Thor Industries (NYSE:THO) had its price objective boosted by investment analysts at Truist from $135.00 to $145.00 in a report released on Wednesday, The Fly reports. Truist’s price objective indicates a potential upside of 8.29% from the company’s previous close.
A number of other research analysts have also weighed in on THO. KeyCorp raised their price objective on shares of Thor Industries from $140.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday. Zacks Investment Research lowered shares of Thor Industries from a “buy” rating to a “hold” rating and set a $101.00 price target on the stock. in a research report on Tuesday, December 1st. BMO Capital Markets raised their price target on shares of Thor Industries from $125.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Wedbush raised their price target on shares of Thor Industries from $107.00 to $137.00 and gave the company a “neutral” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $116.00.
Shares of THO traded up $1.54 during trading hours on Wednesday, hitting $133.90. 780,232 shares of the stock were exchanged, compared to its average volume of 799,159. The firm has a market capitalization of $7.41 billion, a P/E ratio of 26.08 and a beta of 2.42. Thor Industries has a fifty-two week low of $32.30 and a fifty-two week high of $138.00. The business has a 50-day moving average of $119.11 and a 200-day moving average of $100.86. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.40 and a quick ratio of 0.75.
Thor Industries (NYSE:THO) last released its quarterly earnings data on Monday, March 8th. The construction company reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.78. Thor Industries had a net margin of 3.34% and a return on equity of 13.15%. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the firm earned $0.52 earnings per share. The business’s quarterly revenue was up 36.1% compared to the same quarter last year. As a group, analysts forecast that Thor Industries will post 7.76 earnings per share for the current fiscal year.
In other news, VP W. Todd Woelfer sold 5,000 shares of Thor Industries stock in a transaction dated Monday, January 25th. The shares were sold at an average price of $112.50, for a total value of $562,500.00. Following the completion of the transaction, the vice president now owns 50,392 shares in the company, valued at $5,669,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director J Allen Kosowsky sold 5,197 shares of Thor Industries stock in a transaction dated Thursday, January 14th. The stock was sold at an average price of $102.90, for a total transaction of $534,771.30. Following the completion of the transaction, the director now owns 12,023 shares of the company’s stock, valued at approximately $1,237,166.70. The disclosure for this sale can be found here. Insiders have sold 12,197 shares of company stock valued at $1,307,271 in the last 90 days. 4.10% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. grew its stake in Thor Industries by 36,638.5% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 44,821 shares of the construction company’s stock valued at $4,168,000 after acquiring an additional 44,699 shares in the last quarter. Voya Financial Advisors Inc. lifted its position in Thor Industries by 13.7% during the fourth quarter. Voya Financial Advisors Inc. now owns 5,652 shares of the construction company’s stock valued at $548,000 after purchasing an additional 683 shares during the last quarter. Norges Bank bought a new stake in Thor Industries during the fourth quarter valued at approximately $21,581,000. Capital Asset Advisory Services LLC lifted its position in Thor Industries by 11.5% during the fourth quarter. Capital Asset Advisory Services LLC now owns 5,674 shares of the construction company’s stock valued at $530,000 after purchasing an additional 586 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in Thor Industries by 85.7% during the fourth quarter. Hsbc Holdings PLC now owns 10,282 shares of the construction company’s stock valued at $969,000 after purchasing an additional 4,744 shares during the last quarter. Hedge funds and other institutional investors own 93.13% of the company’s stock.
About Thor Industries
Thor Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. It offers travel trailers under the Airstream Classic, Globetrotter, International, Flying Cloud, Caravel, Bambi, and Basecamp trade names; Class B motorhomes under the Interstate and Atlas series, and Sequence and Tellaro trade names; 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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