THOR Industries (NYSE:THO) Stock Rating Lowered by Citigroup

Citigroup cut shares of THOR Industries (NYSE:THO) from a buy rating to a neutral rating in a report published on Wednesday morning, MarketBeat reports. They currently have $86.00 price objective on the construction company’s stock, down from their prior price objective of $94.00.

Other equities analysts have also issued research reports about the stock. Benchmark restated a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. Bank of America upgraded shares of THOR Industries from a “neutral” rating to a “buy” rating and raised their price target for the company from $110.00 to $125.00 in a research note on Monday, March 3rd. Truist Financial reduced their price objective on THOR Industries from $110.00 to $90.00 and set a “hold” rating for the company in a research report on Thursday, March 6th. StockNews.com upgraded THOR Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, BMO Capital Markets reduced their price target on THOR Industries from $120.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $93.00.

THOR Industries Stock Performance

Shares of NYSE THO opened at $79.11 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. The firm’s 50-day moving average price is $96.10 and its two-hundred day moving average price is $102.01. THOR Industries has a 52-week low of $75.78 and a 52-week high of $118.85. The stock has a market capitalization of $4.21 billion, a P/E ratio of 20.23, a P/E/G ratio of 1.16 and a beta of 1.74.

THOR Industries (NYSE:THO) last announced its quarterly earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.08). The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.98 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The company’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same period last year, the business posted $0.13 EPS. As a group, sell-side analysts forecast that THOR Industries will post 4.64 earnings per share for the current year.

Hedge Funds Weigh In On THOR Industries

A number of hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its stake in THOR Industries by 34.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,141 shares of the construction company’s stock valued at $492,000 after acquiring an additional 1,328 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in shares of THOR Industries in the 4th quarter valued at $440,000. Neo Ivy Capital Management boosted its holdings in THOR Industries by 11.7% in the fourth quarter. Neo Ivy Capital Management now owns 2,451 shares of the construction company’s stock worth $234,000 after purchasing an additional 257 shares in the last quarter. Waverly Advisors LLC boosted its holdings in THOR Industries by 57.6% in the fourth quarter. Waverly Advisors LLC now owns 5,535 shares of the construction company’s stock worth $530,000 after purchasing an additional 2,023 shares in the last quarter. Finally, Vident Advisory LLC increased its position in THOR Industries by 10.5% during the fourth quarter. Vident Advisory LLC now owns 9,431 shares of the construction company’s stock worth $903,000 after buying an additional 897 shares during the last quarter. Institutional investors and hedge funds 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.