Robert W. Baird Lowers THOR Industries (NYSE:THO) Price Target to $100.00

THOR Industries (NYSE:THO) had its target price decreased by equities research analysts at Robert W. Baird from $110.00 to $100.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the construction company’s stock. Robert W. Baird’s price target indicates a potential upside of 16.55% from the stock’s current price.

Other analysts have also issued reports about the company. StockNews.com raised THOR Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Bank of America raised THOR Industries from a “neutral” rating to a “buy” rating and raised their price objective for the company from $110.00 to $125.00 in a research note on Monday, March 3rd. Benchmark reiterated a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. Finally, Truist Financial increased their target price on THOR Industries from $98.00 to $110.00 and gave the company a “hold” rating in a research report on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, THOR Industries has an average rating of “Moderate Buy” and an average price target of $104.00.

THOR Industries Stock Performance

NYSE:THO opened at $85.80 on Thursday. The stock has a fifty day moving average price of $99.31 and a 200-day moving average price of $103.92. The company has a market cap of $4.57 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 1.16 and a beta of 1.74. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. THOR Industries has a fifty-two week low of $78.88 and a fifty-two week high of $118.85.

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

Hedge Funds Weigh In On THOR Industries

A number of hedge funds have recently made changes to their positions in THO. Private Advisor Group LLC bought a new position in shares of THOR Industries during the third quarter worth about $316,000. State of Alaska Department of Revenue grew its stake in THOR Industries by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 6,200 shares of the construction company’s stock worth $681,000 after purchasing an additional 415 shares during the period. Stephens Inc. AR acquired a new stake in THOR Industries during the third quarter worth approximately $215,000. Janney Montgomery Scott LLC acquired a new stake in THOR Industries during the third quarter worth approximately $13,229,000. Finally, Van ECK Associates Corp acquired a new stake in THOR Industries during the third quarter worth approximately $32,000. 96.71% of the stock is currently owned by institutional investors.

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.