Thor Industries, Inc. (NYSE:THO) Given Consensus Recommendation of “Hold” by Brokerages

Thor Industries, Inc. (NYSE:THOGet Rating) has been given a consensus recommendation of “Hold” by the eleven research firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $86.11.

A number of equities analysts have recently commented on the company. Truist Financial lowered their price objective on Thor Industries to $75.00 in a research report on Thursday, May 26th. StockNews.com raised Thor Industries from a “hold” rating to a “buy” rating in a report on Saturday, September 3rd. Finally, Robert W. Baird lowered their price target on Thor Industries from $120.00 to $100.00 and set an “outperform” rating for the company in a report on Thursday, June 9th.

Thor Industries Stock Performance

Shares of Thor Industries stock opened at $70.33 on Friday. Thor Industries has a one year low of $66.26 and a one year high of $128.87. The company has a market cap of $3.84 billion, a PE ratio of 3.59 and a beta of 1.71. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.82 and a current ratio of 1.70. The business has a 50-day simple moving average of $83.24 and a 200-day simple moving average of $80.56.

Insider Activity

In other news, Director Peter Busch Orthwein acquired 3,000 shares of the firm’s stock in a transaction dated Wednesday, June 29th. The stock was acquired at an average cost of $76.00 per share, with a total value of $228,000.00. Following the completion of the acquisition, the director now owns 133,400 shares of the company’s stock, valued at $10,138,400. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In related news, COO W. Todd Woelfer purchased 1,225 shares of the business’s stock in a transaction dated Tuesday, July 12th. The stock was acquired at an average price of $81.55 per share, for a total transaction of $99,898.75. Following the completion of the purchase, the chief operating officer now directly owns 70,325 shares of the company’s stock, valued at $5,735,003.75. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Peter Busch Orthwein purchased 3,000 shares of the business’s stock in a transaction dated Wednesday, June 29th. The shares were bought at an average price of $76.00 per share, with a total value of $228,000.00. Following the purchase, the director now directly owns 133,400 shares of the company’s stock, valued at $10,138,400. The disclosure for this purchase can be found here. Corporate insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On Thor Industries

Large investors have recently modified their holdings of the stock. Skandinaviska Enskilda Banken AB publ purchased a new position in Thor Industries in the first quarter worth $31,000. Northwestern Mutual Wealth Management Co. raised its position in Thor Industries by 52.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 445 shares of the construction company’s stock worth $33,000 after acquiring an additional 153 shares in the last quarter. CoreCap Advisors LLC purchased a new position in Thor Industries in the second quarter worth $36,000. Steward Partners Investment Advisory LLC raised its position in Thor Industries by 133.5% in the first 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 in the last quarter. Finally, Quent Capital LLC raised its position in Thor Industries by 97.5% in the first quarter. Quent Capital LLC now owns 549 shares of the construction company’s stock worth $43,000 after acquiring an additional 271 shares in the last quarter. Hedge funds and other institutional investors own 98.63% of the company’s stock.

About Thor Industries

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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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Analyst Recommendations for Thor Industries (NYSE:THO)

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