Thor Industries (NYSE:THO) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen downgraded shares of Thor Industries (NYSE:THO) from a hold rating to a sell rating in a research note issued to investors on Saturday,Wall Street Zen reports.

THO has been the subject of several other research reports. DA Davidson lowered their price objective on shares of Thor Industries from $100.00 to $80.00 and set a “neutral” rating for the company in a research note on Monday, June 15th. BMO Capital Markets lowered their price objective on Thor Industries from $110.00 to $95.00 and set an “outperform” rating for the company in a research note on Tuesday, September 15th. Benchmark reissued a “hold” rating on shares of Thor Industries in a research report on Friday, June 12th. Loop Capital boosted their price objective on Thor Industries from $90.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Finally, Truist Financial lowered their target price on Thor Industries from $109.00 to $80.00 and set a “hold” rating on the stock in a research note on Wednesday, July 8th. Three analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $90.33.

Thor Industries Stock Down 1.5%

Shares of NYSE THO opened at $67.81 on Friday. The company’s 50 day moving average price is $76.25 and its 200-day moving average price is $77.56. Thor Industries has a 52-week low of $67.31 and a 52-week high of $122.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.80 and a current ratio of 1.71. The company has a market capitalization of $3.53 billion, a P/E ratio of 29.36, a price-to-earnings-growth ratio of 1.49 and a beta of 1.34.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Triad Investment Management increased its holdings in shares of Thor Industries by 10.9% in the second quarter. Triad Investment Management now owns 51,900 shares of the RV manufacturer’s stock worth $3,901,000 after purchasing an additional 5,088 shares during the period. Waverly Advisors LLC increased its stake in Thor Industries by 4.4% in the 2nd quarter. Waverly Advisors LLC now owns 6,431 shares of the RV manufacturer’s stock worth $483,000 after acquiring an additional 271 shares during the last quarter. Nykredit A S purchased a new stake in shares of Thor Industries in the 2nd quarter valued at about $229,000. Corient Private Wealth LP raised its holdings in shares of Thor Industries by 32.5% in the 2nd quarter. Corient Private Wealth LP now owns 34,935 shares of the RV manufacturer’s stock valued at $2,626,000 after acquiring an additional 8,572 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Thor Industries in the 2nd quarter valued at about $248,000. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

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.