Published On: Fri, Sep 23rd, 2016

Thor Industries Inc. (THO) to Release Quarterly Earnings on Monday

Thor Industries Inc. (NYSE:THO) will be issuing its Q416 quarterly earnings data on Monday, September 26th. Analysts expect the company to announce earnings of $1.33 per share and revenue of $1.27 billion for the quarter.
Thor Industries Inc. (NYSE:THO) opened at 82.04 on Friday. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 17.80 and a beta of 1.17. Thor Industries Inc. has a 1-year low of $47.56 and a 1-year high of $83.62. The company has a 50-day moving average of $79.43 and a 200-day moving average of $69.02.
Large investors have recently bought and sold shares of the company. BlackRock Fund Advisors increased its stake in Thor Industries by 6.4% in the second quarter. BlackRock Fund Advisors now owns 1,632,860 shares of the company’s stock worth $105,711,000 after buying an additional 97,767 shares during the period. Janus Capital Management LLC increased its stake in shares of Thor Industries by 8.8% in the second quarter. Janus Capital Management LLC now owns 1,538,085 shares of the company’s stock valued at $99,575,000 after buying an additional 124,638 shares during the last quarter. State Street Corp increased its stake in shares of Thor Industries by 1.1% in the second quarter. State Street Corp now owns 1,281,146 shares of the company’s stock valued at $82,944,000 after buying an additional 14,383 shares during the last quarter. 12th Street Asset Management Company LLC increased its stake in shares of Thor Industries by 8.9% in the second quarter. 12th Street Asset Management Company LLC now owns 318,862 shares of the company’s stock valued at $20,643,000 after buying an additional 26,019 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in shares of Thor Industries by 6.5% in the second quarter. TIAA CREF Investment Management LLC now owns 304,690 shares of the company’s stock valued at $19,726,000 after buying an additional 18,609 shares during the last quarter. 85.69% of the stock is owned by institutional investors and hedge funds.

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A number of equities analysts have commented on THO shares. Wunderlich boosted their price target on shares of Thor Industries from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, June 7th. BMO Capital Markets lowered shares of Thor Industries from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $72.00 to $67.00 in a research report on Wednesday, June 8th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Thor Industries from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research report on Thursday, June 9th. Wellington Shields upgraded shares of Thor Industries from a “hold” rating to a “gradually accumulate” rating in a research report on Monday, June 27th. Finally, SunTrust Banks Inc. upgraded shares of Thor Industries from a “neutral” rating to a “buy” rating and upped their target price for the stock from $65.00 to $90.00 in a research report on Friday, July 29th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $77.29.
Thor Industries Company Profile
Thor Industries, Inc (Thor), manufactures and sells various recreational vehicles (RV) throughout the United States and Canada, as well as related parts and accessories. The principal types of The Company’s towable recreational vehicles that the Company produces include conventional travel trailers and fifth wheels.

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