BMO Capital Markets Reiterates “Outperform” Rating for THOR Industries (NYSE:THO)

THOR Industries (NYSE:THO)‘s stock had its “outperform” rating reissued by equities researchers at BMO Capital Markets in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $120.00 price target on the construction company’s stock. BMO Capital Markets’ target price points to a potential upside of 16.03% from the company’s current price.

Several other equities research analysts have also recently commented on the company. Citigroup lowered their price target on THOR Industries from $120.00 to $113.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Benchmark started coverage on shares of THOR Industries in a research report on Thursday, July 18th. They issued a “hold” rating for the company. Robert W. Baird cut their price target on shares of THOR Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, June 6th. Finally, Truist Financial decreased their price objective on shares of THOR Industries from $100.00 to $95.00 and set a “hold” rating for the company in a report on Thursday, June 6th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $104.00.

THOR Industries Price Performance

THO opened at $103.42 on Thursday. The stock has a fifty day moving average price of $102.30 and a 200 day moving average price of $101.59. The company has a current ratio of 1.65, a quick ratio of 0.74 and a debt-to-equity ratio of 0.30. THOR Industries has a 1 year low of $84.54 and a 1 year high of $129.31. The stock has a market cap of $5.50 billion, a price-to-earnings ratio of 21.00 and a beta of 1.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank bought a new position in shares of THOR Industries in the fourth quarter worth about $65,391,000. Pacer Advisors Inc. boosted its stake in THOR Industries by 35.1% during the 2nd quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company’s stock valued at $106,567,000 after purchasing an additional 296,583 shares during the period. Dimensional Fund Advisors LP grew its holdings in THOR Industries by 6.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock valued at $271,097,000 after buying an additional 187,019 shares during the last quarter. Scout Investments Inc. increased its position in THOR Industries by 89.7% in the 4th quarter. Scout Investments Inc. now owns 239,396 shares of the construction company’s stock worth $28,309,000 after buying an additional 113,201 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of THOR Industries by 12.2% during the second quarter. American Century Companies Inc. now owns 723,910 shares of the construction company’s stock worth $67,649,000 after buying an additional 78,832 shares during the last quarter. 96.71% of the stock is currently owned by institutional investors and hedge funds.

About THOR Industries

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.