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

THOR Industries (NYSE:THO - Get Free Report) was downgraded by equities research 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 research analysts also recently commented on the stock. DA Davidson reissued a "neutral" rating and set a $95.00 price objective on shares of THOR Industries in a report on Monday, September 30th. Truist Financial increased their price target on THOR Industries from $95.00 to $105.00 and gave the company a "hold" rating in a research note on Friday, September 20th. Citigroup lifted their price objective on THOR Industries from $119.00 to $124.00 and gave the stock a "buy" rating in a research note on Thursday, September 26th. BMO Capital Markets reaffirmed an "outperform" rating and set a $120.00 price objective on shares of THOR Industries in a report on Thursday, September 19th. Finally, Benchmark reissued a "hold" rating on shares of THOR Industries in a report on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, THOR Industries currently has an average rating of "Hold" and a consensus price target of $110.80.

THOR Industries Price Performance

THO traded up $2.36 on Friday, hitting $106.42. 551,888 shares of the company's stock traded hands, compared to its average volume of 507,995. The company's 50 day simple moving average is $109.17 and its 200-day simple moving average is $102.67. The company has a current ratio of 1.69, a quick ratio of 0.82 and a debt-to-equity ratio of 0.27. THOR Industries has a one year low of $88.37 and a one year high of $129.31. The firm has a market cap of $5.65 billion, a price-to-earnings ratio of 21.59 and a beta of 1.67.

THOR Industries (NYSE:THO - Get Free Report) last announced its quarterly earnings data on Tuesday, September 24th. The construction company reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.33. THOR Industries had a net margin of 2.64% and a return on equity of 7.02%. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same period last year, the firm posted $1.68 EPS. The company's revenue was down 7.4% on a year-over-year basis. As a group, research analysts anticipate that THOR Industries will post 4.85 EPS for the current year.

Insider Buying and Selling

In related news, VP Colleen A. Zuhl sold 4,354 shares of the company's stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total transaction of $500,710.00. Following the transaction, the vice president now directly owns 131,905 shares in the company, valued at approximately $15,169,075. This represents a 3.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Franklin Resources Inc. purchased a new stake in shares of THOR Industries in the third quarter worth approximately $233,000. Sanctuary Advisors LLC increased its stake in THOR Industries by 2.1% in the third quarter. Sanctuary Advisors LLC now owns 21,501 shares of the construction company's stock worth $2,412,000 after purchasing an additional 442 shares during the period. Anchor Investment Management LLC bought a new stake in shares of THOR Industries during the third quarter worth $58,000. Geode Capital Management LLC boosted its stake in shares of THOR Industries by 1.4% during the third 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 period. Finally, MML Investors Services LLC grew its holdings in shares of THOR Industries by 10.2% in the third quarter. MML Investors Services LLC now owns 10,556 shares of the construction company's stock worth $1,160,000 after purchasing an additional 976 shares during the last quarter. Hedge funds and other institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.