THOR Industries (NYSE:THO - Get Free Report) was downgraded by analysts at Citigroup from a "buy" rating to a "neutral" rating in a research report issued on Wednesday, Marketbeat Ratings reports. They presently have a $86.00 target price on the construction company's stock, down from their prior target price of $94.00. Citigroup's price objective would suggest a potential upside of 8.71% from the stock's previous close.
THO has been the topic of several other reports. Truist Financial cut their price objective on THOR Industries from $110.00 to $90.00 and set a "hold" rating on the stock in a research report on Thursday, March 6th. StockNews.com raised THOR Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. DA Davidson cut their price objective on THOR Industries from $95.00 to $80.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. BMO Capital Markets cut 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, March 6th. Finally, Benchmark reissued a "hold" rating on shares of THOR Industries in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, THOR Industries presently has a consensus rating of "Hold" and an average price target of $93.00.
Read Our Latest Research Report on THO
THOR Industries Trading Down 1.4 %
Shares of THO traded down $1.14 during trading hours on Wednesday, hitting $79.11. The stock had a trading volume of 2,241,310 shares, compared to its average volume of 570,087. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. The firm has a market cap of $4.21 billion, a P/E ratio of 20.23, a P/E/G ratio of 1.16 and a beta of 1.74. The company's fifty day simple moving average is $96.10 and its 200 day simple moving average is $101.96. THOR Industries has a 12-month low of $75.78 and a 12-month high of $118.85.
THOR Industries (NYSE:THO - Get Free Report) last issued its earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.08). THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The firm had revenue of $2.02 billion during the quarter, compared to analysts' expectations of $1.98 billion. During the same period last year, the business posted $0.13 earnings per share. The company's quarterly revenue was down 8.6% compared to the same quarter last year. Equities research analysts forecast that THOR Industries will post 4.64 EPS for the current fiscal year.
Institutional Trading of THOR Industries
A number of hedge funds and other institutional investors have recently modified their holdings of THO. Madison Investment Advisors LLC acquired a new position in THOR Industries in the fourth quarter worth about $95,688,000. ACR Alpine Capital Research LLC grew its stake in THOR Industries by 40.6% in the fourth quarter. ACR Alpine Capital Research LLC now owns 2,142,966 shares of the construction company's stock worth $205,103,000 after purchasing an additional 619,318 shares in the last quarter. Norges Bank acquired a new position in THOR Industries in the fourth quarter worth about $54,754,000. Raymond James Financial Inc. acquired a new position in THOR Industries in the fourth quarter worth about $52,497,000. Finally, JPMorgan Chase & Co. grew its stake in THOR Industries by 37.7% in the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company's stock worth $165,078,000 after purchasing an additional 411,466 shares in the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.
About THOR Industries
(
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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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