Thor Industries Inc. (THO) Stock Rating Lowered by Zacks Investment Research
Thor Industries Inc. (NYSE:THO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.
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. “
Other analysts also recently issued reports about the company. Wunderlich raised their target price on Thor Industries from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 7th. Northcoast Research raised shares of Thor Industries from a “neutral” rating to a “buy” rating and set a $95.00 price target on the stock in a research report on Tuesday, September 13th. SunTrust Banks Inc. raised shares of Thor Industries from a “neutral” rating to a “buy” rating and increased their price target for the stock from $65.00 to $90.00 in a research report on Friday, July 29th. Wellington Shields raised shares of Thor Industries from a “hold” rating to a “gradually accumulate” rating in a research report on Monday, June 27th. Finally, BMO Capital Markets cut shares of Thor Industries from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $72.00 to $67.00 in a research report on Wednesday, June 8th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $77.29.
Thor Industries (NYSE:THO) opened at 82.04 on Wednesday. Thor Industries has a 52-week low of $47.56 and a 52-week high of $83.62. The firm’s 50-day moving average price is $79.43 and its 200 day moving average price is $69.02. The firm has a market cap of $4.31 billion, a PE ratio of 17.80 and a beta of 1.17.
A number of institutional investors have recently modified their holdings of the company. Manchester Capital Management LLC acquired a new position in shares of Thor Industries during the first quarter worth about $118,000. Pinkerton Retirement Specialists LLC acquired a new position in shares of Thor Industries during the second quarter worth about $126,000. LS Investment Advisors LLC boosted its position in shares of Thor Industries by 65.7% in the second quarter. LS Investment Advisors LLC now owns 2,809 shares of the company’s stock worth $182,000 after buying an additional 1,114 shares in the last quarter. Sawgrass Asset Management LLC acquired a new position in shares of Thor Industries during the second quarter worth about $216,000. Finally, Panagora Asset Management Inc. boosted its position in shares of Thor Industries by 133.6% in the second quarter. Panagora Asset Management Inc. now owns 3,838 shares of the company’s stock worth $248,000 after buying an additional 2,195 shares in the last quarter. 85.69% of the stock is currently owned by hedge funds and other institutional investors.
Thor Industries Company Profile
Thor Industries, Inc (Thor), manufactures and sells various recreational vehicles (RV) throughout the United States and Canada, as well as related parts and accessories. The principal types of The Company’s towable recreational vehicles that the Company produces include conventional travel trailers and fifth wheels.
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