THOR Industries (NYSE:THO) Lowered to Sell Rating by StockNews.com

THOR Industries (NYSE:THO - Get Free Report) was downgraded by research analysts at StockNews.com from a "hold" rating to a "sell" rating in a report released on Sunday.

Several other research firms also recently issued reports on THO. Benchmark restated a "hold" rating on shares of THOR Industries in a report on Tuesday, December 3rd. Truist Financial cut their price objective on shares of THOR Industries from $105.00 to $98.00 and set a "hold" rating on the stock in a report on Tuesday, January 7th. Finally, Bank of America initiated coverage on shares of THOR Industries in a 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 given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $111.17.

THOR Industries Stock Down 2.3 %

Shares of THO stock traded down $2.43 during mid-day trading on Friday, hitting $102.96. 1,401,056 shares of the stock traded hands, compared to its average volume of 521,753. The stock has a market cap of $5.48 billion, a P/E ratio of 26.33, a P/E/G ratio of 1.19 and a beta of 1.68. The stock's fifty day moving average is $101.58 and its two-hundred day moving average is $104.10. THOR Industries has a 52-week low of $88.37 and a 52-week high of $129.31. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78.

Hedge Funds Weigh In On THOR Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Venturi Wealth Management LLC increased its holdings in THOR Industries by 1.7% in the 4th quarter. Venturi Wealth Management LLC now owns 6,312 shares of the construction company's stock worth $604,000 after buying an additional 108 shares during the period. Sanctuary Advisors LLC increased its holdings in shares of THOR Industries by 0.5% during the 4th quarter. Sanctuary Advisors LLC now owns 21,614 shares of the construction company's stock valued at $2,278,000 after purchasing an additional 113 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of THOR Industries by 22.1% during the 4th quarter. Blue Trust Inc. now owns 669 shares of the construction company's stock valued at $64,000 after purchasing an additional 121 shares in the last quarter. Stratos Wealth Advisors LLC increased its holdings in shares of THOR Industries by 2.2% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 6,411 shares of the construction company's stock valued at $705,000 after purchasing an additional 135 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of THOR Industries by 0.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 15,776 shares of the construction company's stock valued at $1,734,000 after purchasing an additional 135 shares in the last quarter. 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.