- Thor Industries Trading Up 5.1 %
- Insiders Place Their Bets
- Institutional Investors Weigh In On Thor Industries
- Thor Industries Company Profile
- Recommended Stories
Thor Industries, Inc. (NYSE:THO – Get Rating) – Investment analysts at Jefferies Financial Group issued their Q1 2024 EPS estimates for shares of Thor Industries in a report released on Thursday, September 29th. Jefferies Financial Group analyst B. Jordan forecasts that the construction company will post earnings of $1.72 per share for the quarter. The consensus estimate for Thor Industries’ current full-year earnings is $9.14 per share. Jefferies Financial Group also issued estimates for Thor Industries’ Q2 2024 earnings at $1.75 EPS, Q3 2024 earnings at $2.54 EPS and Q4 2024 earnings at $2.00 EPS.
Other research analysts have also recently issued reports about the stock. MKM Partners reduced their price target on shares of Thor Industries to $69.00 in a research report on Friday, September 30th. Truist Financial reduced their price target on Thor Industries from $75.00 to $70.00 and set a “hold” rating for the company in a report on Friday, September 23rd. Argus downgraded Thor Industries from a “buy” rating to a “hold” rating in a report on Monday. StockNews.com downgraded Thor Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th. Finally, Robert W. Baird lowered their price objective on Thor Industries from $120.00 to $100.00 and set an “outperform” rating on the stock in a research report on Thursday, June 9th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, Thor Industries currently has an average rating of “Hold” and a consensus price target of $76.25.
Thor Industries Trading Up 5.1 %
Shares of THO opened at $73.25 on Monday. The business’s 50-day moving average price is $81.21 and its 200-day moving average price is $79.68. Thor Industries has a twelve month low of $66.26 and a twelve month high of $126.59. The stock has a market cap of $3.93 billion, a PE ratio of 3.56 and a beta of 1.67. The company has a quick ratio of 0.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.49.
Thor Industries (NYSE:THO – Get Rating) last issued its quarterly earnings results on Wednesday, September 28th. The construction company reported $5.15 earnings per share for the quarter, topping analysts’ consensus estimates of $3.89 by $1.26. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.70 billion. Thor Industries had a net margin of 6.97% and a return on equity of 33.89%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $4.12 EPS.
Insiders Place Their Bets
In related news, COO W. Todd Woelfer acquired 1,225 shares of the firm’s stock in a transaction that occurred on Tuesday, July 12th. The stock was purchased at an average cost of $81.55 per share, for a total transaction of $99,898.75. Following the purchase, the chief operating officer now directly owns 70,325 shares of the company’s stock, valued at approximately $5,735,003.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.30% of the company’s stock.
Institutional Investors Weigh In On Thor Industries
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in THO. Federated Hermes Inc. increased its holdings in shares of Thor Industries by 35.3% in the second quarter. Federated Hermes Inc. now owns 9,939 shares of the construction company’s stock valued at $743,000 after purchasing an additional 2,592 shares during the period. Hussman Strategic Advisors Inc. boosted its position in Thor Industries by 39.1% during the second quarter. Hussman Strategic Advisors Inc. now owns 21,700 shares of the construction company’s stock worth $1,622,000 after purchasing an additional 6,100 shares in the last quarter. Royal London Asset Management Ltd. boosted its position in Thor Industries by 151.5% during the second quarter. Royal London Asset Management Ltd. now owns 1,490,339 shares of the construction company’s stock worth $111,500,000 after purchasing an additional 897,730 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Thor Industries by 27.5% in the second quarter. Legal & General Group Plc now owns 122,595 shares of the construction company’s stock valued at $9,161,000 after acquiring an additional 26,421 shares in the last quarter. Finally, ExodusPoint Capital Management LP purchased a new position in shares of Thor Industries in the second quarter valued at approximately $4,529,000. 98.63% of the stock is currently owned by hedge funds and other institutional investors.