Investment Analysts’ Recent Ratings Changes for Thor Industries (THO)

A number of research firms have changed their ratings and price targets for Thor Industries (NYSE: THO):

  • 10/1/2019 – Thor Industries had its “reduce” rating reaffirmed by analysts at Robert W. Baird. They now have a $65.00 price target on the stock, up previously from $60.00.
  • 10/1/2019 – Thor Industries was downgraded by analysts at Northcoast Research from a “buy” rating to a “neutral” rating. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 10/1/2019 – Thor Industries had its price target raised by analysts at Sidoti from $75.00 to $77.00. They now have a “buy” rating on the stock.
  • 9/30/2019 – Thor Industries was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 9/23/2019 – Thor Industries had its price target lowered by analysts at Citigroup Inc from $70.00 to $65.00. They now have a “buy” rating on the stock.
  • 9/9/2019 – Thor Industries was downgraded by analysts at CL King from a “buy” rating to a “neutral” rating.
  • 9/7/2019 – Thor Industries was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. 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. “
  • 9/4/2019 – Thor Industries had its price target lowered by analysts at Bank of America Corp from $58.00 to $47.00. They now have an “underperform” rating on the stock.
  • 8/30/2019 – Thor Industries had its price target lowered by analysts at Sidoti from $81.00 to $75.00. They now have a “buy” rating on the stock.
  • 8/8/2019 – Thor Industries was downgraded by analysts at Wellington Shields from a “buy” rating to a “hold” rating.

NYSE:THO traded down $0.10 during trading hours on Thursday, hitting $54.78. The company’s stock had a trading volume of 1,020,829 shares, compared to its average volume of 916,563. The stock has a fifty day simple moving average of $48.62 and a 200-day simple moving average of $56.93. The company has a market capitalization of $2.95 billion, a P/E ratio of 10.58, a PEG ratio of 0.71 and a beta of 1.95. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.54 and a quick ratio of 0.91. Thor Industries, Inc. has a twelve month low of $42.05 and a twelve month high of $85.53.

Thor Industries (NYSE:THO) last released its quarterly earnings data on Monday, September 30th. The construction company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.27. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.35 billion. Thor Industries had a return on equity of 15.77% and a net margin of 1.69%. Thor Industries’s revenue was up 23.3% compared to the same quarter last year. During the same period last year, the firm posted $1.67 earnings per share. On average, equities analysts predict that Thor Industries, Inc. will post 5.64 EPS for the current fiscal year.

In other Thor Industries news, Director James L. Ziemer acquired 3,545 shares of Thor Industries stock in a transaction that occurred on Monday, July 8th. The shares were acquired at an average cost of $57.23 per share, with a total value of $202,880.35. Following the completion of the purchase, the director now directly owns 15,263 shares of the company’s stock, valued at approximately $873,501.49. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.20% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in THO. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Thor Industries by 50.1% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,042,847 shares of the construction company’s stock valued at $127,412,000 after buying an additional 681,668 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Thor Industries by 146.6% in the second quarter. Renaissance Technologies LLC now owns 412,500 shares of the construction company’s stock valued at $24,111,000 after buying an additional 245,200 shares in the last quarter. BlackRock Inc. boosted its stake in Thor Industries by 5.3% in the first quarter. BlackRock Inc. now owns 4,632,711 shares of the construction company’s stock valued at $288,945,000 after buying an additional 231,869 shares in the last quarter. Ardevora Asset Management LLP boosted its stake in shares of Thor Industries by 31.8% during the second quarter. Ardevora Asset Management LLP now owns 712,800 shares of the construction company’s stock valued at $41,663,000 after purchasing an additional 171,800 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Thor Industries by 31.9% during the first quarter. Wells Fargo & Company MN now owns 651,583 shares of the construction company’s stock valued at $40,639,000 after purchasing an additional 157,718 shares in the last quarter. 89.63% of the stock is currently owned by institutional investors and hedge funds.

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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