THOR Industries (NYSE:THO) Earns “Hold” Rating from Benchmark

THOR Industries (NYSE:THO)‘s stock had its “hold” rating reiterated by stock analysts at Benchmark in a research report issued on Tuesday, Benzinga reports.

A number of other research analysts have also weighed in on THO. BMO Capital Markets restated an “outperform” rating and issued a $120.00 price objective on shares of THOR Industries in a report on Thursday, September 19th. Truist Financial raised their price objective on THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a report on Friday, September 20th. Robert W. Baird lowered 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 report on Thursday, June 6th. DA Davidson reissued a “neutral” rating and set a $95.00 price target on shares of THOR Industries in a research report on Monday. Finally, Citigroup boosted their price target on shares of THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $110.80.

THOR Industries Trading Down 0.1 %

Shares of NYSE:THO opened at $109.89 on Tuesday. THOR Industries has a 1 year low of $84.54 and a 1 year high of $129.31. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 22.29 and a beta of 1.67. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 0.74. The business’s 50 day moving average price is $103.30 and its 200-day moving average price is $101.40.

THOR Industries (NYSE:THO) last announced its quarterly earnings data 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 company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.47 billion. THOR Industries had a return on equity of 7.02% and a net margin of 2.64%. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.68 EPS. On average, equities research analysts forecast that THOR Industries will post 5.21 earnings per share for the current fiscal year.

Institutional Trading of THOR Industries

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC raised its holdings in THOR Industries by 0.4% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,356,769 shares of the construction company’s stock valued at $500,590,000 after buying an additional 21,841 shares during the period. Vanguard Group Inc. increased its stake in THOR Industries by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 5,295,044 shares of the construction company’s stock worth $626,139,000 after purchasing an additional 24,985 shares during the period. Dimensional Fund Advisors LP increased its stake in THOR Industries by 6.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock worth $271,097,000 after purchasing an additional 187,019 shares during the period. ACR Alpine Capital Research LLC increased its stake in THOR Industries by 4.3% during the second quarter. ACR Alpine Capital Research LLC now owns 1,524,303 shares of the construction company’s stock worth $142,446,000 after purchasing an additional 62,716 shares during the period. Finally, Pacer Advisors Inc. increased its stake in THOR Industries by 35.1% during the second quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company’s stock worth $106,567,000 after purchasing an additional 296,583 shares during the period. 96.71% of the stock is currently 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.