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 research report issued to clients and 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 research analysts also recently issued research reports about the stock. BMO Capital Markets downgraded shares of Thor Industries from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $72.00 to $67.00 in a report on Wednesday, June 8th. They noted that the move was a valuation call. Wunderlich boosted their price objective on shares of Thor Industries from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, June 7th. Wellington Shields upgraded shares of Thor Industries from a “hold” rating to a “gradually accumulate” rating in a report on Monday, June 27th. Northcoast Research upgraded shares of Thor Industries from a “neutral” rating to a “buy” rating and set a $95.00 price objective on the stock in a report on Tuesday, September 13th. Finally, SunTrust Banks Inc. upgraded shares of Thor Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $65.00 to $90.00 in a report on Friday, July 29th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $77.29.
Thor Industries (NYSE:THO) opened at 82.04 on Wednesday. Thor Industries has a 1-year low of $47.56 and a 1-year high of $83.62. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 17.80 and a beta of 1.17. The company’s 50 day moving average is $79.43 and its 200-day moving average is $69.02.
A number of institutional investors have recently added to or reduced their stakes in the stock. Manchester Capital Management LLC purchased a new position in Thor Industries during the first quarter worth approximately $118,000. Pinkerton Retirement Specialists LLC purchased a new position in Thor Industries during the second quarter worth approximately $126,000. LS Investment Advisors LLC raised its position in 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 during the period. Sawgrass Asset Management LLC purchased a new position in Thor Industries during the second quarter worth approximately $216,000. Finally, Panagora Asset Management Inc. raised its position in 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 during the period. Hedge funds and other institutional investors own 85.69% of the company’s stock.
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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