THOR Industries’ (THO) Underweight Rating Reiterated at KeyCorp

THOR Industries (NYSE:THO)‘s stock had its “underweight” rating reaffirmed by stock analysts at KeyCorp in a research report issued to clients and investors on Thursday, Marketbeat.com reports. They currently have a $65.00 price target on the construction company’s stock. KeyCorp’s price objective would suggest a potential downside of 19.92% from the stock’s current price.

THO has been the topic of several other research reports. Robert W. Baird cut their price target on THOR Industries from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Bank of America upgraded THOR Industries from a “neutral” rating to a “buy” rating and upped their price target for the stock from $110.00 to $125.00 in a report on Monday, March 3rd. Citigroup downgraded THOR Industries from a “buy” rating to a “neutral” rating and cut their price target for the stock from $94.00 to $86.00 in a report on Wednesday. StockNews.com upgraded THOR Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Finally, Benchmark restated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, THOR Industries presently has a consensus rating of “Hold” and a consensus price target of $93.00.

THOR Industries Price Performance

THO opened at $81.17 on Thursday. The stock’s 50-day moving average price is $96.69 and its 200 day moving average price is $102.36. THOR Industries has a 12-month low of $75.78 and a 12-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 firm has a market cap of $4.32 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 1.16 and a beta of 1.74.

THOR Industries (NYSE:THO) last posted its earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.08). THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The firm 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 company posted $0.13 EPS. THOR Industries’s revenue was down 8.6% on a year-over-year basis. As a group, sell-side analysts expect that THOR Industries will post 4.64 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC increased its holdings in shares of THOR Industries by 34.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,141 shares of the construction company’s stock valued at $492,000 after acquiring an additional 1,328 shares during the last quarter. Castlekeep Investment Advisors LLC purchased a new position in THOR Industries during the 4th quarter worth approximately $440,000. Neo Ivy Capital Management grew its stake in THOR Industries by 11.7% during the 4th quarter. Neo Ivy Capital Management now owns 2,451 shares of the construction company’s stock worth $234,000 after buying an additional 257 shares during the last quarter. Waverly Advisors LLC grew its stake in THOR Industries by 57.6% during the 4th quarter. Waverly Advisors LLC now owns 5,535 shares of the construction company’s stock worth $530,000 after buying an additional 2,023 shares during the last quarter. Finally, Vident Advisory LLC grew its stake in THOR Industries by 10.5% during the 4th quarter. Vident Advisory LLC now owns 9,431 shares of the construction company’s stock worth $903,000 after buying an additional 897 shares during the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Company Profile

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.