Thor Industries (NYSE:THO) Given New $120.00 Price Target at Truist

Thor Industries (NYSE:THO) had its price target lowered by Truist from $125.00 to $120.00 in a report published on Monday, The Fly reports.

A number of other research firms have also recently commented on THO. Citigroup started coverage on Thor Industries in a research report on Monday, July 6th. They set a neutral rating on the stock. Zacks Investment Research upgraded Thor Industries from a hold rating to a buy rating and set a $120.00 target price on the stock in a research report on Tuesday, June 16th. Bank of America upgraded Thor Industries from an underperform rating to a neutral rating and raised their target price for the company from $73.00 to $122.00 in a research report on Thursday, July 16th. KeyCorp raised their target price on Thor Industries from $62.00 to $140.00 and gave the company an overweight rating in a research report on Wednesday, June 10th. Finally, BMO Capital Markets upgraded Thor Industries from a market perform rating to an outperform rating and raised their target price for the company from $98.00 to $105.00 in a research report on Wednesday, September 9th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $99.09.

NYSE:THO opened at $89.08 on Monday. Thor Industries has a 52 week low of $32.30 and a 52 week high of $121.33. The company has a quick ratio of 0.96, a current ratio of 1.65 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $4.92 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 2.65 and a beta of 2.48. The stock’s 50-day moving average price is $104.10 and its 200-day moving average price is $84.42.

A number of institutional investors have recently modified their holdings of the stock. Capital Research Global Investors lifted its stake in Thor Industries by 54.3% in the 1st quarter. Capital Research Global Investors now owns 5,868,560 shares of the construction company’s stock valued at $247,536,000 after buying an additional 2,065,606 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Thor Industries by 13.3% in the 1st quarter. JPMorgan Chase & Co. now owns 1,780,326 shares of the construction company’s stock worth $75,094,000 after purchasing an additional 209,033 shares in the last quarter. State Street Corp lifted its stake in Thor Industries by 1.0% in the 1st quarter. State Street Corp now owns 1,323,180 shares of the construction company’s stock worth $55,812,000 after purchasing an additional 12,791 shares in the last quarter. Timucuan Asset Management Inc. FL lifted its stake in Thor Industries by 13.7% in the 1st quarter. Timucuan Asset Management Inc. FL now owns 1,189,345 shares of the construction company’s stock worth $50,167,000 after purchasing an additional 142,957 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Thor Industries by 70.6% in the 1st quarter. Franklin Resources Inc. now owns 1,014,222 shares of the construction company’s stock worth $42,780,000 after purchasing an additional 419,807 shares in the last quarter. 95.32% of the stock is currently owned by hedge funds and other institutional investors.

About Thor Industries

Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories primarily in the United States and Canada. It operates in two segments, Towable Recreational Vehicles and Motorized Recreational Vehicles. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, Basecamp, and Nest travel trade names, as well as Interstate series of Class B motorhomes; and gasoline and diesel Class A and Class C motorhomes under the Four Winds, Freedom Elite, Majestic, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, and A.C.E trade names.

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