THOR Industries (NYSE:THO) Receives Outperform Rating from BMO Capital Markets

THOR Industries (NYSE:THO)‘s stock had its “outperform” rating reaffirmed by investment analysts at BMO Capital Markets in a report issued on Thursday, Benzinga reports. They currently have a $120.00 price objective on the construction company’s stock. BMO Capital Markets’ target price would indicate a potential upside of 16.03% from the stock’s previous close.

THO has been the subject of several other reports. Robert W. Baird reduced their target price on THOR Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, June 6th. Truist Financial reduced their price objective on shares of THOR Industries from $100.00 to $95.00 and set a “hold” rating for the company in a report on Thursday, June 6th. Benchmark assumed coverage on shares of THOR Industries in a research note on Thursday, July 18th. They issued a “hold” rating on the stock. Finally, Citigroup decreased their price objective on THOR Industries from $120.00 to $113.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $104.00.

THOR Industries Price Performance

Shares of THO stock opened at $103.42 on Thursday. THOR Industries has a 12 month low of $84.54 and a 12 month high of $129.31. The company has a market capitalization of $5.50 billion, a P/E ratio of 21.00 and a beta of 1.67. The stock has a 50 day moving average of $102.30 and a two-hundred day moving average of $101.59. The company has a current ratio of 1.65, a quick ratio of 0.74 and a debt-to-equity ratio of 0.30.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of THO. Mather Group LLC. acquired a new stake in THOR Industries during the 1st quarter valued at $30,000. Tortoise Investment Management LLC grew its holdings in shares of THOR Industries by 77.0% during the second quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock worth $27,000 after purchasing an additional 124 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of THOR Industries by 70.8% in the fourth quarter. Parallel Advisors LLC now owns 292 shares of the construction company’s stock valued at $35,000 after buying an additional 121 shares in the last quarter. Quarry LP bought a new position in shares of THOR Industries in the second quarter valued at about $28,000. Finally, Blue Trust Inc. lifted its position in THOR Industries by 548.1% during the 2nd quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock worth $31,000 after buying an additional 285 shares in the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.

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.