Thor Industries (NYSE:THO) Downgraded by Wall Street Zen to "Sell"

Key Points

• Wall Street Zen downgraded Thor Industries to “Sell” from “Hold,” despite mixed analyst views. The broader consensus remains “Hold,” with three Buy ratings and eleven Hold ratings.
• Thor Industries’ consensus price target is $90.33, while shares opened at $67.81 and were near their 52-week low of $67.31; several firms recently lowered their targets.
• Institutional investors and hedge funds own 96.71% of the company, with several firms increasing their stakes during the second quarter.

Thor Industries (NYSE:THO - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday, Wall Street Zen reports.

THO has been the subject of several other research reports. Loop Capital increased their price objective on shares of Thor Industries from $90.00 to $96.00 and gave the stock a "buy" rating in a research report on Thursday, June 4th. BMO Capital Markets cut their price objective on shares of Thor Industries from $110.00 to $95.00 and set an "outperform" rating on the stock in a research report on Tuesday. Bank of America reduced their target price on shares of Thor Industries from $120.00 to $96.00 and set a "buy" rating for the company in a research note on Thursday, June 4th. Citigroup lowered their target price on Thor Industries from $79.00 to $76.00 and set a "neutral" rating for the company in a report on Wednesday. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Thor Industries in a research note on Monday. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $90.33.

Thor Industries Stock Down 1.5%

Shares of Thor Industries stock opened at $67.81 on Friday. Thor Industries has a 1 year low of $67.31 and a 1 year high of $122.83. The business has a 50-day moving average of $76.25 and a two-hundred day moving average of $77.56. The company has a market capitalization of $3.53 billion, a P/E ratio of 29.36, a price-to-earnings-growth ratio of 1.51 and a beta of 1.34. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.71 and a quick ratio of 0.80.

Institutional Investors Weigh In On Thor Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Triad Investment Management grew its stake in Thor Industries by 10.9% in the second quarter. Triad Investment Management now owns 51,900 shares of the RV manufacturer's stock valued at $3,901,000 after purchasing an additional 5,088 shares in the last quarter. Waverly Advisors LLC boosted its holdings in shares of Thor Industries by 4.4% in the 2nd quarter. Waverly Advisors LLC now owns 6,431 shares of the RV manufacturer's stock valued at $483,000 after buying an additional 271 shares during the last quarter. Nykredit A S acquired a new stake in shares of Thor Industries in the 2nd quarter valued at approximately $229,000. Corient Private Wealth LP grew its stake in shares of Thor Industries by 32.5% in the second quarter. Corient Private Wealth LP now owns 34,935 shares of the RV manufacturer's stock valued at $2,626,000 after buying an additional 8,572 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Thor Industries in the second quarter valued at $248,000. 96.71% of the stock is currently owned by institutional investors and hedge funds.

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.

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