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

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

THO has been the topic of several other reports. Truist Financial decreased their price target on THOR Industries from $105.00 to $98.00 and set a “hold” rating on the stock in a research report on Tuesday, January 7th. Bank of America initiated coverage on THOR Industries in a report on Friday, December 13th. They issued a “neutral” rating and a $120.00 price objective for the company. Finally, Benchmark reiterated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, THOR Industries presently has a consensus rating of “Hold” and an average price target of $111.17.

THOR Industries Price Performance

THO opened at $100.24 on Friday. 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 company has a market capitalization of $5.33 billion, a price-to-earnings ratio of 25.64, a P/E/G ratio of 1.20 and a beta of 1.69. The firm’s fifty day moving average price is $101.27 and its two-hundred day moving average price is $104.14. THOR Industries has a 1 year low of $88.37 and a 1 year high of $129.31.

Institutional Investors Weigh In On THOR Industries

Several hedge funds have recently made changes to their positions in THO. First Horizon Advisors Inc. increased its holdings in shares of THOR Industries by 57.3% in the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock valued at $32,000 after purchasing an additional 121 shares during the period. Kestra Investment Management LLC acquired a new stake in THOR Industries during the fourth quarter worth $65,000. Venturi Wealth Management LLC grew its stake in shares of THOR Industries by 1.7% in the fourth quarter. Venturi Wealth Management LLC now owns 6,312 shares of the construction company’s stock valued at $604,000 after buying an additional 108 shares in the last quarter. Sanctuary Advisors LLC grew its stake in shares of THOR Industries by 0.5% in the fourth quarter. Sanctuary Advisors LLC now owns 21,614 shares of the construction company’s stock valued at $2,278,000 after buying an additional 113 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its holdings in THOR Industries by 2.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 19,446 shares of the construction company’s stock valued at $1,861,000 after purchasing an additional 475 shares during the period. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

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.