BMO Capital Markets Reiterates Outperform Rating for THOR Industries (NYSE:THO)

THOR Industries (NYSE:THO)‘s stock had its “outperform” rating restated by investment analysts at BMO Capital Markets in a report issued on Thursday, Benzinga reports. They presently have a $120.00 target price on the construction company’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 13.39% from the stock’s current price.

A number of other research firms have also recently weighed in on THO. Benchmark began coverage on shares of THOR Industries in a research report on Thursday, July 18th. They set a “hold” rating on the stock. Truist Financial reduced their price objective on shares of THOR Industries from $100.00 to $95.00 and set a “hold” rating on the stock in a research report on Thursday, June 6th. Citigroup dropped their target price on THOR Industries from $120.00 to $113.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Finally, Robert W. Baird reduced their price target on THOR Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, June 6th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $102.00.

THOR Industries Price Performance

Shares of NYSE:THO traded up $1.23 on Thursday, reaching $105.83. The company’s stock had a trading volume of 51,972 shares, compared to its average volume of 484,034. The company has a market cap of $5.63 billion, a P/E ratio of 21.50 and a beta of 1.67. THOR Industries has a 52-week low of $84.54 and a 52-week high of $129.31. The company has a 50-day simple moving average of $102.10 and a 200 day simple moving average of $101.55. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.74 and a current ratio of 1.65.

Hedge Funds Weigh In On THOR Industries

A number of institutional investors have recently modified their holdings of THO. Cim LLC grew its stake in 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 purchasing an additional 226 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of THOR Industries in the 2nd quarter worth $2,118,000. Quarry LP bought a new position in shares of THOR Industries during the 2nd quarter worth $28,000. Algert Global LLC purchased a new position in shares of THOR Industries during the second quarter valued at $477,000. Finally, Scientech Research LLC bought a new stake in shares of THOR Industries in the second quarter valued at about $339,000. 96.71% of the stock is owned by hedge funds and other 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.