THOR Industries (NYSE:THO) Upgraded to “Hold” at StockNews.com

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

THO has been the subject of several other reports. Benchmark restated a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. Citigroup upped their price objective on THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, September 26th. DA Davidson reiterated a “neutral” rating and issued a $95.00 price objective on shares of THOR Industries in a research report on Monday, September 30th. Bank of America assumed coverage on THOR Industries in a research note on Friday, December 13th. They set a “neutral” rating and a $120.00 target price for the company. Finally, Truist Financial increased their price target on THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $112.33.

THOR Industries Stock Up 2.2 %

Shares of NYSE:THO opened at $96.62 on Friday. THOR Industries has a 52-week low of $88.37 and a 52-week high of $129.31. The stock has a market cap of $5.14 billion, a P/E ratio of 24.71 and a beta of 1.68. The business has a fifty day moving average of $105.06 and a two-hundred day moving average of $103.12. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26.

Insider Buying and Selling at THOR Industries

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $115.00, for a total value of $500,710.00. Following the sale, the vice president now owns 131,905 shares of the company’s stock, valued at $15,169,075. This trade represents a 3.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On THOR Industries

A number of institutional investors and hedge funds have recently made changes to their positions in THO. JPMorgan Chase & Co. lifted its stake in THOR Industries by 37.7% in the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock worth $165,078,000 after acquiring an additional 411,466 shares during the last quarter. Franklin Resources Inc. purchased a new stake in shares of THOR Industries during the 3rd quarter worth $233,000. Sanctuary Advisors LLC grew its stake in shares of THOR Industries by 2.1% during the third quarter. Sanctuary Advisors LLC now owns 21,501 shares of the construction company’s stock worth $2,412,000 after purchasing an additional 442 shares in the last quarter. Anchor Investment Management LLC purchased a new position in THOR Industries in the third quarter valued at $58,000. Finally, Geode Capital Management LLC raised its stake in THOR Industries by 1.4% in the third quarter. Geode Capital Management LLC now owns 911,232 shares of the construction company’s stock valued at $100,161,000 after buying an additional 12,758 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.