Thor Industries (NYSE:THO) Now Covered by Analysts at DA Davidson

Stock analysts at DA Davidson initiated coverage on shares of Thor Industries (NYSE:THOGet Rating) in a research note issued on Wednesday, The Fly reports. The brokerage set a “neutral” rating and a $78.00 price target on the construction company’s stock. DA Davidson’s target price would indicate a potential downside of 2.49% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Truist Financial downgraded shares of Thor Industries from a “buy” rating to a “hold” rating and decreased their price target for the stock from $125.00 to $100.00 in a research note on Wednesday, March 2nd. BNP Paribas downgraded shares of Thor Industries from a “neutral” rating to an “underperform” rating and set a $65.00 price target for the company. in a research note on Wednesday. StockNews.com assumed coverage on shares of Thor Industries in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Robert W. Baird decreased their price target on shares of Thor Industries from $150.00 to $120.00 in a research note on Thursday, March 10th. Finally, Citigroup initiated coverage on shares of Thor Industries in a research note on Thursday, February 10th. They issued a “neutral” rating and a $100.00 price target for the company. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Thor Industries has an average rating of “Hold” and a consensus price target of $106.50.

NYSE THO opened at $79.99 on Wednesday. The firm has a 50 day simple moving average of $86.75 and a 200-day simple moving average of $99.27. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.80 and a current ratio of 1.68. Thor Industries has a one year low of $76.36 and a one year high of $149.38. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 4.84 and a beta of 1.94.

Thor Industries (NYSE:THOGet Rating) last posted its quarterly earnings data on Wednesday, March 9th. The construction company reported $4.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.39 by $1.40. Thor Industries had a net margin of 6.20% and a return on equity of 30.51%. The business had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.53 billion. During the same quarter last year, the firm posted $2.38 earnings per share. The business’s revenue for the quarter was up 42.1% compared to the same quarter last year. Equities analysts predict that Thor Industries will post 17.97 EPS for the current fiscal year.

Thor Industries declared that its Board of Directors has approved a share repurchase plan on Tuesday, December 21st that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

In other Thor Industries news, Director James L. Ziemer bought 10,000 shares of the business’s stock in a transaction dated Tuesday, April 5th. The shares were acquired at an average cost of $80.53 per share, with a total value of $805,300.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 4.30% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Scout Investments Inc. boosted its position in shares of Thor Industries by 40.8% during the 1st quarter. Scout Investments Inc. now owns 352,403 shares of the construction company’s stock worth $27,734,000 after purchasing an additional 102,125 shares in the last quarter. Mitchell & Pahl Private Wealth LLC boosted its position in shares of Thor Industries by 25.5% during the 1st quarter. Mitchell & Pahl Private Wealth LLC now owns 3,667 shares of the construction company’s stock worth $289,000 after purchasing an additional 744 shares in the last quarter. Matisse Capital purchased a new stake in shares of Thor Industries in the 1st quarter worth about $319,000. Salvus Wealth Management LLC boosted its position in shares of Thor Industries by 6.1% in the 1st quarter. Salvus Wealth Management LLC now owns 31,982 shares of the construction company’s stock worth $2,517,000 after buying an additional 1,831 shares in the last quarter. Finally, ACG Wealth boosted its position in shares of Thor Industries by 5.2% in the 1st quarter. ACG Wealth now owns 12,923 shares of the construction company’s stock worth $1,017,000 after buying an additional 635 shares in the last quarter. 89.61% of the stock is currently owned by institutional investors.

Thor Industries Company Profile (Get Rating)

Thor Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.

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