THOR Industries (NYSE:THO) Downgraded to “Sell” Rating by StockNews.com

THOR Industries (NYSE:THO) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Several other equities research analysts have also recently weighed in on the company. BMO Capital Markets reissued an “outperform” rating and issued a $120.00 price objective on shares of THOR Industries in a research report on Thursday, September 19th. Benchmark reissued a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Citigroup boosted their price objective on shares of THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. DA Davidson reiterated a “neutral” rating and issued a $95.00 target price on shares of THOR Industries in a research note on Monday, September 30th. Finally, Bank of America initiated coverage on THOR Industries in a research report on Friday, December 13th. They set a “neutral” rating and a $120.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $111.17.

THOR Industries Stock Performance

NYSE:THO traded down $1.98 during mid-day trading on Friday, hitting $101.97. 695,995 shares of the company’s stock traded hands, compared to its average volume of 588,845. The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 1.08 and a beta of 1.68. The firm has a 50 day moving average of $103.23 and a two-hundred day moving average of $103.47. 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 12 month low of $88.37 and a 12 month high of $129.31.

Hedge Funds Weigh In On THOR Industries

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC raised its stake in THOR Industries by 0.4% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,356,769 shares of the construction company’s stock worth $500,590,000 after acquiring an additional 21,841 shares in the last quarter. State Street Corp grew its holdings in shares of THOR Industries by 2.1% in the 3rd quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock worth $178,462,000 after purchasing an additional 33,619 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of THOR Industries by 37.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock worth $165,078,000 after purchasing an additional 411,466 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of THOR Industries by 2.8% during the 3rd quarter. Pacer Advisors Inc. now owns 1,171,779 shares of the construction company’s stock worth $128,767,000 after purchasing an additional 31,416 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in THOR Industries by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 911,232 shares of the construction company’s stock valued at $100,161,000 after purchasing an additional 12,758 shares during the last quarter. Institutional investors own 96.71% of the company’s stock.

About THOR Industries

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.