Thor Industries, Inc. (NYSE:THO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Saturday.

According to Zacks, “Thor Industries manufactures a wide range of recreational vehicles (RVs) at various manufacturing facilities located in Indiana and Ohio and sold through independent dealers in the U.S. and Canada. “

THO has been the subject of several other reports. BMO Capital Markets reissued a “hold” rating on shares of Thor Industries in a research report on Friday. Sidoti began coverage on Thor Industries in a research report on Friday, August 11th. They issued a “buy” rating and a $133.00 price target for the company. Off Wall Street began coverage on Thor Industries in a research report on Thursday, June 29th. They issued a “sell” rating and a $75.00 price target for the company. Stifel Nicolaus began coverage on Thor Industries in a research report on Thursday, July 6th. They issued a “hold” rating and a $110.00 price target for the company. Finally, BidaskClub lowered Thor Industries from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $109.39.

Thor Industries (NYSE:THO) opened at 109.01 on Friday. Thor Industries has a 12-month low of $74.00 and a 12-month high of $115.74. The company has a market cap of $5.73 billion, a P/E ratio of 17.01 and a beta of 1.38. The firm has a 50-day moving average price of $105.15 and a 200-day moving average price of $101.07.

Thor Industries (NYSE:THO) last issued its earnings results on Monday, June 5th. The construction company reported $2.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.24. Thor Industries had a return on equity of 24.83% and a net margin of 5.11%. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the prior year, the business earned $1.51 EPS. The business’s revenue for the quarter was up 56.9% compared to the same quarter last year. On average, equities research analysts forecast that Thor Industries will post $6.78 earnings per share for the current fiscal year.

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In related news, Director Alan Siegel sold 1,000 shares of the company’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $103.19, for a total transaction of $103,190.00. Following the transaction, the director now directly owns 5,988 shares of the company’s stock, valued at approximately $617,901.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.60% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in Thor Industries by 8.7% during the 2nd quarter. BlackRock Inc. now owns 4,122,123 shares of the construction company’s stock valued at $430,843,000 after buying an additional 329,996 shares in the last quarter. Vanguard Group Inc. increased its position in Thor Industries by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 4,042,036 shares of the construction company’s stock valued at $422,474,000 after buying an additional 48,345 shares in the last quarter. Wells Fargo & Company MN increased its position in Thor Industries by 7.4% during the 2nd quarter. Wells Fargo & Company MN now owns 1,324,845 shares of the construction company’s stock valued at $138,473,000 after buying an additional 90,713 shares in the last quarter. State Street Corp increased its position in Thor Industries by 5.0% during the 1st quarter. State Street Corp now owns 1,320,280 shares of the construction company’s stock valued at $126,925,000 after buying an additional 62,855 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new position in Thor Industries during the 2nd quarter valued at about $128,458,000. 89.67% of the stock is currently owned by institutional investors.

About Thor Industries

Thor Industries, Inc manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. The Company’s segments include towable recreational vehicles, which consists of the operations of Airstream, Inc (Airstream) (towable); Heartland Recreational Vehicles, LLC (Heartland) (including Bison Coach, LLC (Bison), Cruiser RV, LLC (CRV) and DRV, LLC (DRV)); Jayco, Corp.

Analyst Recommendations for Thor Industries (NYSE:THO)

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