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

THOR Industries (NYSE:THO) had its price target upped by Truist Financial from $95.00 to $105.00 in a report released on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the construction company’s stock. Truist Financial’s target price points to a potential upside of 0.51% from the company’s previous close.

Several other analysts also recently issued reports on THO. BMO Capital Markets reaffirmed an “outperform” rating and issued a $120.00 price objective on shares of THOR Industries in a research report on Thursday. Robert W. Baird dropped their price target on shares of 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 initiated coverage on shares of THOR Industries in a research report on Thursday, July 18th. They issued a “hold” rating for the company. Finally, Citigroup dropped their target price on THOR Industries from $120.00 to $113.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $104.00.

THOR Industries Stock Down 2.7 %

Shares of NYSE THO traded down $2.88 on Friday, hitting $104.47. The company had a trading volume of 212,997 shares, compared to its average volume of 484,810. The company has a quick ratio of 0.74, a current ratio of 1.65 and a debt-to-equity ratio of 0.30. THOR Industries has a 12-month low of $84.54 and a 12-month high of $129.31. The firm has a market capitalization of $5.56 billion, a P/E ratio of 21.19 and a beta of 1.67. The business has a 50 day moving average of $102.30 and a two-hundred day moving average of $101.59.

Institutional Investors Weigh In On THOR Industries

Several institutional investors have recently made changes to their positions in THO. Norges Bank bought a new position in shares of THOR Industries during the 4th quarter valued at $65,391,000. Pacer Advisors Inc. lifted its position in shares of THOR Industries by 35.1% in the second quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company’s stock worth $106,567,000 after buying an additional 296,583 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of THOR Industries by 6.9% during the 2nd 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 in the last quarter. Scout Investments Inc. increased its holdings in shares of THOR Industries by 89.7% during the 4th quarter. Scout Investments Inc. now owns 239,396 shares of the construction company’s stock valued at $28,309,000 after acquiring an additional 113,201 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in THOR Industries by 12.2% in the 2nd quarter. American Century Companies Inc. now owns 723,910 shares of the construction company’s stock worth $67,649,000 after purchasing an additional 78,832 shares during 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.