Thor Industries (NYSE:THO) Price Target Cut to $86.00

Thor Industries (NYSE:THOGet Rating) had its target price reduced by analysts at Citigroup from $92.00 to $86.00 in a research report issued to clients and investors on Tuesday, April 19th, The Fly reports. The firm currently has a “neutral” rating on the construction company’s stock. Citigroup’s price target would suggest a potential downside of 3.56% from the stock’s current price.

THO has been the subject of a number of other research reports. BMO Capital Markets dropped their target price on shares of Thor Industries from $175.00 to $140.00 and set an “outperform” rating for the company in a report on Thursday, March 10th. StockNews.com started coverage on Thor Industries in a research report on Thursday, March 31st. They set a “hold” rating for the company. Truist Financial downgraded Thor Industries from a “buy” rating to a “hold” rating and dropped their target price for the stock from $125.00 to $100.00 in a research note on Wednesday, March 2nd. Robert W. Baird dropped their price target on Thor Industries from $150.00 to $120.00 in a research report on Thursday, March 10th. Finally, Exane BNP Paribas lowered Thor Industries from a “neutral” rating to an “underperform” rating and set a $65.00 price target on the stock. in a report on Wednesday, April 13th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Thor Industries has an average rating of “Hold” and an average target price of $102.10.

Shares of NYSE THO traded up $2.33 during midday trading on Tuesday, hitting $89.17. The company’s stock had a trading volume of 2,216,671 shares, compared to its average volume of 1,044,581. The company has a current ratio of 1.68, a quick ratio of 0.80 and a debt-to-equity ratio of 0.67. The firm has a market cap of $4.91 billion, a P/E ratio of 5.25 and a beta of 1.82. The business’s 50 day moving average is $83.07 and its two-hundred day moving average is $95.29. Thor Industries has a 12-month low of $73.50 and a 12-month high of $149.38.

Thor Industries (NYSE:THOGet Rating) last issued its earnings results on Wednesday, March 9th. The construction company reported $4.79 EPS for the quarter, topping analysts’ consensus estimates of $3.39 by $1.40. Thor Industries had a net margin of 6.20% and a return on equity of 30.51%. The firm had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter in the previous year, the firm posted $2.38 earnings per share. The company’s revenue was up 42.1% compared to the same quarter last year. On average, analysts predict that Thor Industries will post 17.95 earnings per share for the current fiscal year.

In other Thor Industries news, Director James L. Ziemer purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, April 5th. The shares were bought at an average price of $80.53 per share, for a total transaction of $805,300.00. Following the completion of the acquisition, the director now owns 29,835 shares in the company, valued at $2,402,612.55. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.30% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in THO. Paragon Capital Management Ltd bought a new position in Thor Industries during the fourth quarter valued at approximately $26,000. Liberty Wealth Management LLC grew its holdings in Thor Industries by 1,425.0% during the 3rd quarter. Liberty Wealth Management LLC now owns 244 shares of the construction company’s stock valued at $28,000 after buying an additional 228 shares in the last quarter. Quent Capital LLC purchased a new stake in Thor Industries during the 4th quarter valued at approximately $29,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Thor Industries by 133.5% in the first quarter. Steward Partners Investment Advisory LLC now owns 509 shares of the construction company’s stock valued at $40,000 after purchasing an additional 291 shares in the last quarter. Finally, Covestor Ltd purchased a new stake in Thor Industries during the fourth quarter valued at approximately $50,000. 93.11% of the stock is owned by institutional investors and hedge funds.

Thor Industries Company Profile (Get Rating)

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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