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

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

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

THOR Industries Stock Performance

Shares of THOR Industries stock traded down $2.88 on Friday, reaching $104.47. 212,997 shares of the stock were exchanged, compared to its average volume of 484,810. The firm has a market capitalization of $5.56 billion, a PE ratio of 21.19 and a beta of 1.67. THOR Industries has a 1-year low of $84.54 and a 1-year high of $129.31. The business has a fifty day moving average price of $102.30 and a two-hundred day moving average price of $101.59. The company has a current ratio of 1.65, a quick ratio of 0.74 and a debt-to-equity ratio of 0.30.

Institutional Investors Weigh In On THOR Industries

A number of large investors have recently added to or reduced their stakes in THO. Tortoise Investment Management LLC increased its stake in shares of THOR Industries by 77.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock worth $27,000 after purchasing an additional 124 shares in the last quarter. Quarry LP purchased a new position in THOR Industries during the second quarter worth $28,000. Mather Group LLC. acquired a new position in shares of THOR Industries in the first quarter worth $30,000. Blue Trust Inc. raised its holdings in shares of THOR Industries by 548.1% in the second quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock worth $31,000 after acquiring an additional 285 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of THOR Industries in the second quarter valued at $33,000. 96.71% of the stock is owned by institutional investors and hedge funds.

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.