Thor Industries (NYSE:THO) Price Target Cut to $86.00 by Analysts at Bank of America

Thor Industries (NYSE:THO) had its target price decreased by Bank of America from $96.00 to $86.00 in a report released on Monday morning,Benzinga reports. Bank of America currently has a buy rating on the RV manufacturer’s stock.

Several other research firms also recently commented on THO. Citigroup dropped their price objective on shares of Thor Industries from $79.00 to $76.00 and set a “neutral” rating on the stock in a report on Wednesday, September 16th. Zacks Research raised shares of Thor Industries from a “strong sell” rating to a “hold” rating in a report on Monday, August 24th. DA Davidson decreased their target price on shares of Thor Industries from $100.00 to $80.00 and set a “neutral” rating for the company in a research report on Monday, June 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Thor Industries in a report on Monday, September 14th. Finally, BMO Capital Markets cut their price target on Thor Industries from $110.00 to $95.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 15th. Three analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Thor Industries presently has a consensus rating of “Hold” and a consensus target price of $89.22.

Thor Industries Price Performance

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

Hedge Funds Weigh In On Thor Industries

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Thor Industries during the 2nd quarter worth about $363,258,000. Madison Asset Management LLC purchased a new position in Thor Industries in the 2nd quarter valued at about $66,217,000. Canada Pension Plan Investment Board acquired a new stake in Thor Industries in the 2nd quarter worth about $65,419,000. ACR Alpine Capital Research LLC boosted its holdings in Thor Industries by 18.6% in the 1st quarter. ACR Alpine Capital Research LLC now owns 4,903,124 shares of the RV manufacturer’s stock worth $391,711,000 after buying an additional 769,342 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its stake in Thor Industries by 130.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,081,238 shares of the RV manufacturer’s stock worth $111,011,000 after buying an additional 611,639 shares in the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

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.