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

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

Several other research analysts have also recently weighed in on THO. Truist Financial lowered their price objective on Thor Industries from $109.00 to $80.00 and set a “hold” rating on the stock in a research report on Wednesday, July 8th. Benchmark reissued a “hold” rating on shares of Thor Industries in a research report on Friday, June 12th. Loop Capital upped their price target on shares of Thor Industries from $90.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Thor Industries in a research note on Monday, September 14th. Finally, Zacks Research raised shares of Thor Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, August 24th. Three investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, Thor Industries has a consensus rating of “Hold” and an average price target of $89.22.

Thor Industries Price Performance

Shares of NYSE THO opened at $69.91 on Friday. The firm has a market cap of $3.64 billion, a P/E ratio of 30.26, a price-to-earnings-growth ratio of 1.49 and a beta of 1.34. The company has a current ratio of 1.71, a quick ratio of 0.80 and a debt-to-equity ratio of 0.20. Thor Industries has a 1-year low of $67.31 and a 1-year high of $122.83. The business’s 50 day moving average is $76.20 and its 200-day moving average is $77.29.

Institutional Trading of Thor Industries

A number of institutional investors have recently modified their holdings of THO. ACR Alpine Capital Research LLC increased its position in shares of Thor Industries by 18.6% in the first quarter. ACR Alpine Capital Research LLC now owns 4,903,124 shares of the RV manufacturer’s stock worth $391,711,000 after purchasing an additional 769,342 shares during the period. BlackRock Inc. bought a new stake in Thor Industries during the second quarter worth about $363,258,000. Life Cycle Investment Partners Ltd bought a new stake in Thor Industries during the fourth quarter worth about $255,482,000. Dimensional Fund Advisors LP grew its stake in Thor Industries by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 3,146,574 shares of the RV manufacturer’s stock worth $251,375,000 after buying an additional 96,080 shares in the last quarter. Finally, Capital Research Global Investors grew its stake in Thor Industries by 3.2% during the fourth quarter. Capital Research Global Investors now owns 1,581,876 shares of the RV manufacturer’s stock worth $162,411,000 after buying an additional 48,466 shares in the last quarter. 96.71% of the stock is currently owned by institutional investors.

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.