Thor Industries Inc. (NYSE:THO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Thor Industries manufactures a wide range of recreational vehicles (RVs) at various manufacturing facilities located in Indiana and Ohio and sold through independent dealers in the U.S. and Canada. “

THO has been the subject of several other research reports. SunTrust Banks Inc. raised Thor Industries from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $65.00 to $90.00 in a report on Friday, July 29th. Northcoast Research raised Thor Industries from a “neutral” rating to a “buy” rating and set a $95.00 price objective for the company in a report on Tuesday, September 13th. Wunderlich lowered Thor Industries from a “buy” rating to a “hold” rating and set a $80.00 price objective for the company. in a report on Friday, August 19th. Wellington Shields raised Thor Industries from a “hold” rating to a “gradually accumulate” rating in a report on Monday, June 27th. Finally, BMO Capital Markets lowered Thor Industries from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $72.00 to $67.00 in a report on Wednesday, June 8th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $77.29.

Thor Industries (NYSE:THO) opened at 79.65 on Wednesday. Thor Industries has a 1-year low of $47.56 and a 1-year high of $83.62. The stock has a 50 day moving average price of $79.10 and a 200 day moving average price of $68.84. The firm has a market cap of $4.18 billion, a P/E ratio of 17.29 and a beta of 1.17.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. increased its stake in shares of Thor Industries by 161.3% in the first quarter. Goldman Sachs Group Inc. now owns 410,690 shares of the company’s stock worth $26,190,000 after buying an additional 253,519 shares during the period. State Street Corp increased its stake in shares of Thor Industries by 2.8% in the first quarter. State Street Corp now owns 1,266,763 shares of the company’s stock worth $80,778,000 after buying an additional 33,973 shares during the period. Springbok Capital Management LLC increased its stake in shares of Thor Industries by 486.5% in the first quarter. Springbok Capital Management LLC now owns 10,100 shares of the company’s stock worth $644,000 after buying an additional 8,378 shares during the period. Riverhead Capital Management LLC increased its stake in shares of Thor Industries by 0.8% in the first quarter. Riverhead Capital Management LLC now owns 8,970 shares of the company’s stock worth $572,000 after buying an additional 70 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Thor Industries by 0.4% in the first quarter. Geode Capital Management LLC now owns 314,039 shares of the company’s stock worth $20,026,000 after buying an additional 1,249 shares during the period. Institutional investors and hedge funds own 85.69% of the company’s stock.

Thor Industries Company Profile

Thor Industries, Inc (Thor), manufactures and sells various recreational vehicles (RV) throughout the United States and Canada, as well as related parts and accessories. The principal types of The Company’s towable recreational vehicles that the Company produces include conventional travel trailers and fifth wheels.

5 Day Chart for NYSE:THO

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