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

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

Several other research analysts have also commented on the company. Benchmark reissued a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. Truist Financial boosted their price target on THOR Industries from $98.00 to $110.00 and gave the stock a “hold” rating in a research report on Monday, February 10th. Finally, Bank of America started coverage on THOR Industries in a research report on Friday, December 13th. They issued a “neutral” rating and a $120.00 price target for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $113.17.

THOR Industries Price Performance

Shares of THO stock opened at $104.31 on Wednesday. THOR Industries has a twelve month low of $88.37 and a twelve month high of $129.31. The stock has a market capitalization of $5.55 billion, a price-to-earnings ratio of 26.68, a P/E/G ratio of 1.17 and a beta of 1.69. The stock has a fifty day simple moving average of $99.88 and a two-hundred day simple moving average of $104.20. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its position in THOR Industries by 37.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock valued at $165,078,000 after buying an additional 411,466 shares in the last quarter. Natixis Advisors LLC increased its position in THOR Industries by 51.3% during the 3rd quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock valued at $55,486,000 after buying an additional 171,244 shares in the last quarter. State Street Corp increased its holdings in shares of THOR Industries by 2.1% in the third quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock valued at $178,462,000 after purchasing an additional 33,619 shares during the period. Radnor Capital Management LLC acquired a new position in shares of THOR Industries in the third quarter valued at about $631,000. Finally, Consolidated Planning Corp acquired a new position in shares of THOR Industries in the third quarter valued at about $620,000. 96.71% of the stock is owned by institutional investors and hedge funds.

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.