Benchmark Reiterates “Hold” Rating for THOR Industries (NYSE:THO)

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

THO has been the subject of a number of other research reports. Truist Financial lifted their price target on shares of THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. DA Davidson reissued a “neutral” rating and set a $95.00 price objective on shares of THOR Industries in a report on Monday, September 30th. BMO Capital Markets reissued an “outperform” rating and set a $120.00 price objective on shares of THOR Industries in a report on Thursday, September 19th. Finally, Citigroup raised their price objective on shares of THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, THOR Industries currently has an average rating of “Moderate Buy” and a consensus target price of $110.80.

THOR Industries Stock Down 3.2 %

Shares of THOR Industries stock opened at $104.99 on Tuesday. THOR Industries has a 52-week low of $88.37 and a 52-week high of $129.31. The company has a 50 day moving average of $109.28 and a 200 day moving average of $102.65. The company has a quick ratio of 0.82, a current ratio of 1.69 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $5.57 billion, a P/E ratio of 22.01 and a beta of 1.67.

THOR Industries (NYSE:THO) last issued its quarterly earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.33. THOR Industries had a net margin of 2.64% and a return on equity of 7.02%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the previous year, the firm earned $1.68 earnings per share. The firm’s quarterly revenue was down 7.4% on a year-over-year basis. As a group, research analysts forecast that THOR Industries will post 4.85 EPS for the current fiscal year.

Insider Activity

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

Hedge Funds Weigh In On THOR Industries

A number of institutional investors have recently modified their holdings of THO. Price T Rowe Associates Inc. MD increased its holdings in shares of THOR Industries by 5.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,906 shares of the construction company’s stock valued at $3,862,000 after acquiring an additional 1,592 shares during the period. Cetera Investment Advisers grew its position in THOR Industries by 83.3% in the 1st quarter. Cetera Investment Advisers now owns 43,113 shares of the construction company’s stock valued at $5,059,000 after buying an additional 19,595 shares during the last quarter. Cetera Advisors LLC grew its position in THOR Industries by 571.3% in the 1st quarter. Cetera Advisors LLC now owns 22,341 shares of the construction company’s stock valued at $2,622,000 after buying an additional 19,013 shares during the last quarter. GAMMA Investing LLC grew its position in THOR Industries by 46.2% in the 2nd quarter. GAMMA Investing LLC now owns 579 shares of the construction company’s stock valued at $54,000 after buying an additional 183 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in THOR Industries by 273.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 14,106 shares of the construction company’s stock valued at $1,318,000 after buying an additional 10,328 shares during the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.

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.