Monetary Management Group Inc. acquired a new stake in shares of Thor Industries, Inc. (NYSE:THO) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 2,825 shares of the company’s stock, valued at approximately $283,000.
Other large investors have also recently added to or reduced their stakes in the company. Sandy Spring Bank increased its stake in Thor Industries by 14.2% in the third quarter. Sandy Spring Bank now owns 1,525 shares of the company’s stock valued at $129,000 after buying an additional 190 shares during the period. Parametrica Management Ltd purchased a new stake in Thor Industries during the third quarter valued at $212,000. Stephens Inc. AR purchased a new stake in Thor Industries during the third quarter valued at $226,000. Palouse Capital Management Inc. purchased a new stake in Thor Industries during the third quarter valued at $238,000. Finally, BancorpSouth Inc purchased a new stake in Thor Industries during the third quarter valued at $256,000. 87.58% of the stock is currently owned by institutional investors.
Shares of Thor Industries, Inc. (NYSE:THO) traded up 0.85% during mid-day trading on Tuesday, reaching $109.78. The company had a trading volume of 372,030 shares. The company has a market capitalization of $5.77 billion, a P/E ratio of 20.31 and a beta of 1.25. The firm has a 50-day moving average of $103.43 and a 200-day moving average of $89.86. Thor Industries, Inc. has a 12-month low of $51.49 and a 12-month high of $111.40.
Thor Industries (NYSE:THO) last announced its quarterly earnings data on Monday, November 28th. The company reported $1.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.26. Thor Industries had a return on equity of 23.74% and a net margin of 5.41%. The firm had revenue of $1.71 billion for the quarter. During the same period last year, the business posted $0.97 earnings per share. The firm’s quarterly revenue was up 65.8% compared to the same quarter last year. On average, equities analysts anticipate that Thor Industries, Inc. will post $6.39 earnings per share for the current fiscal year.
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Several research firms recently weighed in on THO. Argus raised their price objective on Thor Industries to $115.00 and gave the company a “buy” rating in a report on Friday, January 6th. BMO Capital Markets lifted their target price on Thor Industries from $80.00 to $102.00 and gave the stock a “market perform” rating in a report on Tuesday, November 29th. Robert W. Baird raised Thor Industries from a “neutral” rating to an “outperform” rating and set a $120.00 target price on the stock in a report on Wednesday, February 8th. Finally, Vetr raised Thor Industries from a “buy” rating to a “strong-buy” rating and set a $93.65 target price on the stock in a report on Thursday, October 20th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $94.85.
In other news, Director Alan Siegel sold 2,236 shares of the firm’s stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $100.41, for a total transaction of $224,516.76. Following the transaction, the director now directly owns 6,988 shares of the company’s stock, valued at $701,665.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 6.60% of the stock is currently owned by company insiders.
Thor Industries Company Profile
Thor Industries, Inc manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. The Company’s segments include towable recreational vehicles, which consists of the operations 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.
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