Wall Street analysts predict that Thor Industries, Inc. (NYSE:THO) will announce sales of $2.36 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Thor Industries’ earnings. The lowest sales estimate is $2.23 billion and the highest is $2.57 billion. Thor Industries reported sales of $1.87 billion during the same quarter last year, which would suggest a positive year over year growth rate of 26.2%. The business is expected to announce its next earnings results before the market opens on Monday, September 30th.
On average, analysts expect that Thor Industries will report full-year sales of $7.91 billion for the current fiscal year, with estimates ranging from $7.78 billion to $8.12 billion. For the next fiscal year, analysts forecast that the company will post sales of $9.19 billion, with estimates ranging from $8.57 billion to $10.21 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Thor Industries.
A number of equities research analysts have recently commented on the company. Bank of America dropped their price target on Thor Industries from $58.00 to $47.00 and set an “underperform” rating on the stock in a research report on Wednesday, September 4th. Sidoti dropped their price target on Thor Industries from $81.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Wellington Shields lowered Thor Industries from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Northcoast Research assumed coverage on Thor Industries in a research report on Friday, June 14th. They set a “buy” rating and a $67.00 price target on the stock. Finally, Citigroup dropped their price target on Thor Industries from $78.00 to $70.00 in a research report on Monday, June 17th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $71.11.
In other news, Director James L. Ziemer acquired 3,545 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The stock was acquired at an average cost of $57.23 per share, for a total transaction of $202,880.35. Following the completion of the acquisition, the director now owns 15,263 shares in the company, valued at $873,501.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.20% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of THO. Geode Capital Management LLC grew its holdings in shares of Thor Industries by 9.2% during the fourth quarter. Geode Capital Management LLC now owns 544,009 shares of the construction company’s stock worth $28,287,000 after buying an additional 45,673 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in Thor Industries in the first quarter valued at approximately $270,000. BNP Paribas Arbitrage SA grew its stake in Thor Industries by 44.2% in the first quarter. BNP Paribas Arbitrage SA now owns 3,193 shares of the construction company’s stock valued at $199,000 after purchasing an additional 978 shares in the last quarter. SG Americas Securities LLC grew its stake in Thor Industries by 44.0% in the first quarter. SG Americas Securities LLC now owns 7,734 shares of the construction company’s stock valued at $482,000 after purchasing an additional 2,365 shares in the last quarter. Finally, First Republic Investment Management Inc. grew its stake in Thor Industries by 66.7% in the first quarter. First Republic Investment Management Inc. now owns 11,539 shares of the construction company’s stock valued at $720,000 after purchasing an additional 4,615 shares in the last quarter. Institutional investors and hedge funds own 89.63% 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.
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