THOR Industries (NYSE:THO) Cut to “Neutral” at Citigroup

Citigroup cut shares of THOR Industries (NYSE:THO) from a buy rating to a neutral rating in a research note released on Wednesday morning, MarketBeat reports. They currently have $86.00 price objective on the construction company’s stock, down from their prior price objective of $94.00.

Several other research analysts have also weighed in on THO. Truist Financial cut their price objective on shares of THOR Industries from $110.00 to $90.00 and set a “hold” rating on the stock in a report on Thursday, March 6th. Bank of America upgraded shares of THOR Industries from a “neutral” rating to a “buy” rating and lifted their price target for the company from $110.00 to $125.00 in a report on Monday, March 3rd. StockNews.com upgraded THOR Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Benchmark reiterated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Finally, DA Davidson dropped their price target on THOR Industries from $95.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, THOR Industries presently has an average rating of “Hold” and an average price target of $93.00.

THOR Industries Stock Down 1.4 %

THO stock opened at $79.11 on Wednesday. The company has a 50 day moving average price of $96.10 and a two-hundred day moving average price of $102.01. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. The stock has a market capitalization of $4.21 billion, a P/E ratio of 20.23, a PEG ratio of 1.16 and a beta of 1.74. THOR Industries has a one year low of $75.78 and a one year high of $118.85.

THOR Industries (NYSE:THO) last posted its quarterly earnings data 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 business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the business earned $0.13 EPS. THOR Industries’s revenue for the quarter was down 8.6% compared to the same quarter last year. As a group, sell-side analysts expect that THOR Industries will post 4.64 EPS for the current year.

Institutional Investors Weigh In On THOR Industries

Several institutional investors and hedge funds have recently modified their holdings of THO. Venturi Wealth Management LLC grew its holdings in THOR Industries by 1.7% during the 4th quarter. Venturi Wealth Management LLC now owns 6,312 shares of the construction company’s stock worth $604,000 after acquiring an additional 108 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in THOR Industries by 0.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 15,971 shares of the construction company’s stock worth $1,529,000 after purchasing an additional 112 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in THOR Industries by 0.5% in the fourth quarter. Sanctuary Advisors LLC now owns 21,614 shares of the construction company’s stock valued at $2,278,000 after buying an additional 113 shares during the last quarter. Blue Trust Inc. raised its stake in THOR Industries by 22.1% during the fourth quarter. Blue Trust Inc. now owns 669 shares of the construction company’s stock valued at $64,000 after buying an additional 121 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in THOR Industries by 57.3% during the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock worth $32,000 after buying an additional 121 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.