THOR Industries (NYSE:THO) Lowered to “Sell” Rating by StockNews.com

THOR Industries (NYSE:THO) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

THO has been the topic of several other research reports. DA Davidson reiterated a “neutral” rating and set a $95.00 price target on shares of THOR Industries in a research note on Monday, September 30th. Benchmark restated a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. Citigroup lifted their target price on shares of THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Truist Financial lifted their target price on shares of THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Finally, BMO Capital Markets restated an “outperform” rating and set a $120.00 target price on shares of THOR Industries in a research note on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $110.80.

THOR Industries Trading Up 2.3 %

Shares of THOR Industries stock opened at $106.42 on Friday. The company’s fifty day simple moving average is $109.10 and its 200-day simple moving average is $102.74. The stock has a market capitalization of $5.66 billion, a PE ratio of 27.22 and a beta of 1.67. THOR Industries has a 1-year low of $88.37 and a 1-year high of $129.31. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.82.

THOR Industries (NYSE:THO) last issued its quarterly earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.33. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.47 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The company’s revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.68 EPS. As a group, equities analysts anticipate that THOR Industries will post 4.82 earnings per share for the current year.

Insiders Place Their Bets

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total value of $500,710.00. Following the sale, the vice president now owns 131,905 shares in the company, valued at $15,169,075. The trade was a 3.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.50% of the company’s stock.

Institutional Trading of THOR Industries

Several hedge funds have recently bought and sold shares of THO. Tortoise Investment Management LLC lifted its stake in THOR Industries by 77.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock worth $27,000 after purchasing an additional 124 shares in the last quarter. Quarry LP bought a new stake in shares of THOR Industries in the 2nd quarter worth about $28,000. UMB Bank n.a. increased its holdings in shares of THOR Industries by 2,050.0% in the 3rd quarter. UMB Bank n.a. now owns 258 shares of the construction company’s stock worth $28,000 after buying an additional 246 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of THOR Industries by 548.1% in the 2nd quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock worth $31,000 after buying an additional 285 shares during the last quarter. Finally, Van ECK Associates Corp bought a new stake in shares of THOR Industries in the 3rd quarter worth about $32,000. 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.