The stock of Thor Industries, Inc. (NYSE:THO) reached all time high today, Nov, 24 and still has $92.27 target or 3.00% above today’s $89.58 share price. This indicates more upside for the $4.79B company. This technical setup was reported by Barchart.com. If the $92.27 PT is reached, the company will be worth $143.70M 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. The stock increased 1.14% or $1.01 on November 23, hitting $89.58. About 638,656 shares traded hands or 5.07% up from the average. Thor Industries, Inc. (NYSE:THO) has risen 41.81% since April 22, 2016 and is uptrending. It has outperformed by 36.40% the S&P500.
Analysts await Thor Industries, Inc. (NYSE:THO) to report earnings on December, 5. They expect $1.23 EPS, up 26.80% or $0.26 from last year’s $0.97 per share. THO’s profit will be $65.77M for 18.21 P/E if the $1.23 EPS becomes a reality. After $1.57 actual EPS reported by Thor Industries, Inc. for the previous quarter, Wall Street now forecasts -21.66% negative EPS growth.
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 shares of THO in a report on Tuesday, June 7 with “Buy” rating. The firm has “Buy” rating by Great Lakes given on Wednesday, September 28. The stock has “Buy” rating given by Citigroup on Thursday, March 24. As per Wednesday, December 2, the company rating was downgraded by Gabelli. The rating was upgraded by Wellington Shields on Wednesday, September 28 to “Buy”. The firm earned “Market Perform” rating on Wednesday, June 8 by BMO Capital Markets. On Tuesday, September 13 the stock rating was upgraded by Northcoast to “Buy”. The rating was upgraded by BMO Capital Markets to “Outperform” on Tuesday, September 29. The firm earned “Buy” rating on Friday, July 29 by Suntrust Robinson. The company was downgraded on Friday, August 19 by Wunderlich.
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 worsened, 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.
Babson last reported 13,000 shares in the company. The New York-based Jpmorgan Chase Company has invested 0.01% in Thor Industries, Inc. (NYSE:THO). Citigroup last reported 0% of its portfolio in the stock. Investec Asset Mngmt North America last reported 11,071 shares in the company. Boston Family Office Ltd Liability reported 45,553 shares or 0.38% of all its holdings. The New York-based Solaris Asset Limited Liability Com has invested 0.05% in Thor Industries, Inc. (NYSE:THO). Kayne Anderson Rudnick Lc, a California-based fund reported 553,353 shares. Camarda Fincl Advsr Lc last reported 372 shares in the company. D E Shaw & Com holds 0% or 16,596 shares in its portfolio. Reinhart Inc, a Wisconsin-based fund reported 28,960 shares. Envestnet Asset Mgmt last reported 90,418 shares in the company. Ahl Prtn Llp holds 11,076 shares or 0.04% of its portfolio. Pnc Financial Gp, a Pennsylvania-based fund reported 27,159 shares. Blackrock Fund Advsrs reported 1.63M shares or 0.02% of all its holdings. Credit Suisse Ag holds 84,502 shares or 0.01% of its portfolio.
Insider Transactions: Since September 29, 2016, the stock had 0 insider buys, and 1 insider sale for $400,360 net activity. Another trade for 4,672 shares valued at $400,360 was sold by ORTHWEIN PETER BUSCH.
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, Streetinsider.com published: “Form DEFA14A THOR INDUSTRIES INC” on November 23, 2016. More interesting news about Thor Industries, Inc. (NYSE:THO) were released by: Wsj.com and their article: “Thor Industries to Buy Jayco for $576 Million” published on July 01, 2016 as well as Forbes.com‘s news article titled: “Ex-Dividend Reminder: Thor Industries, Hormel Foods and Colgate-Palmolive” with publication date: October 18, 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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