The stock of Thor Industries, Inc. (NYSE:THO) hit a new 52-week high and has $102.40 target or 7.00% above today’s $95.70 share price. The 6 months bullish chart indicates low risk for the $4.81 billion company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $102.40 price target is reached, the company will be worth $336.70M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.29M shares traded hands or 113.31% up from the average. Thor Industries, Inc. (NYSE:THO) has risen 43.56% since April 25, 2016 and is uptrending. It has outperformed by 37.54% the S&P500.
Analysts await Thor Industries, Inc. (NYSE:THO) to report earnings on December, 5. They expect $1.23 earnings per share, up 26.80% or $0.26 from last year’s $0.97 per share. THO’s profit will be $61.82 million for 19.45 P/E if the $1.23 EPS becomes a reality. After $1.57 actual earnings per share 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. The rating was upgraded by Northcoast to “Buy” on Tuesday, September 13. The rating was upgraded by BMO Capital Markets to “Outperform” on Tuesday, September 29. The company was maintained on Friday, October 2 by Citigroup. The firm has “Buy” rating given on Wednesday, September 28 by Great Lakes. On Friday, July 29 the stock rating was upgraded by Suntrust Robinson to “Buy”. Wunderlich downgraded Thor Industries, Inc. (NYSE:THO) rating on Friday, August 19. Wunderlich has “Hold” rating and $80 price target. On Wednesday, September 28 the stock rating was upgraded by Wellington Shields to “Buy”. Wunderlich maintained it with “Buy” rating and $80 target price in Tuesday, June 7 report. The company was maintained on Thursday, March 24 by Citigroup. The firm earned “Market Perform” rating on Wednesday, June 8 by BMO Capital Markets.
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.
Sei Company last reported 0.05% of its portfolio in the stock. Arizona State Retirement System last reported 19,079 shares in the company. M&T Financial Bank Corp accumulated 3,982 shares or 0% of the stock. Cipher Ltd Partnership accumulated 0.11% or 23,799 shares. Intrust State Bank Na holds 14,645 shares or 0.38% of its portfolio. Synovus owns 1,350 shares or 0% of their US portfolio. Lpl Lc last reported 0.01% of its portfolio in the stock. The New York-based Wellington Shields Limited Co has invested 0.09% in Thor Industries, Inc. (NYSE:THO). Moreover, Teacher Retirement System Of Texas has 0% invested in Thor Industries, Inc. (NYSE:THO) for 6,992 shares. Retirement System Of Alabama accumulated 58,900 shares or 0.02% of the stock. Gabelli Funds Limited Liability accumulated 26,000 shares or 0.01% of the stock. State Teachers Retirement last reported 0.01% of its portfolio in the stock. First Allied Advisory Services Inc has 9,600 shares for 0.03% of their US portfolio. State Street Corp accumulated 0.01% or 1.28M shares. Dynamic Management has invested 0.4% of its portfolio in Thor Industries, Inc. (NYSE:THO).
Insider Transactions: Since September 29, 2016, the stock had 0 insider buys, and 1 insider sale for $400,360 net activity. Shares for $400,360 were 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, Wsj.com published: “Thor Industries to Buy Jayco for $576 Million” on July 01, 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 Forbes.com‘s news article titled: “Thor Industries Looks Like A Good Place For Investors To Set Up Camp” with publication date: July 07, 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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