Thor Industries Inc. (NYSE:THO) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The stock moved up after the company announced the acquisition of Jayco, Corp. for approximately $576 million in cash. This led to solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $60.66 to $68.55 over the past one month time frame.
This building-mobile/MFG&RV industry stock witnessed one positive estimate revision and one negative estimate revision over the past 30 days. The Zacks Consensus Estimate however moved up over the same time frame, suggesting that more solid trading could be ahead for Thor Industries. So make sure to keep an eye on this stock going forward to see if Friday’s jump can turn into more strength down the road.
Thor Industries has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
However, a better-ranked stock in the same space is Winnebago Industries, Inc. (NYSE:WGO) , carrying a Zacks Rank #2 (Buy).
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THOR INDS INC (THO): Free Stock Analysis Report
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Zacks Investment Research