THOR Industries (NYSE:THO) Downgraded by Citigroup to Neutral

THOR Industries (NYSE:THO) was downgraded by analysts at Citigroup from a “buy” rating to a “neutral” rating in a note issued to investors on Wednesday,Finviz reports. They currently have a $86.00 price target on the construction company’s stock, down from their prior price target of $94.00. Citigroup’s price target suggests a potential upside of 4.99% from the stock’s previous close.

Several other equities analysts have also recently issued reports on THO. Robert W. Baird reduced their price objective on THOR Industries from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Benchmark restated a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. StockNews.com upgraded THOR Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Truist Financial reduced their price objective on THOR Industries from $110.00 to $90.00 and set a “hold” rating on the stock in a research note on Thursday, March 6th. Finally, DA Davidson reduced their price objective on THOR Industries from $95.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $97.67.

THOR Industries Stock Up 0.1 %

THO stock opened at $81.92 on Wednesday. THOR Industries has a twelve month low of $75.78 and a twelve month high of $118.85. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $4.36 billion, a P/E ratio of 20.95, a PEG ratio of 1.16 and a beta of 1.74. The firm has a 50 day simple moving average of $96.97 and a 200-day simple moving average of $102.50.

THOR Industries (NYSE:THO) last released its quarterly earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the business posted $0.13 EPS. The firm’s quarterly revenue was down 8.6% compared to the same quarter last year. On average, equities research analysts predict that THOR Industries will post 4.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On THOR Industries

A number of hedge funds have recently added to or reduced their stakes in THO. KBC Group NV raised its stake in shares of THOR Industries by 19.0% during the third quarter. KBC Group NV now owns 1,558 shares of the construction company’s stock valued at $171,000 after purchasing an additional 249 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of THOR Industries by 10.0% during the third quarter. PNC Financial Services Group Inc. now owns 17,557 shares of the construction company’s stock valued at $1,929,000 after purchasing an additional 1,597 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in shares of THOR Industries during the third quarter valued at about $136,000. Pacer Advisors Inc. raised its stake in shares of THOR Industries by 2.8% during the third quarter. Pacer Advisors Inc. now owns 1,171,779 shares of the construction company’s stock valued at $128,767,000 after purchasing an additional 31,416 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of THOR Industries by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 601,435 shares of the construction company’s stock valued at $66,092,000 after purchasing an additional 15,018 shares in the last quarter. 96.71% of the stock is currently owned by institutional investors.

About THOR Industries

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.