Thor Industries (NYSE:THO) Stock Rating Reaffirmed by SunTrust Banks
Thor Industries (NYSE:THO)‘s stock had its “buy” rating reaffirmed by SunTrust Banks in a report released on Tuesday, The Fly reports. They presently have a $76.00 price objective on the construction company’s stock. SunTrust Banks’ price objective indicates a potential upside of 11.68% from the stock’s previous close. SunTrust Banks also issued estimates for Thor Industries’ Q4 2020 earnings at $2.00 EPS, Q1 2021 earnings at $1.02 EPS, Q2 2021 earnings at $0.69 EPS, Q3 2021 earnings at $2.36 EPS and Q4 2021 earnings at $2.28 EPS.
A number of other brokerages also recently issued reports on THO. ValuEngine downgraded Thor Industries from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Sidoti upped their price objective on Thor Industries from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research report on Thursday, December 5th. Robert W. Baird reiterated a “reduce” rating and issued a $65.00 target price (up previously from $60.00) on shares of Thor Industries in a research note on Tuesday, October 1st. Finally, CL King downgraded shares of Thor Industries from a “buy” rating to a “neutral” rating in a report on Monday, September 9th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $66.89.
Shares of THO opened at $68.05 on Tuesday. The company has a 50 day moving average price of $65.34 and a 200-day moving average price of $56.59. Thor Industries has a fifty-two week low of $42.05 and a fifty-two week high of $71.66. The stock has a market capitalization of $3.74 billion, a PE ratio of 13.14, a PEG ratio of 1.07 and a beta of 1.94. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.84 and a current ratio of 1.41.
In other news, insider Robert W. Martin bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were purchased at an average price of $58.82 per share, for a total transaction of $588,200.00. Following the completion of the transaction, the insider now directly owns 220,175 shares in the company, valued at $12,950,693.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 4.00% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Millennium Management LLC grew its stake in Thor Industries by 296.3% in the 3rd quarter. Millennium Management LLC now owns 634,435 shares of the construction company’s stock valued at $35,934,000 after acquiring an additional 474,335 shares during the period. Renaissance Technologies LLC increased its position in Thor Industries by 146.6% during the 2nd quarter. Renaissance Technologies LLC now owns 412,500 shares of the construction company’s stock worth $24,111,000 after purchasing an additional 245,200 shares during the period. Waratah Capital Advisors Ltd. acquired a new position in Thor Industries during the 3rd quarter worth approximately $13,411,000. BlackRock Inc. raised its stake in shares of Thor Industries by 4.5% during the 2nd quarter. BlackRock Inc. now owns 4,842,450 shares of the construction company’s stock worth $283,039,000 after buying an additional 209,739 shares in the last quarter. Finally, Ardevora Asset Management LLP boosted its position in shares of Thor Industries by 31.8% during the 2nd quarter. Ardevora Asset Management LLP now owns 712,800 shares of the construction company’s stock worth $41,663,000 after purchasing an additional 171,800 shares in the last quarter. 95.05% of the stock is owned by hedge funds and other institutional investors.
About Thor Industries
Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories primarily in the United States and Canada. It operates in two segments, Towable Recreational Vehicles and Motorized Recreational Vehicles. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, Basecamp, and Nest travel trade names, as well as Interstate series of Class B motorhomes; and gasoline and diesel Class A and Class C motorhomes under the Four Winds, Freedom Elite, Majestic, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, and A.C.E trade names.
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