BMO Capital Markets Cuts Thor Industries (NYSE:THO) Price Target to $95.00

Thor Industries (NYSE:THO) had its target price cut by BMO Capital Markets from $110.00 to $95.00 in a research note released on Tuesday morning, Marketbeat.com reports. They currently have an outperform rating on the RV manufacturer’s stock.

Several other research firms also recently commented on THO. Weiss Ratings downgraded Thor Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Loop Capital raised their price target on Thor Industries from $90.00 to $96.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Argus raised Thor Industries to a “hold” rating in a research report on Friday, June 12th. Zacks Research upgraded shares of Thor Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, August 24th. Finally, Bank of America cut their price objective on shares of Thor Industries from $120.00 to $96.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $90.33.

Thor Industries Stock Performance

Thor Industries stock opened at $68.75 on Tuesday. Thor Industries has a twelve month low of $68.60 and a twelve month high of $122.83. The company has a quick ratio of 0.80, a current ratio of 1.71 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $3.58 billion, a P/E ratio of 29.76, a PEG ratio of 1.53 and a beta of 1.34. The stock’s 50 day moving average is $76.34 and its 200 day moving average is $77.63.

Institutional Trading of Thor Industries

A number of institutional investors have recently made changes to their positions in THO. ACR Alpine Capital Research LLC raised its holdings in shares of Thor Industries by 18.6% during the first quarter. ACR Alpine Capital Research LLC now owns 4,903,124 shares of the RV manufacturer’s stock valued at $391,711,000 after purchasing an additional 769,342 shares during the last quarter. BlackRock Inc. purchased a new stake in Thor Industries in the second quarter worth approximately $363,258,000. Life Cycle Investment Partners Ltd purchased a new stake in Thor Industries in the fourth quarter worth approximately $255,482,000. Dimensional Fund Advisors LP grew its position in Thor Industries by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,146,574 shares of the RV manufacturer’s stock worth $251,375,000 after purchasing an additional 96,080 shares during the period. Finally, Capital Research Global Investors grew its position in Thor Industries by 3.2% in the 4th quarter. Capital Research Global Investors now owns 1,581,876 shares of the RV manufacturer’s stock worth $162,411,000 after purchasing an additional 48,466 shares during the period. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Thor Industries Company Profile

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.