THOR Industries (NYSE:THO) Given New $124.00 Price Target at Citigroup

THOR Industries (NYSE:THO) had its target price upped by Citigroup from $119.00 to $124.00 in a report published on Thursday morning, Benzinga reports. They currently have a buy rating on the construction company’s stock.

THO has been the subject of a number of other reports. Truist Financial lifted their price objective on shares of THOR Industries from $95.00 to $105.00 and gave the company a hold rating in a report on Friday, September 20th. Benchmark assumed coverage on THOR Industries in a report on Thursday, July 18th. They issued 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, September 19th. Finally, Robert W. Baird dropped their price objective on THOR Industries from $120.00 to $110.00 and set an outperform rating on the stock in a research note on Thursday, June 6th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, THOR Industries has an average rating of Moderate Buy and an average price target of $114.75.

THOR Industries Stock Performance

Shares of THO opened at $109.97 on Thursday. THOR Industries has a one year low of $84.54 and a one year high of $129.31. The company has a market cap of $5.85 billion, a PE ratio of 22.31 and a beta of 1.67. The stock has a 50-day moving average of $103.10 and a 200-day moving average of $101.33. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 0.74.

THOR Industries (NYSE:THO) last announced its quarterly earnings data on Tuesday, September 24th. The construction company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.33. THOR Industries had a return on equity of 7.02% and a net margin of 2.64%. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter last year, the firm posted $1.68 earnings per share. The company’s revenue for the quarter was down 7.4% compared to the same quarter last year. On average, equities research analysts predict that THOR Industries will post 4.5 EPS for the current fiscal year.

Institutional Investors Weigh In On THOR Industries

Hedge funds have recently made changes to their positions in the business. Tortoise Investment Management LLC raised its position in THOR Industries by 77.0% in the second quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock worth $27,000 after acquiring an additional 124 shares during the period. Quarry LP purchased a new position in shares of THOR Industries during the 2nd quarter valued at $28,000. Mather Group LLC. bought a new position in shares of THOR Industries during the 1st quarter worth $30,000. Blue Trust Inc. raised its stake in THOR Industries by 548.1% in the 2nd quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock valued at $31,000 after acquiring an additional 285 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in THOR Industries during the second quarter valued at about $33,000. 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.