THOR Industries (NYSE:THO) Cut to “Sell” at StockNews.com

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

Several other equities research analysts have also weighed in on the stock. Bank of America assumed coverage on shares of THOR Industries in a research note on Friday, December 13th. They set a “neutral” rating and a $120.00 price objective on the stock. Benchmark reiterated a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. Finally, Truist Financial increased their price objective on shares of THOR Industries from $98.00 to $110.00 and gave the stock a “hold” rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $113.17.

THOR Industries Price Performance

THO opened at $104.31 on Wednesday. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of 26.68, a price-to-earnings-growth ratio of 1.17 and a beta of 1.69. THOR Industries has a fifty-two week low of $88.37 and a fifty-two week high of $129.31. The company’s 50-day moving average price is $99.88 and its 200 day moving average price is $104.20. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26.

Institutional Investors Weigh In On THOR Industries

Several large investors have recently made changes to their positions in THO. Atala Financial Inc acquired a new stake in shares of THOR Industries in the fourth quarter valued at approximately $27,000. Van ECK Associates Corp acquired a new stake in shares of THOR Industries in the third quarter valued at approximately $32,000. First Horizon Advisors Inc. increased its stake in shares of THOR Industries by 57.3% in the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock valued at $32,000 after purchasing an additional 121 shares during the period. Brooklyn Investment Group acquired a new stake in shares of THOR Industries in the third quarter valued at approximately $38,000. Finally, Brown Brothers Harriman & Co. increased its stake in shares of THOR Industries by 369.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company’s stock valued at $40,000 after acquiring an additional 329 shares during the period. Institutional investors and hedge funds own 96.71% of the company’s stock.

THOR Industries Company Profile

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.