The stock of Thor Industries, Inc. (NYSE:THO) reached all time high today, Nov, 29 and still has $108.46 target or 6.00% above today’s $102.32 share price. This indicates more upside for the $5.37B company. This technical setup was reported by Barchart.com. If the $108.46 PT is reached, the company will be worth $322.20 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 1.05 million shares traded hands or 64.94% up from the average. Thor Industries, Inc. (NYSE:THO) has risen 41.05% since April 26, 2016 and is uptrending. It has outperformed by 35.79% the S&P500.
Analysts await Thor Industries, Inc. (NYSE:THO) to report earnings on December, 5. They expect $1.23 EPS, up 26.80% or $0.26 from last year’s $0.97 per share. THO’s profit will be $64.48 million for 20.78 P/E if the $1.23 EPS becomes a reality. After $1.57 actual EPS 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. $80 is the highest target while $60 is the lowest. The $69 average target is -32.56% below today’s ($102.32) stock price. Thor Industries Inc has been the topic of 11 analyst reports since September 29, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Great Lakes on Wednesday, September 28. The firm has “Buy” rating by Wellington Shields given on Wednesday, September 28. Citigroup maintained the shares of THO in a report on Friday, October 2 with “Buy” rating. The stock of Thor Industries, Inc. (NYSE:THO) earned “Hold” rating by Wunderlich on Friday, August 19. The firm has “Buy” rating given on Tuesday, September 13 by Northcoast. The stock has “Outperform” rating given by BMO Capital Markets on Tuesday, September 29. The stock has “Buy” rating given by Citigroup on Thursday, March 24. As per Wednesday, December 2, the company rating was downgraded by Gabelli. The firm has “Buy” rating by Suntrust Robinson given on Friday, July 29. As per Wednesday, June 8, the company rating was downgraded by BMO Capital Markets.
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 worsened, 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.
Voya Invest Mngmt Limited Liability Corporation last reported 0.01% of its portfolio in the stock. Motley Fool Asset Ltd Liability has 1.62% invested in the company for 115,000 shares. Landscape Management Lc holds 0.41% or 47,680 shares in its portfolio. Euclidean Tech Mgmt Lc last reported 35,533 shares in the company. Dreman Value Management L L C has 0.01% invested in the company for 155 shares. Cim Limited Liability holds 7,540 shares or 0.24% of its portfolio. Cubist Systematic Strategies Ltd Com, a Connecticut-based fund reported 14,350 shares. Shellback Cap Lp reported 75,000 shares or 0.62% of all its holdings. 1St Source State Bank last reported 0.13% of its portfolio in the stock. Employees Retirement Sys Of Texas has 0.05% invested in the company for 51,500 shares. Delphi Mgmt Ma has 41,333 shares for 1.72% of their US portfolio. Camarda Fin Advsrs Limited Liability Corp accumulated 0.02% or 372 shares. Genesee Valley Tru accumulated 4,142 shares or 0.17% of the stock. Airain holds 19,673 shares or 0.07% of its portfolio. Moreover, Gardner Lewis Asset Limited Partnership has 0.05% invested in Thor Industries, Inc. (NYSE:THO) for 7,880 shares.
Insider Transactions: Since September 29, 2016, the stock had 0 insider purchases, and 1 sale for $400,360 net activity. ORTHWEIN PETER BUSCH sold $400,360 worth of stock.
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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