Envestnet Asset Management Inc. Increases Holdings in THOR Industries, Inc. (NYSE:THO)

Envestnet Asset Management Inc. lifted its position in THOR Industries, Inc. (NYSE:THO) by 0.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 639,378 shares of the construction company’s stock after purchasing an additional 5,761 shares during the period. Envestnet Asset Management Inc. owned 1.20% of THOR Industries worth $59,750,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Mather Group LLC. purchased a new stake in shares of THOR Industries in the first quarter valued at approximately $30,000. Tortoise Investment Management LLC lifted its holdings in THOR Industries by 77.0% during the second quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock worth $27,000 after buying an additional 124 shares during the period. Parallel Advisors LLC lifted its holdings in THOR Industries by 70.8% during the fourth 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. lifted its holdings in THOR Industries by 548.1% during the second quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock worth $31,000 after buying an additional 285 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in THOR Industries by 3,063.6% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 348 shares of the construction company’s stock worth $41,000 after buying an additional 337 shares during the period. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on THO shares. Citigroup lowered their target price on THOR Industries from $120.00 to $113.00 and set a “buy” rating for the company in a report on Friday, June 7th. Benchmark began coverage on THOR Industries in a research report on Thursday, July 18th. They issued a “hold” rating on the stock. Truist Financial cut their target price on THOR Industries from $100.00 to $95.00 and set a “hold” rating on the stock in a research report on Thursday, June 6th. Finally, Robert W. Baird cut their price target on THOR Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, June 6th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $102.00.

THOR Industries Stock Performance

Shares of THO stock opened at $104.61 on Thursday. 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, Inc. has a 52 week low of $84.54 and a 52 week high of $129.31. The stock has a market capitalization of $5.57 billion, a PE ratio of 21.22 and a beta of 1.67. The firm has a 50 day moving average of $101.87 and a two-hundred day moving average of $101.53.

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.