Wunderlich Downgrades Thor Industries to Hold

Brokerage firm Wunderlich Downgrades its rating on Thor Industries(NYSE:THO). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Wunderlich was issued on Aug 19, 2016.

In a different note, On Jul 29, 2016, SunTrust Robinson Humphrey said it Upgrades its rating on Thor Industries. The shares have been rated ‘Buy’ by the firm. On Jun 8, 2016, BMO Capital said it Downgrades its rating on Thor Industries. In the research note, the firm Lowers the price-target to $72.00 per share. The shares have been rated ‘Market Perform’ by the firm.

Thor Industries (THO) made into the market gainers list on Mondays trading session with the shares advancing 1.56% or 1.25 points. Due to strong positive momentum, the stock ended at $81.49, which is also near the day’s high of $81.55. The stock began the session at $80.93 and the volume stood at 5,14,765 shares. The 52-week high of the shares is $81.28 and the 52 week low is $47.56. The company has a current market capitalization of $4,277 M and it has 5,24,82,615 shares in outstanding.

Thor Industries(THO) last announced its earnings results on Jun 6, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $1.28B. Analysts had an estimated revenue of $1.29B. Earnings per share were $1.51. Analysts had estimated an EPS of $1.43.

Several Insider Transactions has been reported to the SEC. On Dec 2, 2015, Peter Busch Orthwein (Exec. Chairman of the Board) sold 8,625 shares at $58.01 per share price.

Thor Industries Inc. (Thor) manufactures and sells various recreational vehicles (RV) throughout the United States and Canada as well as related parts and accessories. The principal types of The Company’s towable recreational vehicles that the Company produces include conventional travel trailers and fifth wheels. In addition it also produces truck and folding campers and equestrian and other specialty towable recreational vehicles as well as Class A Class C and Class B motorhomes. The Company operates through two segments: towable recreational vehicles and motorized recreational vehicles. The Company through its operating subsidiaries manufactures recreational vehicles in North America. The subsidiaries are Airstream Inc. CrossRoads RV Thor Motor Coach Inc. Keystone RV Company Heartland Recreational Vehicles LLC Livin’ Lite RV Inc. Bison Coach K.Z. Inc. and Postle Operating LLC.

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