Thor Industries, Inc. (NYSE:THO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Saturday. The firm currently has a $129.00 target price on the construction company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 12.23% from the stock’s previous close.

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. “

Several other research analysts have also recently issued reports on the company. BMO Capital Markets cut Thor Industries from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 6th. Off Wall Street initiated coverage on Thor Industries in a research report on Thursday, June 29th. They set a “sell” rating and a $75.00 price objective on the stock. Stifel Nicolaus reaffirmed a “hold” rating on shares of Thor Industries in a research report on Wednesday, August 16th. BidaskClub cut Thor Industries from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $120.00 price objective on shares of Thor Industries in a research report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $111.47.

Shares of Thor Industries (NYSE THO) opened at 114.94 on Friday. Thor Industries has a 12 month low of $74.00 and a 12 month high of $115.85. The stock’s 50 day moving average price is $107.11 and its 200 day moving average price is $100.92. The company has a market capitalization of $6.04 billion, a PE ratio of 17.94 and a beta of 1.38.

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In related news, Chairman Peter Busch Orthwein sold 2,784 shares of Thor Industries stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $115.00, for a total transaction of $320,160.00. Following the sale, the chairman now owns 1,396,352 shares of the company’s stock, valued at approximately $160,580,480. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alan Siegel sold 1,000 shares of Thor Industries stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $109.45, for a total value of $109,450.00. Following the sale, the director now directly owns 4,988 shares in the company, valued at approximately $545,936.60. The disclosure for this sale can be found here. 6.60% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. World Asset Management Inc raised its stake in Thor Industries by 14.3% during the 1st quarter. World Asset Management Inc now owns 3,722 shares of the construction company’s stock valued at $358,000 after purchasing an additional 467 shares during the period. Karp Capital Management Corp bought a new stake in Thor Industries during the 1st quarter valued at approximately $2,351,000. United Capital Financial Advisers LLC raised its stake in Thor Industries by 2.7% during the 1st quarter. United Capital Financial Advisers LLC now owns 13,278 shares of the construction company’s stock valued at $1,276,000 after purchasing an additional 354 shares during the period. Vanguard Group Inc. raised its stake in Thor Industries by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 3,993,691 shares of the construction company’s stock valued at $383,913,000 after purchasing an additional 214,042 shares during the period. Finally, Pacer Advisors Inc. raised its stake in Thor Industries by 11.5% during the 2nd quarter. Pacer Advisors Inc. now owns 8,418 shares of the construction company’s stock valued at $880,000 after purchasing an additional 869 shares during the period. 89.48% of the stock is currently owned by institutional investors.

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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