THOR Industries (NYSE:THO) Raised to "Hold" at Wall Street Zen

THOR Industries (NYSE:THO - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Friday.

A number of other research analysts have also issued reports on THO. Baird R W lowered THOR Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. KeyCorp increased their price objective on shares of THOR Industries from $60.00 to $65.00 and gave the stock an "underweight" rating in a report on Friday, May 30th. Robert W. Baird cut THOR Industries from an "outperform" rating to a "neutral" rating and cut their price target for the company from $100.00 to $85.00 in a report on Friday, April 4th. Bank of America upgraded THOR Industries from a "neutral" rating to a "buy" rating and raised their target price for the company from $110.00 to $125.00 in a research report on Monday, March 3rd. Finally, Citigroup cut THOR Industries from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $94.00 to $86.00 in a research note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, THOR Industries currently has an average rating of "Hold" and an average price target of $89.14.

THOR Industries Stock Performance

THO stock traded up $0.77 during trading on Friday, hitting $86.75. 987,115 shares of the company's stock traded hands, compared to its average volume of 660,247. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 1.16 and a beta of 1.21. THOR Industries has a 52 week low of $63.16 and a 52 week high of $118.85. The stock has a fifty day moving average price of $75.86 and a two-hundred day moving average price of $89.89. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26.

THOR Industries (NYSE:THO - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The construction company reported $2.53 earnings per share for the quarter, beating analysts' consensus estimates of $1.79 by $0.74. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the prior year, the firm earned $2.13 EPS. The company's revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities analysts anticipate that THOR Industries will post 4.64 EPS for the current fiscal year.

Institutional Trading of THOR Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its position in shares of THOR Industries by 22.1% during the 4th quarter. Blue Trust Inc. now owns 669 shares of the construction company's stock valued at $64,000 after acquiring an additional 121 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of THOR Industries during the fourth quarter valued at $51,000. Consolidated Planning Corp lifted its holdings in shares of THOR Industries by 14.6% during the fourth quarter. Consolidated Planning Corp now owns 6,467 shares of the construction company's stock valued at $619,000 after purchasing an additional 823 shares during the last quarter. Palouse Capital Management Inc. boosted its position in shares of THOR Industries by 63.8% in the 4th quarter. Palouse Capital Management Inc. now owns 1,299 shares of the construction company's stock valued at $124,000 after purchasing an additional 506 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its stake in THOR Industries by 2.5% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 19,446 shares of the construction company's stock worth $1,861,000 after purchasing an additional 475 shares in the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.

THOR Industries Company Profile

THOR Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.

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