Robert W. Baird Issues Pessimistic Forecast for THOR Industries (NYSE:THO) Stock Price

THOR Industries (NYSE:THO) had its target price decreased by equities researchers at Robert W. Baird from $110.00 to $100.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the construction company’s stock. Robert W. Baird’s target price suggests a potential upside of 22.75% from the company’s previous close.

THO has been the subject of a number of other reports. Bank of America raised THOR Industries from a “neutral” rating to a “buy” rating and raised their price target for the company from $110.00 to $125.00 in a report on Monday. StockNews.com raised THOR Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Truist Financial increased their price objective on shares of THOR Industries from $98.00 to $110.00 and gave the stock a “hold” rating in a report on Monday, February 10th. Finally, Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $112.33.

THOR Industries Stock Performance

THOR Industries stock opened at $81.47 on Thursday. The firm has a market capitalization of $4.34 billion, a P/E ratio of 20.84, a P/E/G ratio of 1.16 and a beta of 1.69. The stock has a fifty day moving average price of $99.81 and a two-hundred day moving average price of $104.20. THOR Industries has a 52-week low of $78.88 and a 52-week high of $118.85. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78.

THOR Industries (NYSE:THO) last announced its earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.13 EPS. As a group, analysts anticipate that THOR Industries will post 4.64 EPS for the current fiscal year.

Institutional Trading of THOR Industries

Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in THOR Industries by 37.7% in the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock valued at $165,078,000 after buying an additional 411,466 shares during the period. Natixis Advisors LLC boosted its holdings in shares of THOR Industries by 51.3% in the third quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock valued at $55,486,000 after buying an additional 171,244 shares during the period. State Street Corp boosted its stake in THOR Industries by 2.1% in the 3rd quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock worth $178,462,000 after purchasing an additional 33,619 shares during the period. Radnor Capital Management LLC bought a new position in shares of THOR Industries during the third quarter worth about $631,000. Finally, Consolidated Planning Corp acquired a new stake in shares of THOR Industries in the third quarter valued at approximately $620,000. 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.