Thor Industries (NYSE:THO) Downgraded by DA Davidson

Thor Industries (NYSE:THO – Get Rating) was downgraded by analysts at DA Davidson from a “neutral” rating to an “underperform” rating in a research report issued on Thursday, The Fly reports.

Other research analysts have also issued reports about the stock. BNP Paribas lowered shares of Thor Industries from a “neutral” rating to an “underperform” rating and set a $65.00 target price on the stock. in a report on Wednesday, April 13th. Citigroup reduced their price objective on shares of Thor Industries from $92.00 to $86.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 19th. Exane BNP Paribas cut shares of Thor Industries from a “neutral” rating to an “underperform” rating and set a $65.00 target price for the company. in a research note on Wednesday, April 13th. Robert W. Baird reduced their price target on Thor Industries from $150.00 to $120.00 in a research note on Thursday, March 10th. Finally, Truist Financial cut Thor Industries from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $125.00 to $100.00 in a report on Wednesday, March 2nd. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Thor Industries currently has a consensus rating of “Hold” and a consensus target price of $99.55.

Shares of Thor Industries stock opened at $74.73 on Thursday. Thor Industries has a 1 year low of $73.50 and a 1 year high of $128.87. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.68 and a quick ratio of 0.80. The business has a 50 day moving average price of $81.47 and a 200 day moving average price of $93.59. The company has a market capitalization of $4.11 billion, a P/E ratio of 4.52 and a beta of 1.82.

Thor Industries (NYSE:THO – Get Rating) last released its quarterly earnings results on Wednesday, March 9th. The construction company reported $4.79 earnings per share for the quarter, topping the consensus estimate of $3.39 by $1.40. Thor Industries had a return on equity of 30.51% and a net margin of 6.20%. The company had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter last year, the business posted $2.38 earnings per share. Thor Industries’s revenue was up 42.1% compared to the same quarter last year. As a group, research analysts expect that Thor Industries will post 17.95 EPS for the current fiscal year.

In other Thor Industries news, Director James L. Ziemer bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 5th. The stock was purchased at an average price of $80.53 per share, with a total value of $805,300.00. Following the transaction, the director now owns 29,835 shares in the company, valued at $2,402,612.55. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.30% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Paragon Capital Management Ltd purchased a new position in Thor Industries in the fourth quarter valued at about $26,000. Liberty Wealth Management LLC grew its stake in shares of Thor Industries by 1,425.0% in the third quarter. Liberty Wealth Management LLC now owns 244 shares of the construction company’s stock valued at $28,000 after buying an additional 228 shares in the last quarter. Quent Capital LLC purchased a new stake in shares of Thor Industries during the 4th quarter valued at about $29,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Thor Industries during the 1st quarter valued at about $31,000. Finally, Steward Partners Investment Advisory LLC boosted its holdings in Thor Industries by 133.5% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 509 shares of the construction company’s stock worth $40,000 after acquiring an additional 291 shares during the period. 93.11% of the stock is owned by hedge funds and other institutional investors.

About Thor Industries (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.

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