Truist Financial Has Lowered Expectations for THOR Industries (NYSE:THO) Stock Price

THOR Industries (NYSE:THO) had its price target lowered by Truist Financial from $110.00 to $90.00 in a note issued to investors on Thursday,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 4.90% from the stock’s previous close.

A number of other equities research analysts have also weighed in on THO. Robert W. Baird reduced their price objective on THOR Industries from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Thursday. BMO Capital Markets reduced their price objective on THOR Industries from $120.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday. 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 objective for the stock from $110.00 to $125.00 in a research report on Monday, March 3rd. Finally, StockNews.com upgraded THOR Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $104.00.

THOR Industries Trading Down 0.7 %

Shares of THO stock opened at $85.80 on Thursday. The stock’s fifty day moving average price is $99.31 and its two-hundred day moving average price is $103.92. The company has a market cap of $4.57 billion, a PE ratio of 21.94, a P/E/G ratio of 1.16 and a beta of 1.74. THOR Industries has a fifty-two week low of $78.88 and a fifty-two week high of $118.85. 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 (NYSE:THO) last issued its quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). The firm 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%. The company’s revenue was down 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.13 EPS. Equities analysts predict that THOR Industries will post 4.64 EPS for the current fiscal year.

Institutional Trading of THOR Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Castlekeep Investment Advisors LLC bought a new position in THOR Industries during the fourth quarter valued at $440,000. Neo Ivy Capital Management raised its position in shares of THOR Industries by 11.7% in the fourth quarter. Neo Ivy Capital Management now owns 2,451 shares of the construction company’s stock worth $234,000 after buying an additional 257 shares in the last quarter. Waverly Advisors LLC raised its position in THOR Industries by 57.6% during the fourth quarter. Waverly Advisors LLC now owns 5,535 shares of the construction company’s stock valued at $530,000 after purchasing an additional 2,023 shares in the last quarter. Vident Advisory LLC raised its position in THOR Industries by 10.5% during the fourth quarter. Vident Advisory LLC now owns 9,431 shares of the construction company’s stock valued at $903,000 after purchasing an additional 897 shares in the last quarter. Finally, Southpoint Capital Advisors LP raised its position in THOR Industries by 73.2% during the fourth quarter. Southpoint Capital Advisors LP now owns 606,149 shares of the construction company’s stock valued at $58,015,000 after purchasing an additional 256,149 shares in the last quarter. 96.71% of the stock is 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.