THOR Industries (NYSE:THO) Rating Increased to Hold at StockNews.com

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

Several other equities analysts also recently commented on THO. DA Davidson reiterated a “neutral” rating and issued a $95.00 price objective on shares of THOR Industries in a research note on Monday, September 30th. Truist Financial upped their price target on THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a research report on Friday, September 20th. BMO Capital Markets reissued an “outperform” rating and issued a $120.00 price objective on shares of THOR Industries in a report on Thursday, September 19th. Bank of America initiated coverage on shares of THOR Industries in a report on Friday, December 13th. They set a “neutral” rating and a $120.00 price objective on the stock. Finally, Citigroup lifted their target price on shares of THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, THOR Industries has an average rating of “Hold” and a consensus price target of $112.33.

THOR Industries Stock Performance

Shares of NYSE THO traded down $0.59 during mid-day trading on Wednesday, reaching $95.84. 255,807 shares of the company’s stock were exchanged, compared to its average volume of 513,288. The firm has a 50-day moving average price of $106.92 and a two-hundred day moving average price of $103.14. 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 $5.10 billion, a price-to-earnings ratio of 24.51 and a beta of 1.67. THOR Industries has a 52 week low of $88.37 and a 52 week high of $129.31.

THOR Industries (NYSE:THO) last announced its quarterly earnings data on Tuesday, September 24th. The construction company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.35 by $0.33. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter in the previous year, the firm posted $1.68 earnings per share. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. Analysts predict that THOR Industries will post 4.67 EPS for the current year.

Insiders Place Their Bets

In related news, VP Colleen A. Zuhl sold 4,354 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $115.00, for a total transaction of $500,710.00. Following the completion of the transaction, the vice president now directly owns 131,905 shares in the company, valued at $15,169,075. The trade was a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.50% of the company’s stock.

Institutional Trading of THOR Industries

Large investors have recently modified their holdings of the business. Tortoise Investment Management LLC raised its position in shares of THOR Industries by 77.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock valued at $27,000 after buying an additional 124 shares in the last quarter. Stratos Wealth Advisors LLC increased its stake in THOR Industries by 2.2% in the third quarter. Stratos Wealth Advisors LLC now owns 6,411 shares of the construction company’s stock valued at $705,000 after acquiring an additional 135 shares during the last quarter. Nisa Investment Advisors LLC raised its position in THOR Industries by 0.9% during the third quarter. Nisa Investment Advisors LLC now owns 15,776 shares of the construction company’s stock valued at $1,734,000 after purchasing an additional 135 shares in the last quarter. Palouse Capital Management Inc. lifted its stake in THOR Industries by 25.1% during the second quarter. Palouse Capital Management Inc. now owns 793 shares of the construction company’s stock worth $74,000 after purchasing an additional 159 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of THOR Industries by 34.7% in the 3rd quarter. GAMMA Investing LLC now owns 780 shares of the construction company’s stock worth $86,000 after purchasing an additional 201 shares in the last quarter. Institutional investors own 96.71% of the company’s stock.

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.