BofA Securities Upgrade Thor Industries Inc. [THO]. What else is Wall St. saying?

Thor Industries Inc. [NYSE: THO] closed the trading session at $99.98 on 08/25/20. The day’s price range saw the stock hit a low of $99.42, while the highest price level was $107.14. The company report on August 20, 2020 that Thor Industries Appoints Chandria Harris as Chief People and Inclusion Consultant.

Thor Industries, Inc. (NYSE: THO) today announced that it has engaged Chandria Harris to serve as Thor’s Chief People and Inclusion Consultant. In June, Thor reconfirmed its commitment to fostering a more inclusive work environment for all of its employees.

In her role, Ms. Harris will be responsible for overseeing the inclusion strategies for Thor Industries Corporate Office reporting directly to Bob Martin, President and CEO, and Ken Julian, SVP Administration and Human Resources.

The stocks have a year to date performance of 34.58 percent and weekly performance of -9.04 percent. The stock has been moved at 23.33 percent over the last six months. The stock has performed -14.65 percent around the most recent 30 days and changed 13.61 percent over the most recent 3-months.

If compared to the average trading volume of 941.62K shares, THO reached to a volume of 1052502 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Thor Industries Inc. [THO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for THO shares is $117.88 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on THO stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for Thor Industries Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 16, 2020. The new note on the price target was released on July 06, 2020, representing the official price target for Thor Industries Inc. stock. Previously, the target price had yet another raise to $60, while Wolfe Research analysts kept a Outperform rating on THO stock.

The Average True Range (ATR) for Thor Industries Inc. is set at 4.80, with the Price to Sales ratio for THO stock in the period of the last 12 months amounting to 0.68. The Price to Book ratio for the last quarter was 2.64, with the Price to Cash per share for the same quarter was set at 11.71. Price to Free Cash Flow for THO in the course of the last twelve months was 13.83 with Quick ratio for the last quarter at 1.00.

THO stock trade performance evaluation

Thor Industries Inc. [THO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.04. With this latest performance, THO shares dropped by -14.65% in over the last four-week period, additionally plugging by 23.33% over the last 6 months – not to mention a rise of 128.79% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for THO stock in for the last two-week period is set at 35.77, with the RSI for the last a single of trading hit 28.76, and the three-weeks RSI is set at 42.18 for Thor Industries Inc. [THO]. The present Moving Average for the last 50 days of trading for this stock 109.92, while it was recorded at 105.98 for the last single week of trading, and 79.80 for the last 200 days.

Thor Industries Inc. [THO]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Thor Industries Inc. [THO] shares currently have an operating margin of +4.59 and a Gross Margin at +11.30. Thor Industries Inc.’s Net Margin is presently recorded at +1.69.

Return on Total Capital for THO is now 12.06, given the latest momentum, and Return on Invested Capital for the company is 4.50. Return on Equity for this stock inclined to 6.63, with Return on Assets sitting at 3.16. When it comes to the capital structure of this company, Thor Industries Inc. [THO] has a Total Debt to Total Equity ratio set at 93.67. Additionally, THO Total Debt to Total Capital is recorded at 48.36, with Total Debt to Total Assets ending up at 34.49. Long-Term Debt to Equity for the company is recorded at 90.70, with the Long-Term Debt to Total Capital now at 46.83.

Reflecting on the efficiency of the workforce at the company, Thor Industries Inc. [THO] managed to generate an average of $6,128 per employee. Receivables Turnover for the company is 13.07 with a Total Asset Turnover recorded at a value of 1.86.Thor Industries Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.60.

Earnings per share (EPS) analysis for Thor Industries Inc. [THO] stock

With the latest financial reports released by the company, Thor Industries Inc. posted 1.7/share EPS, while the average EPS was predicted by analysts to be reported at 1.43/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 18.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for THO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Thor Industries Inc. go to 5.90%.

Thor Industries Inc. [THO]: Insider Ownership positions

There are presently around $5,341 million, or 97.60% of THO stock, in the hands of institutional investors. The top three institutional holders of THO stocks are: CAPITAL RESEARCH GLOBAL INVESTORS with ownership of 6,439,331, which is approximately 9.726% of the company’s market cap and around 1.70% of the total institutional ownership; VANGUARD GROUP INC, holding 4,824,045 shares of the stock with an approximate value of $482.31 million in THO stocks shares; and BLACKROCK INC., currently with $468.99 million in THO stock with ownership of nearly -0.954% of the company’s market capitalization.

Positions in Thor Industries Inc. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 196 institutional holders increased their position in Thor Industries Inc. [NYSE:THO] by around 8,037,746 shares. Additionally, 192 investors decreased positions by around 10,414,944 shares, while 39 investors held positions by with 34,971,794 shares. The mentioned changes placed institutional holdings at 53,424,484 shares, according to the latest SEC report filing. THO stock had 106 new institutional investments in for a total of 2,749,011 shares, while 45 institutional investors sold positions of 1,928,053 shares during the same period.

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