Truist Financial Increases THOR Industries (NYSE:THO) Price Target to $105.00

THOR Industries (NYSE:THO) had its target price boosted by research analysts at Truist Financial from $95.00 to $105.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the construction company’s stock. Truist Financial’s price target would suggest a potential upside of 1.44% from the stock’s previous close.

A number of other analysts also recently commented on the company. Robert W. Baird dropped their price objective on THOR Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, June 6th. Benchmark started coverage on shares of THOR Industries in a report on Thursday, July 18th. They issued a “hold” rating for the company. BMO Capital Markets reaffirmed an “outperform” rating and issued a $120.00 price objective on shares of THOR Industries in a research note on Thursday. Finally, Citigroup cut their target price on shares of THOR Industries from $120.00 to $113.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $104.00.

THOR Industries Price Performance

Shares of NYSE:THO opened at $103.51 on Friday. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of 21.00 and a beta of 1.67. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.65 and a quick ratio of 0.74. THOR Industries has a 12 month low of $84.54 and a 12 month high of $129.31. The stock’s 50 day moving average price is $102.37 and its 200 day moving average price is $101.25.

Institutional Trading of THOR Industries

A number of hedge funds have recently bought and sold shares of the company. Cim LLC increased its position in shares of THOR Industries by 12.8% in the second quarter. Cim LLC now owns 1,995 shares of the construction company’s stock worth $186,000 after acquiring an additional 226 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in THOR Industries during the 2nd quarter worth approximately $2,118,000. Quarry LP acquired a new stake in THOR Industries during the 2nd quarter valued at $28,000. Algert Global LLC purchased a new stake in shares of THOR Industries in the second quarter valued at $477,000. Finally, Scientech Research LLC acquired a new stake in shares of THOR Industries in the second quarter worth $339,000. 96.71% of the stock is owned by hedge funds and other institutional investors.

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.