Wall Street Zen Upgrades Thor Industries (NYSE:THO) to “Hold”

Thor Industries (NYSE:THO) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday, Wall Street Zen reports.

A number of other research firms also recently commented on THO. Citigroup cut their target price on shares of Thor Industries from $80.00 to $79.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. Weiss Ratings lowered shares of Thor Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. BMO Capital Markets lowered their target price on Thor Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. Zacks Research raised Thor Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, August 24th. Finally, Loop Capital boosted their price target on Thor Industries from $90.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Thor Industries currently has a consensus rating of “Hold” and an average price target of $92.33.

Thor Industries Price Performance

Shares of THO stock opened at $76.93 on Friday. Thor Industries has a twelve month low of $69.71 and a twelve month high of $122.83. The company has a current ratio of 1.71, a quick ratio of 0.80 and a debt-to-equity ratio of 0.20. The stock has a fifty day simple moving average of $76.91 and a two-hundred day simple moving average of $79.88. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of 33.30, a P/E/G ratio of 1.69 and a beta of 1.34.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Kingsview Wealth Management LLC boosted its stake in Thor Industries by 955.2% in the 4th quarter. Kingsview Wealth Management LLC now owns 28,057 shares of the RV manufacturer’s stock worth $2,881,000 after purchasing an additional 25,398 shares in the last quarter. Capital Research Global Investors grew its position in Thor Industries by 3.2% during the 4th quarter. Capital Research Global Investors now owns 1,581,876 shares of the RV manufacturer’s stock worth $162,411,000 after purchasing an additional 48,466 shares during the last quarter. Edgestream Partners L.P. increased its stake in Thor Industries by 133.0% during the 1st quarter. Edgestream Partners L.P. now owns 26,816 shares of the RV manufacturer’s stock valued at $2,142,000 after purchasing an additional 15,309 shares in the last quarter. Callan Family Office LLC acquired a new position in Thor Industries during the 2nd quarter valued at approximately $1,054,000. Finally, ACR Alpine Capital Research LLC raised its holdings in shares of Thor Industries by 0.7% in the fourth quarter. ACR Alpine Capital Research LLC now owns 4,133,782 shares of the RV manufacturer’s stock worth $424,415,000 after buying an additional 26,712 shares during the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.

Thor Industries Company Profile

Thor Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and related components for the leisure travel market. Through its family of well-known brands—such as Airstream, Heartland, Jayco, Keystone RV and Thor Motor Coach—the company designs, manufactures and sells a broad range of motorized and towable RVs, complemented by aftermarket parts and service solutions. Thor offers products that span travel trailers, fifth wheels, toy haulers and Class A, B and C motorhomes, addressing both entry-level and premium segments.

Founded in 1980 when Wade Thompson and Peter Orthwein acquired Airstream from Beatrice Foods, Thor Industries has grown organically and through strategic acquisitions to become one of the largest RV producers in the world.