Thor Industries, Inc. (THO) Stock Rating Lowered by Zacks Investment Research
Thor Industries, Inc. (NYSE:THO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.
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 brokerages have also commented on THO. Stifel Nicolaus reiterated a “hold” rating on shares of Thor Industries in a report on Wednesday, August 16th. BidaskClub upgraded Thor Industries from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Citigroup Inc. reiterated a “buy” rating and set a $118.00 price target (up from $111.00) on shares of Thor Industries in a report on Friday, June 9th. BMO Capital Markets reiterated a “hold” rating and set a $110.00 price target on shares of Thor Industries in a report on Thursday, July 13th. Finally, Off Wall Street started coverage on Thor Industries in a report on Thursday, June 29th. They set a “sell” rating and a $75.00 price target for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $109.39.
Thor Industries (THO) traded up 0.21% during mid-day trading on Friday, hitting $109.70. 469,210 shares of the stock were exchanged. The company has a 50-day moving average price of $105.78 and a 200-day moving average price of $101.06. Thor Industries has a one year low of $74.00 and a one year high of $115.74. The company has a market cap of $5.77 billion, a P/E ratio of 17.12 and a beta of 1.38.
In other news, Director Alan Siegel sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $109.45, for a total transaction of $109,450.00. Following the sale, the director now directly owns 4,988 shares in the company, valued at $545,936.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 6.60% of the company’s stock.
Large investors have recently made changes to their positions in the business. Huntington National Bank grew its position in Thor Industries by 82.0% in the second quarter. Huntington National Bank now owns 983 shares of the construction company’s stock valued at $103,000 after acquiring an additional 443 shares during the period. Sterling Investment Advisors Ltd. bought a new stake in Thor Industries in the second quarter valued at $105,000. Fiduciary Trust Co. bought a new stake in Thor Industries in the second quarter valued at $133,000. Sandy Spring Bank grew its position in Thor Industries by 21.0% in the first quarter. Sandy Spring Bank now owns 1,670 shares of the construction company’s stock valued at $161,000 after acquiring an additional 290 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Thor Industries by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,735 shares of the construction company’s stock valued at $181,000 after acquiring an additional 151 shares during the period. Hedge funds and other institutional investors own 89.66% 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Thor Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thor Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.