THOR Industries (NYSE:THO) Cut to “Sell” at StockNews.com

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

Several other analysts also recently issued reports on THO. Benchmark reiterated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. 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 target for the company. Finally, Truist Financial upped their price objective on shares of THOR Industries from $98.00 to $110.00 and gave the company a “hold” rating in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $113.17.

THOR Industries Stock Up 0.4 %

Shares of NYSE THO opened at $104.31 on Wednesday. THOR Industries has a 12-month low of $88.37 and a 12-month high of $129.31. The company has a market cap of $5.55 billion, a P/E ratio of 26.68, a P/E/G ratio of 1.17 and a beta of 1.69. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. The stock has a fifty day moving average price of $99.88 and a 200 day moving average price of $104.20.

Hedge Funds Weigh In On THOR Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC lifted its position in shares of THOR Industries by 1.7% during the fourth quarter. Venturi Wealth Management LLC now owns 6,312 shares of the construction company’s stock worth $604,000 after purchasing an additional 108 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of THOR Industries by 0.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 15,971 shares of the construction company’s stock worth $1,529,000 after purchasing an additional 112 shares during the last quarter. Sanctuary Advisors LLC lifted its position in shares of THOR Industries by 0.5% during the fourth quarter. Sanctuary Advisors LLC now owns 21,614 shares of the construction company’s stock worth $2,278,000 after purchasing an additional 113 shares during the last quarter. Blue Trust Inc. lifted its position in shares of THOR Industries by 22.1% during the fourth quarter. Blue Trust Inc. now owns 669 shares of the construction company’s stock worth $64,000 after purchasing an additional 121 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of THOR Industries by 57.3% during the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock worth $32,000 after purchasing an additional 121 shares during the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

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.