Thor Industries, Inc. (THO) Upgraded at Zacks Investment Research

Thor Industries, Inc. (NYSE:THO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, May 10th. The brokerage presently has a $103.00 target price on the construction company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 10.41% from the company’s previous close.

According to Zacks, “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. “

THO has been the topic of several other reports. Robert W. Baird raised shares of Thor Industries from a “neutral” rating to an “outperform” rating and set a $120.00 price objective on the stock in a research report on Wednesday, February 8th. Wunderlich boosted their price target on shares of Thor Industries from $80.00 to $94.00 and gave the stock a “buy” rating in a research report on Tuesday, March 7th. SunTrust Banks, Inc. set a $125.00 price target on shares of Thor Industries and gave the stock a “buy” rating in a research report on Thursday, April 20th. Finally, Citigroup Inc restated a “buy” rating and set a $111.00 price objective (down from $117.00) on shares of Thor Industries in a research note on Saturday, April 22nd. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $106.74.

Analyst Recommendations for Thor Industries (NYSE:THO)

Thor Industries (NYSE:THO) last announced its quarterly earnings results on Monday, March 6th. The construction company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.01. Thor Industries had a net margin of 5.41% and a return on equity of 23.74%. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the business earned $0.97 EPS. The firm’s revenue was up 62.9% on a year-over-year basis.

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A number of institutional investors have recently modified their holdings of THO. Texas Permanent School Fund increased its position in Thor Industries by 4.2% in the third quarter. Texas Permanent School Fund now owns 36,383 shares of the construction company’s stock valued at $3,082,000 after buying an additional 1,471 shares during the last quarter. Capital Fund Management S.A. boosted its stake in Thor Industries by 99.7% in the third quarter. Capital Fund Management S.A. now owns 33,346 shares of the construction company’s stock valued at $2,824,000 after buying an additional 16,646 shares during the period. Peregrine Capital Management LLC purchased a new stake in Thor Industries during the third quarter valued at $13,473,000. Eagle Ridge Investment Management purchased a new stake in Thor Industries during the third quarter valued at $5,959,000. Finally, Wells Fargo & Company MN boosted its stake in Thor Industries by 323.1% in the third quarter. Wells Fargo & Company MN now owns 2,040,377 shares of the construction company’s stock valued at $172,820,000 after buying an additional 1,558,181 shares during the period. 87.58% of the stock is owned by institutional investors and hedge funds.

About Thor Industries

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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