Bridges Investment Management Inc. Takes $323,000 Position in THOR Industries, Inc. (NYSE:THO)

Bridges Investment Management Inc. bought a new stake in shares of THOR Industries, Inc. (NYSE:THO) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,453 shares of the construction company’s stock, valued at approximately $323,000.

A number of other hedge funds have also recently modified their holdings of THO. Madison Asset Management LLC grew its stake in THOR Industries by 3.0% in the fourth quarter. Madison Asset Management LLC now owns 406,413 shares of the construction company’s stock worth $48,058,000 after purchasing an additional 11,814 shares in the last quarter. BNP Paribas Financial Markets grew its stake in THOR Industries by 596.7% in the first quarter. BNP Paribas Financial Markets now owns 47,061 shares of the construction company’s stock worth $5,522,000 after purchasing an additional 40,306 shares in the last quarter. Inspire Advisors LLC grew its stake in THOR Industries by 9.3% in the first quarter. Inspire Advisors LLC now owns 1,894 shares of the construction company’s stock worth $222,000 after purchasing an additional 161 shares in the last quarter. Cetera Advisors LLC grew its stake in THOR Industries by 571.3% in the first quarter. Cetera Advisors LLC now owns 22,341 shares of the construction company’s stock worth $2,622,000 after purchasing an additional 19,013 shares in the last quarter. Finally, ARGA Investment Management LP bought a new position in THOR Industries in the first quarter worth approximately $1,046,000. Institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Performance

Shares of THO opened at $103.51 on Monday. THOR Industries, Inc. has a 12 month low of $84.54 and a 12 month high of $129.31. The stock has a fifty day moving average price of $102.37 and a 200-day moving average price of $101.21. The company has a current ratio of 1.65, a quick ratio of 0.74 and a debt-to-equity ratio of 0.30. The firm has a market cap of $5.51 billion, a PE ratio of 21.00 and a beta of 1.67.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on THO shares. Citigroup dropped their price objective on THOR Industries from $120.00 to $113.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Robert W. Baird dropped their target price on THOR Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, June 6th. Benchmark began coverage on THOR Industries in a research report on Thursday, July 18th. They set a “hold” rating on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $120.00 target price on shares of THOR Industries in a research report on Thursday. Finally, Truist Financial increased their target price on THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, THOR Industries presently has an average rating of “Moderate Buy” and an average price target of $112.00.

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.