THOR Industries (NYSE:THO) Price Target Cut to $105.00 by Analysts at BMO Capital Markets

THOR Industries (NYSE:THO - Get Free Report) had its price objective dropped by equities research analysts at BMO Capital Markets from $120.00 to $105.00 in a research note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage presently has an "outperform" rating on the construction company's stock. BMO Capital Markets' price objective would indicate a potential upside of 27.78% from the company's previous close.

Other equities research analysts also recently issued research reports about the stock. Benchmark reissued a "hold" rating on shares of THOR Industries in a research note on Tuesday, December 3rd. Bank of America raised shares of THOR Industries from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $110.00 to $125.00 in a research report on Monday, March 3rd. StockNews.com upgraded THOR Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. Truist Financial increased their price target on THOR Industries from $98.00 to $110.00 and gave the stock a "hold" rating in a report on Monday, February 10th. Finally, Robert W. Baird dropped their price objective on THOR Industries from $110.00 to $100.00 and set an "outperform" rating for the company in a report on Thursday. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, THOR Industries has an average rating of "Moderate Buy" and a consensus target price of $104.00.

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THOR Industries Trading Down 4.1 %

Shares of NYSE:THO traded down $3.53 during trading on Thursday, reaching $82.17. The company's stock had a trading volume of 1,856,843 shares, compared to its average volume of 764,538. The stock has a market capitalization of $4.37 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 1.16 and a beta of 1.74. THOR Industries has a 12 month low of $78.88 and a 12 month high of $118.85. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. The firm's 50 day simple moving average is $98.88 and its two-hundred day simple moving average is $103.68.

THOR Industries (NYSE:THO - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.08). The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.98 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. THOR Industries's revenue for the quarter was down 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 earnings per share. On average, research analysts predict that THOR Industries will post 4.64 EPS for the current fiscal year.

Institutional Trading of THOR Industries

Several institutional investors and hedge funds have recently made changes to their positions in THO. Atala Financial Inc purchased a new position in THOR Industries during the 4th quarter valued at about $27,000. Van ECK Associates Corp purchased a new position in THOR Industries during the third quarter valued at approximately $32,000. First Horizon Advisors Inc. raised its stake in THOR Industries by 57.3% in the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company's stock worth $32,000 after buying an additional 121 shares in the last quarter. Brooklyn Investment Group bought a new position in THOR Industries in the third quarter worth approximately $38,000. Finally, Brown Brothers Harriman & Co. lifted its holdings in THOR Industries by 369.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company's stock worth $40,000 after buying an additional 329 shares during the period. 96.71% of the stock is currently owned by 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.