Benchmark reiterated their hold rating on shares of THOR Industries (NYSE:THO – Free Report) in a report released on Tuesday, Benzinga reports.
Several other equities research analysts also recently weighed in on THO. Citigroup raised their price target on THOR Industries from $119.00 to $124.00 and gave the stock a buy rating in a report on Thursday, September 26th. Truist Financial lifted their target price on THOR Industries from $95.00 to $105.00 and gave the stock a hold rating in a report on Friday, September 20th. BMO Capital Markets reaffirmed an outperform rating and set a $120.00 target price on shares of THOR Industries in a report on Thursday, September 19th. Robert W. Baird decreased their target price on THOR Industries from $120.00 to $110.00 and set an outperform rating for the company in a report on Thursday, June 6th. Finally, DA Davidson reaffirmed a neutral rating and set a $95.00 target price on shares of THOR Industries in a report on Monday. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $110.80.
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THOR Industries Price Performance
THOR Industries (NYSE:THO – Get Free Report) last issued its quarterly earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.33. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.47 billion. THOR Industries had a return on equity of 7.02% and a net margin of 2.64%. The company’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the company earned $1.68 earnings per share. As a group, equities analysts expect that THOR Industries will post 5.21 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Mather Group LLC. purchased a new stake in shares of THOR Industries in the first quarter valued at approximately $30,000. Tortoise Investment Management LLC increased its position in shares of THOR Industries by 77.0% in the second quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock valued at $27,000 after buying an additional 124 shares in the last quarter. Parallel Advisors LLC increased its position 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 purchased a new stake in shares of THOR Industries in the second quarter valued at approximately $28,000. Finally, Blue Trust Inc. increased its position in shares of THOR Industries by 548.1% in the second quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock valued at $31,000 after buying an additional 285 shares in the last quarter. 96.71% of the stock is currently owned by hedge funds and other institutional investors.
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.
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