THOR Industries (NYSE:THO – Get Free Report) had its price objective decreased by equities research analysts at Citigroup from $107.00 to $93.00 in a research note issued on Thursday, FlyOnTheWall reports. Citigroup’s target price would indicate a potential downside of 0.58% from the company’s previous close.
A number of other brokerages have also recently commented on THO. Robert W. Baird boosted their target price on shares of THOR Industries from $95.00 to $110.00 in a report on Wednesday, June 7th. Truist Financial boosted their price objective on shares of THOR Industries from $84.00 to $86.00 and gave the stock a “hold” rating in a research note on Tuesday. BMO Capital Markets reaffirmed an “outperform” rating and set a $115.00 target price on shares of THOR Industries in a research note on Tuesday. DA Davidson boosted their price target on THOR Industries from $72.00 to $85.00 in a research report on Thursday, June 8th. Finally, StockNews.com started coverage on THOR Industries in a research report on Thursday, August 17th. They set a “hold” rating for the company. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $90.00.
THOR Industries Trading Up 0.7 %
Shares of THO opened at $93.54 on Thursday. THOR Industries has a 1-year low of $67.09 and a 1-year high of $116.31. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of 13.46 and a beta of 1.87. The firm’s 50-day moving average price is $104.53 and its 200-day moving average price is $92.80. The company has a current ratio of 1.79, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42.
THOR Industries (NYSE:THO – Get Free Report) last posted its earnings results on Monday, September 25th. The construction company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.73. THOR Industries had a return on equity of 9.90% and a net margin of 3.37%. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter in the prior year, the business earned $5.15 EPS. The business’s revenue for the quarter was down 28.4% on a year-over-year basis. Sell-side analysts anticipate that THOR Industries will post 6.9 EPS for the current year.
Insider Buying and Selling
In other news, SVP Kenneth D. Julian sold 10,000 shares of the stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $110.72, for a total transaction of $1,107,200.00. Following the transaction, the senior vice president now directly owns 30,811 shares of the company’s stock, valued at approximately $3,411,393.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.50% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On THOR Industries
A number of large investors have recently made changes to their positions in THO. Virginia Retirement Systems ET AL purchased a new position in shares of THOR Industries in the second quarter worth approximately $1,149,000. Osaic Holdings Inc. boosted its stake in shares of THOR Industries by 23.5% during the 2nd quarter. Osaic Holdings Inc. now owns 53,668 shares of the construction company’s stock worth $5,557,000 after acquiring an additional 10,211 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in shares of THOR Industries by 10.3% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 9,658 shares of the construction company’s stock valued at $1,000,000 after acquiring an additional 898 shares during the period. Verity Asset Management Inc. bought a new stake in THOR Industries during the second quarter valued at about $262,000. Finally, State of Tennessee Treasury Department lifted its position in shares of THOR Industries by 160.3% during the 2nd quarter. State of Tennessee Treasury Department now owns 16,793 shares of the construction company’s stock valued at $1,738,000 after buying an additional 10,341 shares in the last quarter. 96.52% 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.