THOR Industries (NYSE:THO) Coverage Initiated at Bank of America

Stock analysts at Bank of America started coverage on shares of THOR Industries (NYSE:THO - Get Free Report) in a research note issued on Friday. The firm set a "neutral" rating and a $120.00 price target on the construction company's stock. Bank of America's price objective would suggest a potential upside of 14.71% from the company's previous close.

A number of other brokerages have also recently issued reports on THO. DA Davidson reissued a "neutral" rating and set a $95.00 price objective on shares of THOR Industries in a report on Monday, September 30th. Truist Financial upped their price target on shares of THOR Industries from $95.00 to $105.00 and gave the stock a "hold" rating in a research report on Friday, September 20th. Citigroup boosted their target price on shares of THOR Industries from $119.00 to $124.00 and gave the stock a "buy" rating in a research note on Thursday, September 26th. BMO Capital Markets restated an "outperform" rating and issued a $120.00 price objective on shares of THOR Industries in a research report on Thursday, September 19th. Finally, Benchmark restated a "hold" rating on shares of THOR Industries in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, THOR Industries has an average rating of "Hold" and an average price target of $112.33.

THOR Industries Stock Performance

THOR Industries stock traded down $0.52 on Friday, reaching $104.61. 547,090 shares of the stock were exchanged, compared to its average volume of 509,076. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. THOR Industries has a twelve month low of $88.37 and a twelve month high of $129.31. The firm has a fifty day moving average price of $108.82 and a two-hundred day moving average price of $102.97. The stock has a market cap of $5.57 billion, a PE ratio of 26.88 and a beta of 1.67.

THOR Industries (NYSE:THO - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $2.47 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The firm's revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.68 EPS. Sell-side analysts anticipate that THOR Industries will post 4.71 EPS for the current year.

Insider Activity at THOR Industries

In other news, VP Colleen A. Zuhl sold 4,354 shares of the business's stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total value of $500,710.00. Following the completion of the sale, the vice president now owns 131,905 shares of the company's stock, valued at approximately $15,169,075. The trade was a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.50% of the stock is owned by company insiders.

Institutional Trading of THOR Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Tortoise Investment Management LLC raised 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. Quarry LP bought a new position in THOR Industries during the 2nd quarter worth $28,000. UMB Bank n.a. raised its holdings in THOR Industries by 2,050.0% in the 3rd quarter. UMB Bank n.a. now owns 258 shares of the construction company's stock valued at $28,000 after acquiring an additional 246 shares in the last quarter. Blue Trust Inc. lifted its position in shares of THOR Industries by 548.1% during 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, Van ECK Associates Corp acquired a new stake in shares of THOR Industries during the 3rd quarter worth $32,000. Institutional investors and hedge funds own 96.71% of the company's stock.

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.