Shares of Thor Industries, Inc. (NYSE:THO) saw unusually-strong trading volume on Monday . Approximately 8,272,055 shares traded hands during mid-day trading, an increase of 815% from the previous session’s volume of 903,972 shares.The stock last traded at $56.64 and had previously closed at $48.92.
A number of equities analysts have issued reports on THO shares. CL King cut shares of Thor Industries from a “buy” rating to a “neutral” rating in a report on Monday, September 9th. Wellington Shields cut shares of Thor Industries from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Citigroup cut their target price on shares of Thor Industries from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. SunTrust Banks reissued a “buy” rating and issued a $80.00 target price on shares of Thor Industries in a report on Tuesday, June 11th. Finally, Zacks Investment Research cut Thor Industries from a “hold” rating to a “strong sell” rating in a report on Saturday, September 7th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $70.56.
The stock has a fifty day moving average price of $48.35 and a two-hundred day moving average price of $57.22. The company has a market cap of $2.76 billion, a P/E ratio of 6.62, a PEG ratio of 0.62 and a beta of 1.93. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.54 and a quick ratio of 0.91.
In other Thor Industries news, Director James L. Ziemer purchased 3,545 shares of the business’s stock in a transaction dated Monday, July 8th. The shares were bought at an average price of $57.23 per share, with a total value of $202,880.35. Following the completion of the acquisition, the director now owns 15,263 shares in the company, valued at approximately $873,501.49. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.20% of the company’s stock.
A number of large investors have recently made changes to their positions in THO. Geode Capital Management LLC raised its holdings in Thor Industries by 9.2% during the fourth quarter. Geode Capital Management LLC now owns 544,009 shares of the construction company’s stock worth $28,287,000 after purchasing an additional 45,673 shares in the last quarter. Raymond James & Associates raised its holdings in Thor Industries by 28.6% during the first quarter. Raymond James & Associates now owns 61,138 shares of the construction company’s stock worth $3,813,000 after purchasing an additional 13,595 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Thor Industries by 20.8% during the first quarter. JPMorgan Chase & Co. now owns 352,079 shares of the construction company’s stock worth $21,957,000 after purchasing an additional 60,603 shares in the last quarter. US Bancorp DE raised its holdings in Thor Industries by 36.0% during the first quarter. US Bancorp DE now owns 14,380 shares of the construction company’s stock worth $897,000 after purchasing an additional 3,808 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in Thor Industries during the first quarter worth approximately $493,000. 89.63% of the stock is currently owned by hedge funds and other institutional investors.
Thor Industries Company Profile (NYSE:THO)
Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories primarily in the United States and Canada. It operates in two segments, Towable Recreational Vehicles and Motorized Recreational Vehicles. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, Basecamp, and Nest travel trade names, as well as Interstate series of Class B motorhomes; and gasoline and diesel Class A and Class C motorhomes under the Four Winds, Freedom Elite, Majestic, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, and A.C.E trade names.
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