THOR Industries (NYSE:THO) Coverage Initiated at Bank of America

Equities research analysts at Bank of America assumed coverage on shares of THOR Industries (NYSE:THO) in a research note issued on Friday. The brokerage set a “neutral” rating and a $120.00 price target on the construction company’s stock. Bank of America‘s price target would indicate a potential upside of 14.71% from the stock’s current price.

THO has been the subject of several other research reports. BMO Capital Markets reissued an “outperform” rating and issued a $120.00 price objective on shares of THOR Industries in a report on Thursday, September 19th. DA Davidson reissued a “neutral” rating and issued a $95.00 price target on shares of THOR Industries in a research report on Monday, September 30th. Citigroup upped their price target 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. Benchmark reiterated a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. Finally, Truist Financial increased their target price on THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, THOR Industries presently has an average rating of “Hold” and an average price target of $112.33.

THOR Industries Stock Down 0.5 %

THO opened at $104.61 on Friday. THOR Industries has a twelve month low of $88.37 and a twelve month high of $129.31. The company’s 50-day moving average price is $108.74 and its two-hundred day moving average price is $103.09. The stock has a market cap of $5.57 billion, a price-to-earnings ratio of 26.75 and a beta of 1.67. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26.

THOR Industries (NYSE:THO) last posted its quarterly earnings data on Tuesday, September 24th. The construction company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.35 by $0.33. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the prior year, the business earned $1.68 earnings per share. THOR Industries’s revenue for the quarter was down 7.4% on a year-over-year basis. As a group, equities analysts expect that THOR Industries will post 4.67 earnings per share for the current year.

Insider Activity at THOR Industries

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $115.00, for a total value of $500,710.00. Following the sale, the vice president now owns 131,905 shares of the company’s stock, valued at $15,169,075. This trade represents a 3.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 4.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. bought a new stake in THOR Industries during the third quarter valued at approximately $233,000. Sanctuary Advisors LLC lifted its holdings in shares of THOR Industries by 2.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 21,501 shares of the construction company’s stock worth $2,412,000 after acquiring an additional 442 shares during the last quarter. Anchor Investment Management LLC purchased a new position in THOR Industries in the third quarter worth $58,000. Geode Capital Management LLC increased its stake in 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 acquiring an additional 12,758 shares during the last quarter. Finally, MML Investors Services LLC raised its position in THOR Industries by 10.2% during the third quarter. MML Investors Services LLC now owns 10,556 shares of the construction company’s stock valued at $1,160,000 after purchasing an additional 976 shares in the last quarter. 96.71% of the stock is currently owned by 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.