Stocks of Thor Industries, Inc. (NYSE:THO) traded higher last session on Wall Street, up 2.36% to $117.34.
THO stock price is now 2.19% away from the 50-day moving average and 11.13% away from the 200-day moving average. The market capitalization of the company currently stands at $6.26B.
With the price target enhanced from $111 to $122, Citigroup Upgraded its rating from Neutral to Buy for Thor Industries, Inc. (NYSE: THO). , while ‘DA Davidson’ rates the stock as ‘Neutral’
In other news, WOELFER W. TODD, SVP, CHIEF OPERATING OFFICER sold 3,333 shares of the company’s stock on Jan 23 ’24. The stock was sold for $391,628 at an average price of $117.50. Upon completion of the transaction, the SVP, CHIEF OPERATING OFFICER now directly owns 95,014 shares in the company, valued at $11.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 22 ’24, SVP, CHIEF OPERATING OFFICER WOELFER W. TODD sold 3,333 shares of the business’s stock. A total of $383,295 was realized by selling the stock at an average price of $115.00. This leaves the insider owning 98,347 shares of the company worth $11.54 million. A total of 4.83% of the company’s stock is owned by insiders.
During the past 12 months, Thor Industries, Inc. has had a low of $74.50 and a high of $129.31. As of last week, the company has a debt-to-equity ratio of 0.39, a current ratio of 1.75, and a quick ratio of 0.65. According to the stock market information, the enterprise value for the company is $7.18B, which is based on a 23.24 price-to-earnings ratio, a 3.94 price-to-earnings-growth ratio, and a beta of 1.77. The fifty day moving average price for THO is $114.83 and a two-hundred day moving average price translates $105.59 for the stock.
The latest earnings results from Thor Industries, Inc. (NYSE: THO) was released for Jan, 2024. According to the Recreational Vehicles Company, earnings per share came in at $0.13, missing analysts’ expectations of $0.67 by -0.54. This compares to $0.48 EPS in the same period last year. The net profit margin was 2.62% and return on equity was 7.04% for THO. The company reported revenue of $2.21 billion for the quarter, compared to $2.35 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.93 percent. For the current quarter, analysts expect THO to generate $2.72B in revenue.
