Thor Industries, Inc. (NYSE:THO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday.

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. “

Several other equities research analysts have also recently commented on THO. BMO Capital Markets cut shares of Thor Industries from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 6th. Off Wall Street started coverage on shares of Thor Industries in a research report on Thursday, June 29th. They issued a “sell” rating and a $75.00 price target on the stock. Stifel Nicolaus reiterated a “hold” rating on shares of Thor Industries in a research report on Wednesday, August 16th. BidaskClub cut shares of Thor Industries from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $120.00 price target on shares of Thor Industries in a research report on Friday, September 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $111.47.

Shares of Thor Industries (THO) opened at 114.94 on Friday. Thor Industries has a 52 week low of $74.00 and a 52 week high of $115.85. The company has a 50-day moving average of $107.11 and a 200-day moving average of $100.92. The firm has a market capitalization of $6.04 billion, a PE ratio of 17.94 and a beta of 1.38.

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In other Thor Industries news, Chairman Peter Busch Orthwein sold 2,784 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $115.00, for a total transaction of $320,160.00. Following the sale, the chairman now owns 1,396,352 shares in the company, valued at approximately $160,580,480. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Alan Siegel sold 1,000 shares of the business’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $109.45, for a total value of $109,450.00. Following the sale, the director now owns 4,988 shares in the company, valued at approximately $545,936.60. The disclosure for this sale can be found here. 6.60% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. World Asset Management Inc raised its holdings in Thor Industries by 0.8% during the 2nd quarter. World Asset Management Inc now owns 3,751 shares of the construction company’s stock worth $392,000 after buying an additional 29 shares during the period. FMR LLC raised its holdings in Thor Industries by 0.4% during the 2nd quarter. FMR LLC now owns 8,046 shares of the construction company’s stock worth $841,000 after buying an additional 30 shares during the period. Somerset Trust Co raised its holdings in Thor Industries by 0.8% during the 2nd quarter. Somerset Trust Co now owns 6,697 shares of the construction company’s stock worth $700,000 after buying an additional 56 shares during the period. Bbva Compass Bancshares Inc. raised its holdings in Thor Industries by 0.6% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 14,956 shares of the construction company’s stock worth $1,564,000 after buying an additional 82 shares during the period. Finally, Barnett & Company Inc. raised its holdings in Thor Industries by 0.9% during the 2nd quarter. Barnett & Company Inc. now owns 10,740 shares of the construction company’s stock worth $1,123,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 89.48% of the company’s stock.

About Thor Industries

Thor Industries, Inc manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. The Company’s segments include towable recreational vehicles, which consists of the operations of Airstream, Inc (Airstream) (towable); Heartland Recreational Vehicles, LLC (Heartland) (including Bison Coach, LLC (Bison), Cruiser RV, LLC (CRV) and DRV, LLC (DRV)); Jayco, Corp.

Analyst Recommendations for Thor Industries (NYSE:THO)

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