THOR Industries (NYSE:THO) Stock Rating Upgraded by StockNews.com

THOR Industries (NYSE:THO) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

A number of other research firms have also weighed in on THO. BMO Capital Markets reiterated an “outperform” rating and issued a $120.00 price objective on shares of THOR Industries in a research note on Thursday, September 19th. Truist Financial boosted their price objective on THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a research note on Friday, September 20th. DA Davidson restated a “neutral” rating and issued a $95.00 target price on shares of THOR Industries in a research note on Monday, September 30th. Benchmark reiterated a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. Finally, Bank of America began coverage on shares of THOR Industries in a research report on Friday, December 13th. They issued a “neutral” rating and a $120.00 price objective for the company. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $112.33.

THOR Industries Stock Performance

NYSE THO opened at $96.85 on Wednesday. The company has a 50-day simple moving average of $106.58 and a 200 day simple moving average of $103.09. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. THOR Industries has a 52-week low of $88.37 and a 52-week high of $129.31. The company has a market capitalization of $5.15 billion, a PE ratio of 24.77 and a beta of 1.67.

THOR Industries (NYSE:THO) last issued its earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.33. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same quarter last year, the business earned $1.68 earnings per share. The company’s quarterly revenue was down 7.4% on a year-over-year basis. On average, research analysts predict that THOR Industries will post 4.67 EPS for the current year.

Insiders Place Their Bets

In other news, VP Colleen A. Zuhl sold 4,354 shares of THOR Industries stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total transaction of $500,710.00. Following the completion of the sale, the vice president now directly owns 131,905 shares of the company’s stock, valued at approximately $15,169,075. The trade was a 3.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On THOR Industries

Large investors have recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of THOR Industries by 0.4% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,356,769 shares of the construction company’s stock valued at $500,590,000 after purchasing an additional 21,841 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in THOR Industries by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock worth $271,097,000 after buying an additional 187,019 shares in the last quarter. State Street Corp grew its position in THOR Industries by 2.1% during the third quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock valued at $178,462,000 after acquiring an additional 33,619 shares during the last quarter. ACR Alpine Capital Research LLC raised its stake in shares of THOR Industries by 4.3% during the second quarter. ACR Alpine Capital Research LLC now owns 1,524,303 shares of the construction company’s stock worth $142,446,000 after acquiring an additional 62,716 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of THOR Industries by 37.7% during the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock worth $165,078,000 after acquiring an additional 411,466 shares in the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Company Profile

THOR Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.