THOR Industries, Inc. (NYSE:THO) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC grew its position in THOR Industries, Inc. (NYSE:THO) by 957.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,313 shares of the construction company’s stock after buying an additional 24,729 shares during the quarter. Hsbc Holdings PLC owned 0.05% of THOR Industries worth $2,537,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of THO. Mather Group LLC. acquired a new position in THOR Industries in the 1st quarter valued at about $30,000. Tortoise Investment Management LLC grew its holdings in shares of THOR Industries by 77.0% in the second quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock valued at $27,000 after purchasing an additional 124 shares in the last quarter. Parallel Advisors LLC increased its stake in THOR Industries by 70.8% during the 4th quarter. Parallel Advisors LLC now owns 292 shares of the construction company’s stock worth $35,000 after buying an additional 121 shares during the period. Blue Trust Inc. boosted its position in THOR Industries by 548.1% in the 2nd quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock valued at $31,000 after buying an additional 285 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of THOR Industries by 3,063.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 348 shares of the construction company’s stock worth $41,000 after acquiring an additional 337 shares in the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Analysts Set New Price Targets

THO has been the topic of several analyst reports. Robert W. Baird reduced 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. Truist Financial boosted their price objective on THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. BMO Capital Markets restated an “outperform” rating and set a $120.00 target price on shares of THOR Industries in a research note on Thursday, September 19th. Citigroup lowered their price target on shares of THOR Industries from $120.00 to $113.00 and set a “buy” rating for the company in a report on Friday, June 7th. Finally, Benchmark initiated coverage on shares of THOR Industries in a report on Thursday, July 18th. They issued a “hold” rating on the stock. Three equities 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, THOR Industries presently has a consensus rating of “Moderate Buy” and an average target price of $112.00.

THOR Industries Stock Down 2.8 %

THO stock opened at $106.45 on Thursday. The stock has a market cap of $5.66 billion, a P/E ratio of 21.59 and a beta of 1.67. The company has a current ratio of 1.65, a quick ratio of 0.74 and a debt-to-equity ratio of 0.30. THOR Industries, Inc. has a twelve month low of $84.54 and a twelve month high of $129.31. The company’s 50 day moving average is $102.63 and its two-hundred day moving average is $101.26.

THOR Industries (NYSE:THO) last announced its quarterly earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.33. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.47 billion. THOR Industries had a net margin of 2.59% and a return on equity of 7.07%. THOR Industries’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.68 earnings per share. Research analysts expect that THOR Industries, Inc. will post 4.73 earnings per share for the current fiscal year.

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.