Jefferies Financial Group started coverage on shares of Thor Industries (NYSE:THO) in a research note issued on Thursday, March 28th, MarketBeat reports. The firm set a “hold” rating and a $65.00 price target on the construction company’s stock. Jefferies Financial Group’s target price would indicate a potential downside of 6.52% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on the company. SunTrust Banks reaffirmed a “buy” rating and set a $85.00 price objective on shares of Thor Industries in a report on Thursday, December 6th. BMO Capital Markets decreased their price objective on Thor Industries to $78.00 and set an “outperform” rating on the stock in a report on Monday, December 10th. ValuEngine raised Thor Industries from a “strong sell” rating to a “sell” rating in a report on Tuesday, January 15th. Finally, Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a report on Friday, February 15th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $90.44.
THO stock traded down $1.52 during trading on Thursday, reaching $69.53. 1,180,141 shares of the stock were exchanged, compared to its average volume of 782,788. Thor Industries has a twelve month low of $47.71 and a twelve month high of $111.39. The company has a market cap of $3.83 billion, a PE ratio of 8.13, a price-to-earnings-growth ratio of 0.83 and a beta of 1.70.
Several institutional investors and hedge funds have recently made changes to their positions in THO. FTB Advisors Inc. boosted its holdings in shares of Thor Industries by 155.6% in the 4th quarter. FTB Advisors Inc. now owns 570 shares of the construction company’s stock worth $29,000 after acquiring an additional 347 shares in the last quarter. Patten Group Inc. boosted its holdings in shares of Thor Industries by 40.0% in the 4th quarter. Patten Group Inc. now owns 560 shares of the construction company’s stock worth $29,000 after acquiring an additional 160 shares in the last quarter. Resources Investment Advisors Inc. acquired a new position in shares of Thor Industries in the 4th quarter worth approximately $30,000. Private Capital Group LLC boosted its holdings in shares of Thor Industries by 56.1% in the 4th quarter. Private Capital Group LLC now owns 584 shares of the construction company’s stock worth $31,000 after acquiring an additional 210 shares in the last quarter. Finally, Exane Derivatives acquired a new position in shares of Thor Industries in the 4th quarter worth approximately $33,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.
Thor Industries Company Profile
Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories primarily in the United States and Canada. It operates in two segments, Towable Recreational Vehicles and Motorized Recreational Vehicles. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, Basecamp, and Nest travel trade names, as well as Interstate series of Class B motorhomes; and gasoline and diesel Class A and Class C motorhomes under the Four Winds, Freedom Elite, Majestic, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, and A.C.E trade names.
Featured Article: What is a Call Option?
Receive News & Ratings for Thor Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thor Industries and related companies with MarketBeat.com's FREE daily email newsletter.