Truist Financial Issues Pessimistic Forecast for THOR Industries (NYSE:THO) Stock Price

THOR Industries (NYSE:THO) had its price objective lowered by Truist Financial from $105.00 to $98.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the construction company’s stock. Truist Financial’s price target would suggest a potential upside of 2.70% from the stock’s current price.

Several other research analysts have also weighed in on THO. Citigroup increased their target price on THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Bank of America assumed coverage on THOR Industries in a research report on Friday, December 13th. They issued a “neutral” rating and a $120.00 target price on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $120.00 price objective on shares of THOR Industries in a research report on Thursday, September 19th. StockNews.com raised THOR Industries from a “sell” rating to a “hold” rating in a research report on Saturday, January 4th. Finally, DA Davidson reissued a “neutral” rating and issued a $95.00 price objective on shares of THOR Industries in a research report on Monday, September 30th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, THOR Industries presently has an average rating of “Hold” and an average target price of $111.17.

THOR Industries Trading Up 0.3 %

Shares of THO opened at $95.42 on Tuesday. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $5.08 billion, a P/E ratio of 24.40 and a beta of 1.68. The stock’s fifty day simple moving average is $104.35 and its 200 day simple moving average is $103.29. THOR Industries has a twelve month low of $88.37 and a twelve month high of $129.31.

Insider Activity

In related news, VP Colleen A. Zuhl sold 4,354 shares of THOR Industries 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 completion of the transaction, the vice president now directly owns 131,905 shares in the company, valued at approximately $15,169,075. This trade represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On THOR Industries

A number of hedge funds have recently bought and sold shares of THO. JPMorgan Chase & Co. boosted its stake in THOR Industries by 37.7% in the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock valued at $165,078,000 after acquiring an additional 411,466 shares during the period. Pacer Advisors Inc. boosted its stake in THOR Industries by 35.1% in the second quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company’s stock valued at $106,567,000 after acquiring an additional 296,583 shares during the period. Dimensional Fund Advisors LP boosted its stake in THOR Industries by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock valued at $271,097,000 after acquiring an additional 187,019 shares during the period. Natixis Advisors LLC boosted its stake in THOR Industries by 51.3% in the third quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock valued at $55,486,000 after acquiring an additional 171,244 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in THOR Industries by 46.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 501,479 shares of the construction company’s stock valued at $55,108,000 after acquiring an additional 159,022 shares during the period. 96.71% of the stock is currently 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.