Thor Industries Inc. (NYSE:THO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

According to Zacks, “Thor Industries manufactures a wide range of recreational vehicles (RVs) at various manufacturing facilities located in Indiana and Ohio and sold through independent dealers in the U.S. and Canada. “

A number of other analysts have also recently commented on the company. Wellington Shields upgraded Thor Industries from a “hold” rating to a “gradually accumulate” rating in a research report on Monday, June 27th. SunTrust Banks Inc. upgraded Thor Industries from a “neutral” rating to a “buy” rating and upped their price target for the stock from $65.00 to $90.00 in a research report on Friday, July 29th. Wunderlich cut Thor Industries from a “buy” rating to a “hold” rating and set a $80.00 price target for the company. in a research report on Friday, August 19th. BMO Capital Markets cut Thor Industries from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $72.00 to $67.00 in a research report on Wednesday, June 8th. They noted that the move was a valuation call. Finally, Northcoast Research upgraded Thor Industries from a “neutral” rating to a “buy” rating and set a $95.00 price target for the company in a research report on Tuesday, September 13th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $77.29.

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Shares of Thor Industries (NYSE:THO) traded up 0.95% during trading on Wednesday, hitting $80.41. The company had a trading volume of 498,921 shares. The firm’s 50 day moving average is $79.10 and its 200-day moving average is $68.84. Thor Industries has a 52 week low of $47.56 and a 52 week high of $83.62. The stock has a market capitalization of $4.22 billion, a P/E ratio of 17.45 and a beta of 1.17.

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Thor Industries by 4.4% in the second quarter. Vanguard Group Inc. now owns 3,342,615 shares of the company’s stock worth $216,401,000 after buying an additional 141,893 shares during the last quarter. Investec Asset Management LTD purchased a new position in shares of Thor Industries during the first quarter worth approximately $117,584,000. BlackRock Fund Advisors raised its position in shares of Thor Industries by 6.4% in the second quarter. BlackRock Fund Advisors now owns 1,632,860 shares of the company’s stock worth $105,711,000 after buying an additional 97,767 shares during the last quarter. Janus Capital Management LLC raised its position in shares of Thor Industries by 8.8% in the second quarter. Janus Capital Management LLC now owns 1,538,085 shares of the company’s stock worth $99,575,000 after buying an additional 124,638 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Thor Industries by 3.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,464,991 shares of the company’s stock worth $93,422,000 after buying an additional 51,432 shares during the last quarter. 85.69% of the stock is owned by institutional investors.

About Thor Industries

Thor Industries, Inc (Thor), manufactures and sells various recreational vehicles (RV) throughout the United States and Canada, as well as related parts and accessories. The principal types of The Company’s towable recreational vehicles that the Company produces include conventional travel trailers and fifth wheels.

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