The stock of Thor Industries, Inc. (NYSE:THO) hit a new 52-week high and has $91.88 target or 3.00% above today’s $89.20 share price. The 7 months bullish chart indicates low risk for the $4.77 billion company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $91.88 price target is reached, the company will be worth $143.10 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 405,262 shares traded hands. Thor Industries, Inc. (NYSE:THO) has risen 40.90% since April 21, 2016 and is uptrending. It has outperformed by 35.57% the S&P500.
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 $65.77M for 18.13 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. Thor Industries Inc has been the topic of 11 analyst reports since September 29, 2015 according to StockzIntelligence Inc. Northcoast upgraded the stock to “Buy” rating in Tuesday, September 13 report. The rating was upgraded by Suntrust Robinson on Friday, July 29 to “Buy”. The firm has “Market Perform” rating by BMO Capital Markets given on Wednesday, June 8. Citigroup maintained it with “Buy” rating and $60 target price in Thursday, March 24 report. The rating was upgraded by BMO Capital Markets on Tuesday, September 29 to “Outperform”. The firm has “Hold” rating given on Friday, August 19 by Wunderlich. The firm has “Hold” rating given on Wednesday, December 2 by Gabelli. On Wednesday, September 28 the stock rating was upgraded by Great Lakes to “Buy”. The firm earned “Buy” rating on Wednesday, September 28 by Wellington Shields. On Tuesday, June 7 the stock rating was maintained by Wunderlich with “Buy”.
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 dropped, 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.
Icon Advisers reported 60,621 shares or 0.27% of all its holdings. Blackrock Inc accumulated 0% or 24,346 shares. Voloridge Inv Mgmt Ltd Liability Corporation accumulated 0.03% or 16,361 shares. Raymond James Trust Na holds 3,254 shares or 0.02% of its portfolio. Walleye Trading Ltd Limited Liability Company accumulated 0% or 313 shares. Allianz Asset Mgmt Ag has 705,956 shares for 0.02% of their US portfolio. Hgk Asset Mngmt Inc holds 13,928 shares or 0.13% of its portfolio. First Mercantile Co has invested 0.01% of its portfolio in Thor Industries, Inc. (NYSE:THO). Commonwealth Of Pennsylvania School Empls Retrmt last reported 8,788 shares in the company. Secor Capital Limited Partnership last reported 91,641 shares in the company. The New York-based M&T Comml Bank Corp has invested 0% in Thor Industries, Inc. (NYSE:THO). Springbok Management Ltd last reported 3,900 shares in the company. Manufacturers Life The has 0.01% invested in the company for 61,842 shares. Highland Cap Mngmt owns 13,386 shares or 0.07% of their US portfolio. Timucuan Asset Mngmt Fl last reported 0.02% of its portfolio in the stock.
Insider Transactions: Since September 29, 2016, the stock had 0 buys, and 1 sale for $400,360 net activity. 4,672 shares with value of $400,360 were sold by ORTHWEIN PETER BUSCH on Thursday, September 29.
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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