Truist Financial Issues Positive Forecast for THOR Industries (NYSE:THO) Stock Price

THOR Industries (NYSE:THO - Get Free Report) had its price target boosted by stock analysts at Truist Financial from $98.00 to $110.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a "hold" rating on the construction company's stock. Truist Financial's target price would suggest a potential upside of 7.58% from the stock's current price.

A number of other research firms have also issued reports on THO. Benchmark reissued a "hold" rating on shares of THOR Industries in a report on Tuesday, December 3rd. StockNews.com raised shares of THOR Industries from a "sell" rating to a "hold" rating in a research note on Monday. Finally, Bank of America started coverage on shares of THOR Industries in a research note on Friday, December 13th. They issued a "neutral" rating and a $120.00 target price for the company. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $113.17.

THOR Industries Stock Performance

Shares of THO traded up $0.57 during mid-day trading on Monday, hitting $102.25. 216,313 shares of the company's stock were exchanged, compared to its average volume of 586,959. 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 fifty-two week low of $88.37 and a fifty-two week high of $129.31. The business's 50 day moving average is $100.04 and its two-hundred day moving average is $104.20. The firm has a market capitalization of $5.44 billion, a P/E ratio of 26.22, a P/E/G ratio of 1.17 and a beta of 1.69.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in THO. Venturi Wealth Management LLC lifted its position in shares of THOR Industries by 1.7% during the 4th quarter. Venturi Wealth Management LLC now owns 6,312 shares of the construction company's stock valued at $604,000 after acquiring an additional 108 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in THOR Industries by 0.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 15,971 shares of the construction company's stock worth $1,529,000 after purchasing an additional 112 shares during the last quarter. Sanctuary Advisors LLC boosted its position in THOR Industries by 0.5% during the fourth quarter. Sanctuary Advisors LLC now owns 21,614 shares of the construction company's stock worth $2,278,000 after purchasing an additional 113 shares in the last quarter. Blue Trust Inc. grew its holdings in THOR Industries by 22.1% in the fourth quarter. Blue Trust Inc. now owns 669 shares of the construction company's stock valued at $64,000 after purchasing an additional 121 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its position 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 buying an additional 121 shares in the last quarter. 96.71% of the stock is currently owned by institutional investors and hedge funds.

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.