Truist Financial Issues Pessimistic Forecast for THOR Industries (NYSE:THO) Stock Price

THOR Industries (NYSE:THO) had its target price reduced by Truist Financial from $105.00 to $98.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the construction company’s stock. Truist Financial’s price objective indicates a potential upside of 2.70% from the stock’s previous close.

THO has been the topic of several other reports. Benchmark reissued a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. Bank of America started coverage on shares of THOR Industries in a research note on Friday, December 13th. They set a “neutral” rating and a $120.00 target price on the stock. DA Davidson reissued a “neutral” rating and set a $95.00 target price on shares of THOR Industries in a research note on Monday, September 30th. StockNews.com raised shares of THOR Industries from a “sell” rating to a “hold” rating in a research note on Saturday, January 4th. Finally, Citigroup boosted their target price on shares of THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $111.17.

THOR Industries Trading Up 0.3 %

THOR Industries stock opened at $95.42 on Tuesday. 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 firm has a market cap of $5.08 billion, a price-to-earnings ratio of 24.40 and a beta of 1.68. THOR Industries has a 1 year low of $88.37 and a 1 year high of $129.31. The firm’s 50 day moving average price is $104.35 and its two-hundred day moving average price is $103.29.

Insider Buying and Selling at THOR Industries

In related news, VP Colleen A. Zuhl sold 4,354 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total value of $500,710.00. Following the completion of the sale, the vice president now owns 131,905 shares in the company, valued at approximately $15,169,075. This trade represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its stake in shares of THOR Industries by 37.7% in the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock valued at $165,078,000 after buying an additional 411,466 shares in the last quarter. Franklin Resources Inc. acquired a new stake in shares of THOR Industries in the third quarter valued at $233,000. Sanctuary Advisors LLC increased its stake in shares of THOR Industries by 2.1% in the third quarter. Sanctuary Advisors LLC now owns 21,501 shares of the construction company’s stock valued at $2,412,000 after buying an additional 442 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in shares of THOR Industries in the third quarter valued at $58,000. Finally, Geode Capital Management LLC increased its stake in shares of THOR Industries by 1.4% in the third quarter. Geode Capital Management LLC now owns 911,232 shares of the construction company’s stock valued at $100,161,000 after buying an additional 12,758 shares in the last quarter. 96.71% of the stock is currently owned by institutional investors and hedge funds.

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.