Thor Industries, Inc. (NYSE:THO) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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. “

Other equities research analysts have also recently issued research reports about the stock. Off Wall Street assumed coverage on shares of Thor Industries in a research report on Thursday, June 29th. They issued a “sell” rating and a $75.00 price target for the company. BidaskClub raised shares of Thor Industries from a “sell” rating to a “hold” rating in a research report on Friday. BMO Capital Markets reaffirmed a “hold” rating and issued a $110.00 price target on shares of Thor Industries in a research report on Thursday, July 13th. SunTrust Banks, Inc. set a $125.00 price target on shares of Thor Industries and gave the stock a “buy” rating in a research report on Thursday, April 20th. Finally, Stifel Nicolaus assumed coverage on shares of Thor Industries in a research report on Thursday, July 6th. They issued a “hold” rating and a $110.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $107.06.

Thor Industries (THO) traded down 0.30% during trading on Tuesday, reaching $104.99. 98,972 shares of the company were exchanged. Thor Industries has a 1-year low of $74.00 and a 1-year high of $115.74. The stock has a market capitalization of $5.52 billion, a P/E ratio of 16.38 and a beta of 1.40. The company’s 50-day moving average price is $105.52 and its 200-day moving average price is $100.89.

Thor Industries (NYSE:THO) last announced its quarterly earnings results on Monday, June 5th. The construction company reported $2.11 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.24. Thor Industries had a net margin of 5.11% and a return on equity of 24.83%. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the prior year, the company earned $1.51 EPS. The company’s revenue was up 56.9% compared to the same quarter last year. On average, equities analysts forecast that Thor Industries will post $6.76 EPS for the current year.

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In related news, Director Alan Siegel sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $109.45, for a total transaction of $109,450.00. Following the completion of the transaction, the director now owns 4,988 shares in the company, valued at approximately $545,936.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 6.60% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of THO. Somerset Trust Co raised its position in Thor Industries by 0.4% in the first quarter. Somerset Trust Co now owns 6,641 shares of the construction company’s stock valued at $639,000 after buying an additional 25 shares during the period. World Asset Management Inc raised its position in Thor Industries by 0.8% in the second quarter. World Asset Management Inc now owns 3,751 shares of the construction company’s stock valued at $392,000 after buying an additional 29 shares during the period. Bbva Compass Bancshares Inc. raised its position in Thor Industries by 0.6% in the second quarter. Bbva Compass Bancshares Inc. now owns 14,956 shares of the construction company’s stock valued at $1,564,000 after buying an additional 82 shares during the period. State Treasurer State of Michigan raised its position in Thor Industries by 0.5% in the first quarter. State Treasurer State of Michigan now owns 19,400 shares of the construction company’s stock valued at $1,865,000 after buying an additional 100 shares during the period. Finally, Barnett & Company Inc. raised its position in Thor Industries by 0.9% in the second quarter. Barnett & Company Inc. now owns 10,740 shares of the construction company’s stock valued at $1,123,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 90.36% of the company’s stock.

Thor Industries Company Profile

Thor Industries, Inc manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. The Company’s segments include towable recreational vehicles, which consists of the operations of Airstream, Inc (Airstream) (towable); Heartland Recreational Vehicles, LLC (Heartland) (including Bison Coach, LLC (Bison), Cruiser RV, LLC (CRV) and DRV, LLC (DRV)); Jayco, Corp.

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Analyst Recommendations for Thor Industries (NYSE:THO)

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