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

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

THO has been the subject of several other reports. Benchmark reiterated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $120.00 price objective on shares of THOR Industries in a research note on Thursday, September 19th. Citigroup boosted their target price on shares of THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Truist Financial decreased their target price on THOR Industries from $105.00 to $98.00 and set a “hold” rating for the company in a research report on Tuesday, January 7th. Finally, DA Davidson reissued a “neutral” rating and set a $95.00 price target on shares of THOR Industries in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, THOR Industries presently has an average rating of “Hold” and a consensus target price of $111.17.

THOR Industries Trading Down 1.9 %

Shares of NYSE THO traded down $1.98 during mid-day trading on Friday, hitting $101.97. 695,995 shares of the company traded hands, compared to its average volume of 588,845. The business has a 50 day moving average of $103.23 and a two-hundred day moving average of $103.47. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 1.08 and a beta of 1.68. THOR Industries has a 1 year low of $88.37 and a 1 year high of $129.31. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26.

Hedge Funds Weigh In On THOR Industries

Several hedge funds have recently bought and sold shares of THO. Quarry LP acquired a new stake in shares of THOR Industries in the second quarter worth about $28,000. UMB Bank n.a. lifted its holdings in THOR Industries by 2,050.0% in the 3rd quarter. UMB Bank n.a. now owns 258 shares of the construction company’s stock worth $28,000 after purchasing an additional 246 shares during the last quarter. Van ECK Associates Corp bought a new stake in THOR Industries during the third quarter worth approximately $32,000. Brooklyn Investment Group bought a new stake in THOR Industries during the third quarter worth approximately $38,000. Finally, Anchor Investment Management LLC acquired a new position in THOR Industries during the third quarter valued at approximately $58,000. 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.