THOR Industries (NYSE:THO) Given New $90.00 Price Target at Truist Financial

THOR Industries (NYSE:THO) had its target price reduced by analysts at Truist Financial from $110.00 to $90.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “hold” rating on the construction company’s stock. Truist Financial’s price objective points to a potential upside of 8.71% from the stock’s current price.

THO has been the subject of a number of other research reports. BMO Capital Markets cut their target price on shares of THOR Industries from $120.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday. Robert W. Baird reduced their price objective on THOR Industries from $110.00 to $100.00 and set an “outperform” rating for the company in a research report on Thursday. StockNews.com raised shares of THOR Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Bank of America raised shares of THOR Industries from a “neutral” rating to a “buy” rating and increased their price target for the company from $110.00 to $125.00 in a report on Monday. Finally, Benchmark restated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $106.50.

THOR Industries Stock Up 1.7 %

Shares of THO traded up $1.39 during mid-day trading on Thursday, hitting $82.79. 208,657 shares of the company’s stock were exchanged, compared to its average volume of 674,249. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 21.17, a P/E/G ratio of 1.16 and a beta of 1.69. THOR Industries has a twelve month low of $78.88 and a twelve month high of $118.85. The firm has a fifty day moving average of $99.81 and a two-hundred day moving average of $104.20.

THOR Industries (NYSE:THO) last released its quarterly 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 company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the company posted $0.13 EPS. The business’s revenue was down 8.6% compared to the same quarter last year. On average, sell-side analysts forecast that THOR Industries will post 4.64 earnings per share for the current year.

Hedge Funds Weigh In On THOR Industries

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Castlekeep Investment Advisors LLC bought a new position in shares of THOR Industries during the fourth quarter valued at $440,000. Neo Ivy Capital Management boosted its position in THOR Industries by 11.7% in the fourth quarter. Neo Ivy Capital Management now owns 2,451 shares of the construction company’s stock valued at $234,000 after buying an additional 257 shares in the last quarter. Waverly Advisors LLC increased its holdings in shares of THOR Industries by 57.6% during the fourth 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 in the last quarter. Vident Advisory LLC raised its stake in shares of THOR Industries by 10.5% in the fourth quarter. Vident Advisory LLC now owns 9,431 shares of the construction company’s stock valued at $903,000 after acquiring an additional 897 shares during the last quarter. Finally, Southpoint Capital Advisors LP boosted its holdings in shares of THOR Industries by 73.2% in the 4th quarter. Southpoint Capital Advisors LP now owns 606,149 shares of the construction company’s stock worth $58,015,000 after acquiring an additional 256,149 shares in the last quarter. 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.