ValuEngine Downgrades Thor Industries (NYSE:THO) to Strong Sell

Thor Industries (NYSE:THO) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Monday, February 4th.

Several other brokerages also recently issued reports on THO. Canaccord Genuity reissued an “average” rating on shares of Thor Industries in a research note on Tuesday, November 13th. BMO Capital Markets reissued a “buy” rating on shares of Thor Industries in a research note on Wednesday, November 7th. Robert W. Baird reaffirmed a “buy” rating and set a $95.00 price target on shares of Thor Industries in a research report on Monday, October 29th. SunTrust Banks reaffirmed a “buy” rating and set a $85.00 price target on shares of Thor Industries in a research report on Thursday, December 6th. Finally, TheStreet lowered shares of Thor Industries from a “b-” rating to a “c+” rating in a research report on Thursday, November 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. Thor Industries currently has an average rating of “Hold” and a consensus target price of $100.00.

THO stock traded up $1.06 during trading on Monday, reaching $65.63. 645,264 shares of the company were exchanged, compared to its average volume of 697,852. Thor Industries has a 52-week low of $47.71 and a 52-week high of $129.39. The company has a market cap of $3.69 billion, a P/E ratio of 7.68 and a beta of 1.74.

Thor Industries (NYSE:THO) last announced its quarterly earnings results on Thursday, December 6th. The construction company reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($0.39). Thor Industries had a net margin of 4.02% and a return on equity of 21.09%. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period last year, the company earned $2.43 EPS. The firm’s revenue for the quarter was down 21.3% on a year-over-year basis. As a group, analysts predict that Thor Industries will post 5.7 earnings per share for the current year.

In other Thor Industries news, Director Jan Suwinski purchased 2,000 shares of Thor Industries stock in a transaction dated Tuesday, December 11th. The shares were bought at an average cost of $58.20 per share, for a total transaction of $116,400.00. Following the transaction, the director now owns 18,263 shares in the company, valued at approximately $1,062,906.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Peter Busch Orthwein sold 5,028 shares of the firm’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $69.63, for a total transaction of $350,099.64. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in THO. Patten Group Inc. increased its stake in Thor Industries by 40.0% during the 4th quarter. Patten Group Inc. now owns 560 shares of the construction company’s stock valued at $29,000 after buying an additional 160 shares during the period. Howe & Rusling Inc. increased its stake in Thor Industries by 4.6% during the 4th quarter. Howe & Rusling Inc. now owns 4,404 shares of the construction company’s stock valued at $229,000 after buying an additional 195 shares during the period. Private Capital Group LLC increased its stake in Thor Industries by 56.1% during the 4th quarter. Private Capital Group LLC now owns 584 shares of the construction company’s stock valued at $31,000 after buying an additional 210 shares during the period. Comerica Bank grew its stake in shares of Thor Industries by 0.8% in the 4th quarter. Comerica Bank now owns 34,970 shares of the construction company’s stock worth $2,248,000 after purchasing an additional 289 shares during the last quarter. Finally, FTB Advisors Inc. grew its stake 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 purchasing an additional 347 shares during the last quarter. 87.53% 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.

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Analyst Recommendations for Thor Industries (NYSE:THO)

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