Truist Financial Cuts THOR Industries (NYSE:THO) Price Target to $90.00

THOR Industries (NYSE:THO - Get Free Report) had its price objective reduced by equities research analysts at Truist Financial from $110.00 to $90.00 in a report issued on Thursday, MarketBeat reports. The firm presently has a "hold" rating on the construction company's stock. Truist Financial's target price would suggest a potential upside of 9.53% from the stock's current price.

A number of other brokerages have also commented on THO. Bank of America raised shares of THOR Industries from a "neutral" rating to a "buy" rating and upped their price objective for the company from $110.00 to $125.00 in a research report on Monday, March 3rd. StockNews.com raised THOR Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 27th. BMO Capital Markets lowered their price objective on THOR Industries from $120.00 to $105.00 and set an "outperform" rating on the stock in a research report on Thursday. Robert W. Baird reduced their target price on THOR Industries from $110.00 to $100.00 and set an "outperform" rating for the company in a research report on Thursday. Finally, Benchmark reaffirmed a "hold" rating on shares of THOR Industries in a report on Tuesday, December 3rd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $104.00.

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THOR Industries Stock Performance

NYSE:THO traded down $3.53 during mid-day trading on Thursday, hitting $82.17. 1,856,843 shares of the company's stock traded hands, compared to its average volume of 764,538. 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 has a 50 day moving average of $98.88 and a two-hundred day moving average of $103.68. The firm has a market capitalization of $4.37 billion, a price-to-earnings 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.

THOR Industries (NYSE:THO - Get Free Report) last announced 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 analyst estimates of $1.98 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The company's revenue was down 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.13 EPS. On average, equities analysts forecast that THOR Industries will post 4.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On THOR Industries

Hedge funds have recently made changes to their positions in the company. Atala Financial Inc acquired a new position in THOR Industries in the fourth quarter valued at about $27,000. Van ECK Associates Corp acquired a new stake in shares of THOR Industries during the third quarter worth approximately $32,000. First Horizon Advisors Inc. raised its stake in shares of THOR Industries by 57.3% in the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company's stock valued at $32,000 after acquiring an additional 121 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of THOR Industries in the 3rd quarter worth approximately $38,000. Finally, Brown Brothers Harriman & Co. grew its position in THOR Industries by 369.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company's stock worth $40,000 after acquiring an additional 329 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company's stock.

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.