THOR Industries (NYSE:THO) Price Target Raised to $124.00

THOR Industries (NYSE:THO) had its price objective boosted by equities research analysts at Citigroup from $119.00 to $124.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Citigroup’s price target points to a potential upside of 12.77% from the stock’s current price.

Several other analysts have also issued reports on the stock. BMO Capital Markets reiterated an “outperform” rating and set a $120.00 price target on shares of THOR Industries in a research report on Thursday, September 19th. Benchmark assumed coverage on THOR Industries in a research note on Thursday, July 18th. They issued a “hold” rating on the stock. Truist Financial upped their price objective on THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Finally, Robert W. Baird dropped their price objective on THOR Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, June 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.75.

THOR Industries Price Performance

Shares of THOR Industries stock opened at $109.96 on Thursday. THOR Industries has a twelve month low of $84.54 and a twelve month high of $129.31. The company has a quick ratio of 0.74, a current ratio of 1.69 and a debt-to-equity ratio of 0.27. The company has a 50-day simple moving average of $103.10 and a two-hundred day simple moving average of $101.35. The stock has a market capitalization of $5.85 billion, a price-to-earnings ratio of 22.30 and a beta of 1.67.

THOR Industries (NYSE:THO) last issued its quarterly earnings data on Tuesday, September 24th. The construction company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.33. THOR Industries had a net margin of 2.64% and a return on equity of 7.02%. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter in the previous year, the company earned $1.68 EPS. The business’s revenue was down 7.4% on a year-over-year basis. Analysts forecast that THOR Industries will post 4.5 EPS for the current year.

Hedge Funds Weigh In On THOR Industries

Several large investors have recently bought and sold shares of THO. Pacer Advisors Inc. raised its position in THOR Industries by 35.1% in the second 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 last quarter. Dimensional Fund Advisors LP raised its position in shares of THOR Industries by 6.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock worth $271,097,000 after acquiring an additional 187,019 shares during the last quarter. Scout Investments Inc. raised its position in shares of THOR Industries by 89.7% during the fourth quarter. Scout Investments Inc. now owns 239,396 shares of the construction company’s stock worth $28,309,000 after acquiring an additional 113,201 shares during the last quarter. American Century Companies Inc. raised its position 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 acquiring an additional 78,832 shares during the last quarter. Finally, ACR Alpine Capital Research LLC raised its position in shares of THOR Industries by 4.3% during the second quarter. ACR Alpine Capital Research LLC now owns 1,524,303 shares of the construction company’s stock worth $142,446,000 after acquiring an additional 62,716 shares during the last quarter. 96.71% of the stock is currently owned by institutional investors.

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.