Thor Industries (NYSE:THO) Downgraded by Exane BNP Paribas to “Underperform”

Thor Industries (NYSE:THOGet Rating) was downgraded by stock analysts at Exane BNP Paribas from a “neutral” rating to an “underperform” rating in a research note issued on Wednesday, The Fly reports. They presently have a $65.00 price target on the construction company’s stock. Exane BNP Paribas’ target price points to a potential downside of 18.74% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the company. StockNews.com started coverage on Thor Industries in a research report on Thursday, March 31st. They set a “hold” rating for the company. DA Davidson began coverage on Thor Industries in a report on Wednesday. They issued a “neutral” rating and a $78.00 price objective for the company. Citigroup assumed coverage on shares of Thor Industries in a report on Thursday, February 10th. They set a “neutral” rating and a $100.00 target price on the stock. Truist Financial cut shares of Thor Industries from a “buy” rating to a “hold” rating and lowered their price target for the stock from $125.00 to $100.00 in a research report on Wednesday, March 2nd. Finally, BNP Paribas lowered shares of Thor Industries from a “neutral” rating to an “underperform” rating and set a $65.00 price objective on the stock. in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Thor Industries currently has an average rating of “Hold” and a consensus target price of $106.50.

THO stock opened at $79.99 on Wednesday. Thor Industries has a twelve month low of $76.36 and a twelve month high of $149.38. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of 4.84 and a beta of 1.94. The company has a quick ratio of 0.80, a current ratio of 1.68 and a debt-to-equity ratio of 0.67. The firm’s fifty day simple moving average is $86.75 and its two-hundred day simple moving average is $99.27.

Thor Industries (NYSE:THOGet Rating) last released its earnings results on Wednesday, March 9th. The construction company reported $4.79 EPS for the quarter, beating analysts’ consensus estimates of $3.39 by $1.40. Thor Industries had a return on equity of 30.51% and a net margin of 6.20%. The firm had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.53 billion. During the same quarter in the prior year, the firm posted $2.38 earnings per share. The company’s quarterly revenue was up 42.1% on a year-over-year basis. As a group, equities research analysts expect that Thor Industries will post 17.97 EPS for the current year.

Thor Industries announced that its Board of Directors has authorized a share buyback program on Tuesday, December 21st that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 4.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

In related news, Director James L. Ziemer acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, April 5th. The shares were purchased at an average cost of $80.53 per share, with a total value of $805,300.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Thor Industries by 4.0% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,413,824 shares of the construction company’s stock valued at $664,603,000 after acquiring an additional 209,130 shares during the period. BlackRock Inc. lifted its position in Thor Industries by 3.9% during the fourth quarter. BlackRock Inc. now owns 4,676,061 shares of the construction company’s stock valued at $485,235,000 after purchasing an additional 173,556 shares during the period. State Street Corp lifted its position in Thor Industries by 2.4% during the fourth quarter. State Street Corp now owns 1,409,914 shares of the construction company’s stock valued at $146,911,000 after purchasing an additional 32,662 shares during the period. Timucuan Asset Management Inc. FL boosted its holdings in Thor Industries by 18.9% in the third quarter. Timucuan Asset Management Inc. FL now owns 1,257,487 shares of the construction company’s stock valued at $154,369,000 after purchasing an additional 200,248 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Thor Industries by 14.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 985,370 shares of the construction company’s stock worth $102,252,000 after purchasing an additional 128,139 shares during the period. Hedge funds and other institutional investors own 89.61% of the company’s stock.

Thor Industries Company Profile (Get Rating)

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.

Featured Articles

The Fly logo

Analyst Recommendations for Thor Industries (NYSE:THO)

Receive News & Ratings for Thor Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thor Industries and related companies with MarketBeat.com's FREE daily email newsletter.