Price Action Report: Thor Industries, Inc. Hit All Time High

Price Action Report: Thor Industries, Inc. Hit All Time High

The stock of Thor Industries, Inc. (NYSE:THO) reached all time high today, Nov, 18 and still has $141.33 target or 62.00% above today’s $87.24 share price. This indicates more upside for the $4.67 billion company. This technical setup was reported by Barchart.com. If the $141.33 PT is reached, the company will be worth $2.90 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 83,903 shares traded hands. Thor Industries, Inc. (NYSE:THO) has risen 37.75% since April 18, 2016 and is uptrending. It has outperformed by 33.32% the S&P500.

Thor Industries, Inc. (NYSE:THO) Ratings Coverage

Out of 8 analysts covering Thor Industries Inc (NYSE:THO), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. Thor Industries Inc has been the topic of 11 analyst reports since September 29, 2015 according to StockzIntelligence Inc. Wunderlich maintained the stock with “Buy” rating in Tuesday, June 7 report. The stock has “Buy” rating given by Citigroup on Friday, October 2. The firm has “Buy” rating by Northcoast given on Tuesday, September 13. The firm earned “Hold” rating on Wednesday, December 2 by Gabelli. Wellington Shields upgraded Thor Industries, Inc. (NYSE:THO) on Wednesday, September 28 to “Buy” rating. As per Friday, July 29, the company rating was upgraded by Suntrust Robinson. The stock of Thor Industries, Inc. (NYSE:THO) has “Market Perform” rating given on Wednesday, June 8 by BMO Capital Markets. The rating was maintained by Citigroup with “Buy” on Thursday, March 24. The company was upgraded on Tuesday, September 29 by BMO Capital Markets. As per Wednesday, September 28, the company rating was upgraded by Great Lakes.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 0.37, from 1.37 in 2016Q1. The ratio turned negative, as 17 funds sold all Thor Industries, Inc. shares owned while 111 reduced positions. 51 funds bought stakes while 124 increased positions. They now own 43.86 million shares or 10.97% less from 49.27 million shares in 2016Q1.
The California-based Shelton Cap Management has invested 0.03% in Thor Industries, Inc. (NYSE:THO). Signaturefd Limited Liability last reported 0% of its portfolio in the stock. Stoneridge Investment Prns Limited Liability Com holds 0.39% or 40,496 shares in its portfolio. Globeflex Capital L P has invested 0.48% of its portfolio in Thor Industries, Inc. (NYSE:THO). Wellington Shields Cap Management Limited Co holds 0.09% or 8,650 shares in its portfolio. Metropolitan Life Insurance has 45,160 shares for 0.02% of their US portfolio. Blackrock has 24,346 shares for 0% of their US portfolio. Horizon Investment Serv accumulated 1.79% or 54,598 shares. Oregon Pub Employees Retirement Fund accumulated 20,127 shares or 0.03% of the stock. Schroder Investment Mgmt Gru holds 0.08% or 597,154 shares in its portfolio. State Board Of Administration Of Florida Retirement Sys accumulated 55,345 shares or 0.01% of the stock. Synovus holds 0% or 1,350 shares in its portfolio. Country Trust Bancorporation has 0% invested in the company for 200 shares. Alexandria Cap Ltd, a Virginia-based fund reported 229,774 shares. The Ohio-based Keybank Natl Association Oh has invested 0.01% in Thor Industries, Inc. (NYSE:THO).

Insider Transactions: Since September 29, 2016, the stock had 0 buys, and 1 insider sale for $400,360 net activity. 4,672 shares were sold by ORTHWEIN PETER BUSCH, worth $400,360 on Thursday, September 29.

More notable recent Thor Industries, Inc. (NYSE:THO) news were published by: Forbes.com which released: “An Interview With Bob Martin, President And CEO Of Thor Industries, Inc.” on October 31, 2016, also Forbes.com with their article: “Thor Industries Enters Oversold Territory” published on November 03, 2016, Forbes.com published: “Thor Industries Looks Like A Good Place For Investors To Set Up Camp” on July 07, 2016. More interesting news about Thor Industries, Inc. (NYSE:THO) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Thor Industries, Hormel Foods and Colgate-Palmolive” published on October 18, 2016 as well as Wsj.com‘s news article titled: “Thor Industries to Buy Jayco for $576 Million” with publication date: July 01, 2016.

THO Company Profile

Thor Industries, Inc., incorporated on July 26, 1983, makes a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily throughout the United States and Canada, as well as related parts and accessories. The Company’s divisions include towable recreational vehicles, motorized recreational vehicles and Other. The towable recreational vehicle segment includes the activities of Airstream, Inc. (Airstream) (towable); Heartland Recreational Vehicles, LLC (Heartland) (including Bison Coach, LLC (Bison), Cruiser RV, LLC (CRV) and DRV, LLC (DRV)); Jayco, Corp. (Jayco) (including Jayco towable, Starcraft and Highland Ridge), Keystone RV Company (Keystone) (including CrossRoads and Dutchmen) and K.Z., Inc. (KZ) (including Livin’ Lite RV, Inc. (Livin’ Lite)). The motorized recreational vehicle segment includes the activities of Airstream (motorized), Jayco (including Jayco motorized and Entegra Coach) and Thor Motor Coach, Inc. (Thor Motor Coach). The Company’s Other segment includes the activities of its subsidiary, Postle Operating, LLC (Postle).

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