THOR Industries (NYSE:THO) Given New $98.00 Price Target at Truist Financial

THOR Industries (NYSE:THO - Get Free Report) had its target price reduced by analysts at Truist Financial from $105.00 to $98.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a "hold" rating on the construction company's stock. Truist Financial's price target would indicate a potential upside of 2.76% from the stock's previous close.

A number of other equities analysts have also commented on the stock. Citigroup raised their price objective 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. StockNews.com upgraded shares of THOR Industries from a "sell" rating to a "hold" rating in a report on Saturday. Bank of America assumed coverage on shares of THOR Industries in a report on Friday, December 13th. They issued a "neutral" rating and a $120.00 price objective for the company. BMO Capital Markets restated an "outperform" rating and set a $120.00 target price on shares of THOR Industries in a report on Thursday, September 19th. Finally, Benchmark reiterated a "hold" rating on shares of THOR Industries in a research note on Tuesday, December 3rd. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $111.17.

THOR Industries Trading Down 0.6 %

THO traded down $0.55 during trading on Tuesday, reaching $95.37. The company had a trading volume of 455,601 shares, compared to its average volume of 377,950. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. THOR Industries has a 12-month low of $88.37 and a 12-month high of $129.31. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 24.39 and a beta of 1.68. The firm's 50-day simple moving average is $104.85 and its 200 day simple moving average is $103.31.

Insider Transactions at THOR Industries

In other news, VP Colleen A. Zuhl sold 4,354 shares of the company's stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total transaction of $500,710.00. Following the completion of the transaction, the vice president now owns 131,905 shares of the company's stock, valued at approximately $15,169,075. This represents a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.50% of the company's stock.

Hedge Funds Weigh In On THOR Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP bought a new position in shares of THOR Industries during the 2nd quarter worth about $28,000. UMB Bank n.a. lifted its stake in THOR Industries by 2,050.0% during the third quarter. UMB Bank n.a. now owns 258 shares of the construction company's stock worth $28,000 after purchasing an additional 246 shares during the period. Van ECK Associates Corp bought a new position in THOR Industries during the third quarter worth about $32,000. Brooklyn Investment Group acquired a new stake in THOR Industries during the third quarter valued at approximately $38,000. Finally, Headlands Technologies LLC bought a new stake in shares of THOR Industries in the 2nd quarter valued at approximately $42,000. 96.71% of the stock is currently owned by institutional investors.

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.