The stock of Thor Industries, Inc. (NYSE:THO) is a huge mover today! About 1.24 million shares traded hands or 94.79% up from the average. Thor Industries, Inc. (NYSE:THO) has risen 41.05% since April 26, 2016 and is uptrending. It has outperformed by 35.79% the S&P500.
The move comes after 8 months positive chart setup for the $5.36B company. It was reported on Nov, 29 by Barchart.com. We have $111.42 PT which if reached, will make NYSE:THO worth $482.40M more.
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 $64.50M for 20.78 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. $80 is the highest target while $60 is the lowest. The $69 average target is -32.50% below today’s ($102.22) stock price. Thor Industries Inc has been the topic of 11 analyst reports since September 29, 2015 according to StockzIntelligence Inc. On Friday, July 29 the stock rating was upgraded by Suntrust Robinson to “Buy”. The rating was upgraded by BMO Capital Markets on Tuesday, September 29 to “Outperform”. On Wednesday, June 8 the stock rating was downgraded by BMO Capital Markets to “Market Perform”. The stock of Thor Industries, Inc. (NYSE:THO) has “Hold” rating given on Friday, August 19 by Wunderlich. The stock of Thor Industries, Inc. (NYSE:THO) earned “Buy” rating by Citigroup on Thursday, March 24. The firm has “Buy” rating by Great Lakes given on Wednesday, September 28. The rating was maintained by Citigroup on Friday, October 2 with “Buy”. As per Tuesday, September 13, the company rating was upgraded by Northcoast. On Wednesday, December 2 the stock rating was downgraded by Gabelli to “Hold”. Wellington Shields upgraded the shares of THO in a report on Wednesday, September 28 to “Buy” rating.
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.
Schwab Charles Inv Management holds 0.01% of its portfolio in Thor Industries, Inc. (NYSE:THO) for 124,291 shares. Highland Capital Mngmt Ltd Liability Company last reported 13,386 shares in the company. Clark Capital Management Inc has 0.05% invested in the company for 10,924 shares. Comerica Fincl Bank, a Michigan-based fund reported 36,241 shares. Prudential Fincl, a New Jersey-based fund reported 443,057 shares. Commercial Bank Of New York Mellon Corporation accumulated 0.02% or 909,739 shares. Fdx Advsr reported 9,424 shares or 0.03% of all its holdings. Winfield Assoc holds 0% or 20 shares in its portfolio. Insight Mgmt holds 43,342 shares or 0.98% of its portfolio. Millennium Management Limited Liability Company holds 0.03% or 235,241 shares in its portfolio. Virginia Retirement System Et Al last reported 110,300 shares in the company. The California-based Blackrock Fund Advsr has invested 0.02% in Thor Industries, Inc. (NYSE:THO). Oakbrook Invests Ltd Liability Corporation last reported 0.02% of its portfolio in the stock. Cornerstone Capital Mgmt Limited Liability Corp has invested 0% of its portfolio in Thor Industries, Inc. (NYSE:THO). Gw Henssler And Associates last reported 3,305 shares in the company.
Insider Transactions: Since September 29, 2016, the stock had 0 insider buys, and 1 sale for $400,360 net activity. 4,672 Thor Industries, Inc. (NYSE:THO) shares with value of $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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