BMO Capital Markets Issues Pessimistic Forecast for THOR Industries (NYSE:THO) Stock Price

THOR Industries (NYSE:THO) had its price target decreased by stock analysts at BMO Capital Markets from $120.00 to $105.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the construction company’s stock. BMO Capital Markets’ target price would indicate a potential upside of 22.38% from the stock’s current price.

A number of other research firms have also recently commented on THO. Benchmark restated a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. Bank of America upgraded THOR Industries from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $110.00 to $125.00 in a research report on Monday, March 3rd. Truist Financial boosted their price target on THOR Industries from $98.00 to $110.00 and gave the stock a “hold” rating in a research report on Monday, February 10th. Robert W. Baird dropped their price target on THOR Industries from $110.00 to $100.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, StockNews.com upgraded THOR Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.00.

THOR Industries Stock Down 0.7 %

THOR Industries stock opened at $85.80 on Thursday. The stock has a market capitalization of $4.57 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 1.16 and a beta of 1.69. THOR Industries has a 12 month low of $78.88 and a 12 month high of $118.85. The business has a 50 day simple moving average of $99.31 and a 200-day simple moving average of $103.92. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78.

THOR Industries (NYSE:THO) last posted its quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.98 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The firm’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 earnings per share. On average, analysts anticipate that THOR Industries will post 4.64 EPS for the current fiscal year.

Institutional Trading of THOR Industries

Several large investors have recently added to or reduced their stakes in THO. Madison Investment Advisors LLC purchased a new stake in THOR Industries in the 4th quarter valued at $95,688,000. ACR Alpine Capital Research LLC grew its holdings in THOR Industries by 40.6% in the 4th quarter. ACR Alpine Capital Research LLC now owns 2,142,966 shares of the construction company’s stock valued at $205,103,000 after buying an additional 619,318 shares in the last quarter. Norges Bank acquired a new position in shares of THOR Industries in the 4th quarter valued at $54,754,000. Raymond James Financial Inc. acquired a new position in shares of THOR Industries in the 4th quarter valued at $52,497,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of THOR Industries by 37.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock valued at $165,078,000 after purchasing an additional 411,466 shares during the last quarter. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

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.