THOR Industries' Rating Upgraded to 'Hold' by StockNews.com

THOR Industries (NYSE:THO) has received an upward revision in its stock rating from StockNews.com, which changed its previous "sell" rating to a new "hold" rating in a recent research note released on Saturday.

There have been several discussions around THOR Industries in various research reports. For instance, Truist Financial previously adjusted their target price for the company's shares, lowering it from $105.00 to $98.00 while maintaining a "hold" rating as per their research report published on January 7th. Similarly, Benchmark reiterated their stance on THOR Industries, continuing with a "hold" rating in their report dated December 3rd. DA Davidson also reaffirmed a "neutral" rating along with a price target of $95.00 for the shares on September 30th. Additionally, Bank of America started covering THOR Industries, assigning a "neutral" rating with a target price of $120.00 on December 13th. According to data from MarketBeat.com, the consensus opinion among research analysts is currently set to "hold," with an average target price approximating $111.17.

Recent Stock Performance

On the trading day prior to the upgrade, shares of THOR Industries opened at $100.24. Over the past year, the stock has seen a low of $88.37 and a high reaching $129.31. The company's financial ratios indicate a current ratio of 1.71 and a quick ratio of 0.78, reflecting its liquidity positions. Furthermore, THOR Industries maintains a debt-to-equity ratio of 0.26, and its market capitalization stands at approximately $5.33 billion, with a P/E ratio of 25.64 and a PEG ratio of 1.19. The stock also has a beta value of 1.68, and its 50-day and 200-day moving averages are $102.22 and $103.87 respectively.

Institutional Holdings in THOR Industries

Recent activities show that several institutional investors have adjusted their positions in THOR Industries. Notably, JPMorgan Chase & Co. ramped up their holdings by 37.7% in the third quarter, acquiring an additional 411,466 shares, totaling 1,502,208 shares valued at $165,078,000. Natixis Advisors LLC also increased its stake in the company by 51.3%, now holding 504,922 shares, valued at $55,486,000 after adding 171,244 shares during the same period. Likewise, State Street Corp grew its holdings in THOR Industries by 2.1%, now owning a total of 1,624,002 shares with a value of $178,462,000 after buying more shares. Furthermore, Jade Capital Advisors LLC and Radnor Capital Management LLC also made new investments in the company's shares during the third quarter. It's significant to note that institutional investors hold 96.71% of THOR Industries' stock.

About THOR Industries

THOR Industries, Inc specializes in the design, manufacturing, and sale of recreational vehicles (RVs) along with various parts and accessories across the United States, Canada, and Europe. Their product line includes multiple types of recreational vehicles such as travel trailers, Class A, B, and C motorhomes powered by gasoline and diesel, conventional travel trailers, fifth wheels, luxury fifth wheels, and different camper vehicles.

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