Thor Industries, Inc. (NYSE:THO) Receives Average Rating of “Hold” from Analysts

Thor Industries, Inc. (NYSE:THO) has received an average rating of “Hold” from the thirteen research firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $73.67.

THO has been the topic of a number of recent analyst reports. SunTrust Banks boosted their price target on shares of Thor Industries from $76.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Robert W. Baird reiterated an “outperform” rating and issued a $74.00 price objective (up previously from $65.00) on shares of Thor Industries in a research note on Tuesday, December 10th. ValuEngine lowered shares of Thor Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Northcoast Research upgraded shares of Thor Industries from a “neutral” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Tuesday, January 14th. Finally, Zacks Investment Research upgraded shares of Thor Industries from a “sell” rating to a “hold” rating in a research note on Saturday.

Shares of THO stock traded down $0.22 during trading hours on Friday, reaching $86.66. 593,049 shares of the stock traded hands. Thor Industries has a 1-year low of $42.05 and a 1-year high of $88.75. The business has a fifty day moving average price of $78.54 and a 200 day moving average price of $63.24.

Thor Industries (NYSE:THO) last released its quarterly earnings results on Monday, December 9th. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.27. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the prior year, the firm earned $0.26 EPS. The firm’s revenue was up 22.9% compared to the same quarter last year. Sell-side analysts predict that Thor Industries will post 5.97 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in THO. Kayne Anderson Rudnick Investment Management LLC increased its stake in Thor Industries by 44.4% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,986,431 shares of the construction company’s stock valued at $221,863,000 after buying an additional 918,447 shares during the period. Franklin Resources Inc. grew its position in Thor Industries by 3,167.6% in the fourth quarter. Franklin Resources Inc. now owns 594,415 shares of the construction company’s stock worth $44,159,000 after acquiring an additional 576,224 shares in the last quarter. Millennium Management LLC grew its position in Thor Industries by 296.3% in the third quarter. Millennium Management LLC now owns 634,435 shares of the construction company’s stock worth $35,934,000 after acquiring an additional 474,335 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in Thor Industries by 314.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 534,247 shares of the construction company’s stock worth $39,689,000 after acquiring an additional 405,229 shares in the last quarter. Finally, Waratah Capital Advisors Ltd. bought a new stake in Thor Industries in the third quarter worth approximately $13,411,000. Hedge funds and other institutional investors own 95.10% of the company’s stock.

About Thor Industries

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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Analyst Recommendations for Thor Industries (NYSE:THO)

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