Thor Industries (THO) was Downgraded by Wunderlich to ” Hold” and the brokerage firm has set the Price Target at $80. Earlier the firm had a rating of “Buy ” on the company shares. Wunderlich advised their investors in a research report released on Aug 19, 2016.
Many Wall Street Analysts have commented on Thor Industries. Thor Industries was Upgraded by SunTrust to ” Buy” on Jul 29, 2016. Company shares were Reiterated by Wunderlich on Jun 7, 2016 to “Buy”, Firm has raised the Price Target to $ 80 from a previous price target of $70 .
On the company’s financial health, Thor Industries reported $1.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jun 6, 2016. Analyst had a consensus of $1.43. The company had revenue of $1284.00 million for the quarter, compared to analysts expectations of $1292.80 million. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 EPS.
Thor Industries opened for trading at $77.7 and hit $77.88 on the upside on Wednesday, eventually ending the session at $77.84, with a gain of 0.34% or 0.26 points. The heightened volatility saw the trading volume jump to 3,09,708 shares. Company has a market cap of $4,085 M.
In a different news, on Dec 2, 2015, Peter Busch Orthwein (Exec. Chairman of the Board) sold 8,625 shares at $58.01 per share price.
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. In addition it also produces truck and folding campers and equestrian and other specialty towable recreational vehicles as well as Class A Class C and Class B motorhomes. The Company operates through two segments: towable recreational vehicles and motorized recreational vehicles. The Company through its operating subsidiaries manufactures recreational vehicles in North America. The subsidiaries are Airstream Inc. CrossRoads RV Thor Motor Coach Inc. Keystone RV Company Heartland Recreational Vehicles LLC Livin’ Lite RV Inc. Bison Coach K.Z. Inc. and Postle Operating LLC.