StockNews.com Upgrades THOR Industries (NYSE:THO) to Hold

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

Several other equities analysts have also issued reports on THO. DA Davidson reiterated a “neutral” rating and issued a $95.00 price target on shares of THOR Industries in a research note on Monday, September 30th. Truist Financial lifted their target price 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 target price on shares of THOR Industries in a report on Thursday, September 19th. Benchmark restated a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. Finally, Bank of America initiated coverage on shares of THOR Industries in a research report on Friday, December 13th. They set a “neutral” rating and a $120.00 price objective for the company. 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.com, the company has an average rating of “Hold” and a consensus price target of $112.33.

THOR Industries Stock Performance

NYSE THO opened at $96.62 on Friday. The firm’s 50 day simple moving average is $105.06 and its 200 day simple moving average is $103.27. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 24.71 and a beta of 1.68. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. THOR Industries has a 1 year low of $88.37 and a 1 year high of $129.31.

Insider Buying and Selling

In related news, VP Colleen A. Zuhl sold 4,354 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $15,169,075. This trade represents a 3.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 4.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On THOR Industries

Institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. raised its stake in THOR Industries by 3.5% during the second quarter. Victory Capital Management Inc. now owns 74,427 shares of the construction company’s stock worth $6,955,000 after buying an additional 2,503 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of THOR Industries by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 14,182 shares of the construction company’s stock valued at $1,325,000 after purchasing an additional 260 shares during the period. Caprock Group LLC boosted its position in shares of THOR Industries by 55.2% during the 2nd quarter. Caprock Group LLC now owns 4,751 shares of the construction company’s stock valued at $444,000 after purchasing an additional 1,690 shares in the last quarter. Quest Partners LLC grew its stake in THOR Industries by 25,000.0% during the second quarter. Quest Partners LLC now owns 3,012 shares of the construction company’s stock worth $281,000 after purchasing an additional 3,000 shares during the period. Finally, Choreo LLC increased its holdings in THOR Industries by 9.2% in the second quarter. Choreo LLC now owns 312,471 shares of the construction company’s stock worth $28,753,000 after purchasing an additional 26,317 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.