Thor Industries (NYSE:THO) Coverage Initiated at Loop Capital

Research analysts at Loop Capital began coverage on shares of Thor Industries (NYSE:THO) in a note issued to investors on Friday, Marketbeat Ratings reports. The firm set a “hold” rating and a $110.00 price target on the RV manufacturer’s stock. Loop Capital’s target price would suggest a potential upside of 5.25% from the stock’s previous close.

THO has been the topic of a number of other reports. Zacks Research upgraded shares of Thor Industries from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 3rd. Roth Capital set a $93.00 target price on shares of Thor Industries and gave the company a “neutral” rating in a research report on Wednesday, September 17th. KeyCorp upgraded shares of Thor Industries from an “underweight” rating to a “sector weight” rating in a research note on Friday, August 1st. BMO Capital Markets lifted their price target on shares of Thor Industries from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, September 26th. Finally, Robert W. Baird increased their price objective on Thor Industries from $90.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, September 25th. Two equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $104.67.

Thor Industries Price Performance

Shares of THO stock opened at $104.52 on Friday. Thor Industries has a 1-year low of $63.15 and a 1-year high of $118.85. The stock’s 50-day moving average is $106.48 and its 200 day moving average is $93.89. The company has a market cap of $5.50 billion, a P/E ratio of 25.06, a PEG ratio of 1.81 and a beta of 1.35. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 0.90.

Hedge Funds Weigh In On Thor Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in THO. Hantz Financial Services Inc. grew its stake in Thor Industries by 2,463.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 282 shares of the RV manufacturer’s stock valued at $25,000 after purchasing an additional 271 shares during the last quarter. Country Trust Bank lifted its holdings in shares of Thor Industries by 50.0% during the second quarter. Country Trust Bank now owns 300 shares of the RV manufacturer’s stock worth $27,000 after purchasing an additional 100 shares during the period. Curio Wealth LLC lifted its holdings in shares of Thor Industries by 33,300.0% during the second quarter. Curio Wealth LLC now owns 334 shares of the RV manufacturer’s stock worth $30,000 after purchasing an additional 333 shares during the period. MAI Capital Management boosted its position in Thor Industries by 174.8% in the second quarter. MAI Capital Management now owns 371 shares of the RV manufacturer’s stock valued at $33,000 after buying an additional 236 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in Thor Industries by 86.6% in the 2nd quarter. Signaturefd LLC now owns 446 shares of the RV manufacturer’s stock worth $40,000 after buying an additional 207 shares during the period. 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.