Wall Street Zen Downgrades Thor Industries (NYSE:THO) to Sell

Thor Industries (NYSE:THO) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday, Wall Street Zen reports.

A number of other equities analysts have also weighed in on THO. Argus upgraded shares of Thor Industries to a “hold” rating in a research report on Friday, June 12th. Truist Financial reduced their price target on shares of Thor Industries from $109.00 to $80.00 and set a “hold” rating on the stock in a report on Wednesday, July 8th. Benchmark reiterated a “hold” rating on shares of Thor Industries in a research note on Friday, June 12th. Roth Capital set a $78.00 price target on shares of Thor Industries in a research note on Thursday, June 4th. Finally, Loop Capital increased their price objective on shares of Thor Industries from $90.00 to $96.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Three analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $90.33.

Thor Industries Trading Up 0.1%

THO stock opened at $67.81 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.71 and a quick ratio of 0.80. Thor Industries has a 1-year low of $67.31 and a 1-year high of $122.83. The business has a 50 day simple moving average of $76.25 and a two-hundred day simple moving average of $77.43. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 29.36, a PEG ratio of 1.49 and a beta of 1.34.

Hedge Funds Weigh In On Thor Industries

Several large investors have recently modified their holdings of THO. Kingsview Wealth Management LLC boosted its stake in Thor Industries by 955.2% during the fourth quarter. Kingsview Wealth Management LLC now owns 28,057 shares of the RV manufacturer’s stock worth $2,881,000 after buying an additional 25,398 shares during the period. Edgestream Partners L.P. increased its position in Thor Industries by 133.0% during the first quarter. Edgestream Partners L.P. now owns 26,816 shares of the RV manufacturer’s stock valued at $2,142,000 after acquiring an additional 15,309 shares during the last quarter. Capital Research Global Investors raised its stake in shares of Thor Industries by 3.2% in the fourth quarter. Capital Research Global Investors now owns 1,581,876 shares of the RV manufacturer’s stock valued at $162,411,000 after acquiring an additional 48,466 shares during the period. Callan Family Office LLC purchased a new stake in shares of Thor Industries in the second quarter valued at $1,054,000. Finally, Shayne & Jacobs LLC raised its stake in shares of Thor Industries by 63.2% in the second quarter. Shayne & Jacobs LLC now owns 35,491 shares of the RV manufacturer’s stock valued at $2,668,000 after acquiring an additional 13,740 shares during the period. Institutional investors own 96.71% of the company’s stock.

About Thor Industries

Thor Industries, Inc is a manufacturer of recreational vehicles (RVs) and related products. The company produces towable RVs, including travel trailers and fifth-wheel trailers, as well as motorized RVs such as Class A, Class B and Class C motorhomes. Its portfolio includes well-known brands such as Airstream, Jayco, Entegra Coach, Keystone, Dutchmen, Tiffin and CrossRoads.

Thor also owns Erwin Hymer Group, a major European recreational-vehicle manufacturer whose brands include HYMER, Dethleffs, Bürstner, LMC, Carado and Sunlight.