StockNews.com Downgrades THOR Industries (NYSE:THO) to Sell

THOR Industries (NYSE:THO) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

THO has been the topic of a number of other reports. Truist Financial raised their price target on THOR Industries from $98.00 to $110.00 and gave the company a “hold” rating in a report on Monday, February 10th. Bank of America started coverage on shares of THOR Industries in a research report on Friday, December 13th. They set a “neutral” rating and a $120.00 price target on the stock. Finally, Benchmark reiterated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $113.17.

THOR Industries Stock Performance

Shares of THO stock opened at $100.58 on Wednesday. THOR Industries has a 12-month low of $88.37 and a 12-month high of $129.31. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 1.20 and a beta of 1.69. The business has a 50 day simple moving average of $99.71 and a 200 day simple moving average of $104.16.

Institutional Trading of THOR Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in shares of THOR Industries by 37.7% in the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock valued at $165,078,000 after buying an additional 411,466 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of THOR Industries by 51.3% in the 3rd quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock worth $55,486,000 after acquiring an additional 171,244 shares during the last quarter. State Street Corp raised its position in shares of THOR Industries by 2.1% during the third quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock worth $178,462,000 after purchasing an additional 33,619 shares during the period. Radnor Capital Management LLC acquired a new stake in shares of THOR Industries during the third quarter worth $631,000. Finally, Consolidated Planning Corp purchased a new stake in shares of THOR Industries during the third quarter valued at $620,000. 96.71% of the stock is owned by institutional investors and hedge funds.

About THOR Industries

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.