Thor Industries, Inc. (NYSE:THO) – Equities researchers at Truist Securiti boosted their Q2 2021 earnings per share (EPS) estimates for Thor Industries in a research report issued to clients and investors on Monday, September 28th. Truist Securiti analyst M. Swartz now forecasts that the construction company will post earnings per share of $1.39 for the quarter, up from their previous forecast of $1.35. Truist Securiti also issued estimates for Thor Industries’ Q4 2021 earnings at $2.01 EPS, FY2021 earnings at $6.15 EPS and FY2022 earnings at $7.05 EPS.
Several other equities research analysts have also commented on THO. Zacks Investment Research upgraded Thor Industries from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research report on Tuesday, June 16th. SunTrust Banks increased their target price on Thor Industries from $60.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. Truist decreased their target price on Thor Industries from $125.00 to $120.00 in a research report on Monday, September 14th. Northcoast Research upgraded Thor Industries from a “neutral” rating to a “buy” rating and set a $110.00 target price on the stock in a research report on Friday, September 25th. Finally, BofA Securities upgraded Thor Industries from an “underperform” rating to a “neutral” rating in a research report on Thursday, July 16th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $105.20.
Shares of NYSE:THO opened at $95.26 on Wednesday. Thor Industries has a twelve month low of $32.30 and a twelve month high of $121.33. The company’s 50 day moving average is $98.03 and its 200 day moving average is $86.01. The company has a current ratio of 1.65, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. The company has a market cap of $5.26 billion, a PE ratio of 26.91, a price-to-earnings-growth ratio of 2.65 and a beta of 2.48.
Thor Industries (NYSE:THO) last issued its quarterly earnings results on Friday, October 2nd. The construction company reported $2.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.76. Thor Industries had a net margin of 2.40% and a return on equity of 11.34%. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the company earned $1.67 EPS. Thor Industries’s quarterly revenue was up .5% on a year-over-year basis.
A number of hedge funds have recently made changes to their positions in the business. Capital Asset Advisory Services LLC lifted its holdings in Thor Industries by 7.1% in the 2nd quarter. Capital Asset Advisory Services LLC now owns 5,464 shares of the construction company’s stock valued at $590,000 after purchasing an additional 363 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Thor Industries by 3.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,800 shares of the construction company’s stock worth $1,470,000 after acquiring an additional 400 shares during the last quarter. CWM LLC increased its stake in shares of Thor Industries by 339.0% in the 2nd quarter. CWM LLC now owns 518 shares of the construction company’s stock worth $55,000 after acquiring an additional 400 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Thor Industries by 2.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 15,969 shares of the construction company’s stock worth $1,701,000 after acquiring an additional 400 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in shares of Thor Industries by 7.2% in the 1st quarter. Gamco Investors INC. ET AL now owns 7,400 shares of the construction company’s stock worth $312,000 after acquiring an additional 500 shares during the last quarter. Institutional investors own 95.32% of the company’s stock.
Thor Industries Company Profile
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.
Further Reading: What is a Derivative?
Receive News & Ratings for Thor Industries Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Thor Industries and related companies with MarketBeat.com’s FREE daily email newsletter.