Thor Industries, Inc. (THO) Lowered to “Hold” at Zacks Investment Research
Zacks Investment Research downgraded shares of Thor Industries, Inc. (NYSE:THO) from a buy rating to a hold rating in a research report released on Friday.
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 research reports. BMO Capital Markets reaffirmed a hold rating and set a $110.00 price target on shares of Thor Industries in a research note on Friday, September 1st. Robert W. Baird reaffirmed a buy rating and set a $120.00 price target on shares of Thor Industries in a research note on Friday. Sidoti began coverage on shares of Thor Industries in a research note on Friday, August 11th. They set a buy rating and a $133.00 price target for the company. Off Wall Street began coverage on shares of Thor Industries in a research note on Thursday, June 29th. They set a sell rating and a $75.00 price target for the company. Finally, Stifel Nicolaus began coverage on shares of Thor Industries in a research note on Thursday, July 6th. They set a hold rating and a $110.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $109.39.
Thor Industries (NYSE THO) traded up 0.21% on Friday, reaching $109.70. 469,210 shares of the company traded hands. The stock has a 50-day moving average of $105.78 and a 200 day moving average of $101.06. The company has a market capitalization of $5.77 billion, a PE ratio of 17.12 and a beta of 1.38. Thor Industries has a 52-week low of $74.00 and a 52-week high of $115.74.
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In related news, Director Alan Siegel sold 1,000 shares of Thor Industries stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $109.45, for a total transaction of $109,450.00. Following the completion of the transaction, the director now owns 4,988 shares of the company’s stock, valued at $545,936.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.60% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Huntington National Bank raised its stake in Thor Industries by 82.0% during the second quarter. Huntington National Bank now owns 983 shares of the construction company’s stock worth $103,000 after buying an additional 443 shares during the last quarter. Penserra Capital Management LLC bought a new stake in Thor Industries in the second quarter valued at $104,000. Sterling Investment Advisors Ltd. bought a new stake in Thor Industries in the second quarter valued at $105,000. Fiduciary Trust Co. bought a new stake in Thor Industries in the second quarter valued at $133,000. Finally, Sandy Spring Bank increased its stake in Thor Industries by 21.0% in the first quarter. Sandy Spring Bank now owns 1,670 shares of the construction company’s stock valued at $161,000 after purchasing an additional 290 shares in the last quarter. 89.66% of the stock is owned by institutional investors and hedge funds.
Thor Industries Company Profile
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.
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