdings in shares of Thor Industries by 7,770.0% during the first quarter. Aaron Wealth Advisors LLC now owns 236,100 shares of the construction company’s stock worth $3,000,000 after purchasing an additional 233,100 shares during the last quarter. Finally, Tweedy Browne Co LLC bought a new stake in shares of Thor Industries during the first quarter worth $18,159,000. 98.63% of the stock is currently owned by institutional investors and hedge funds.

About Thor Industries

(Get Rating)

Thor Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.

Read More

Analyst Recommendations for Thor Industries (NYSE:THO)

Receive News & Ratings for Thor Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thor Industries and related companies with MarketBeat.com's FREE daily email newsletter.