Truist Trims Thor Industries (NYSE:THO) Target Price to $130.00

Thor Industries (NYSE:THO) had its price objective lowered by Truist from $135.00 to $130.00 in a report published on Friday, Briefing.com reports. The brokerage currently has a buy rating on the construction company’s stock.

A number of other brokerages also recently issued reports on THO. raised Thor Industries from a neutral rating to a buy rating and set a $150.00 price target on the stock in a research report on Thursday, July 1st. BNP Paribas began coverage on Thor Industries in a report on Monday, June 14th. They issued a neutral rating and a $128.00 target price on the stock. Zacks Investment Research raised Thor Industries from a sell rating to a hold rating and set a $117.00 target price on the stock in a report on Thursday, September 9th. Exane BNP Paribas began coverage on Thor Industries in a report on Monday, June 14th. They issued a neutral rating and a $128.00 target price on the stock. Finally, Citigroup raised Thor Industries from a neutral rating to a buy rating in a report on Thursday, July 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Thor Industries has a consensus rating of Hold and an average price target of $133.50.

Shares of NYSE:THO opened at $106.77 on Friday. The company has a market capitalization of $5.91 billion, a P/E ratio of 10.83 and a beta of 2.35. Thor Industries has a 1 year low of $78.64 and a 1 year high of $152.20. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.46 and a quick ratio of 0.70. The business’s 50 day simple moving average is $114.42 and its 200 day simple moving average is $123.10.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sawtooth Solutions LLC lifted its stake in shares of Thor Industries by 24.7% in the 2nd quarter. Sawtooth Solutions LLC now owns 4,410 shares of the construction company’s stock valued at $498,000 after acquiring an additional 873 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Thor Industries in the 2nd quarter valued at $817,000. Morgan Stanley lifted its stake in shares of Thor Industries by 15.2% in the 2nd quarter. Morgan Stanley now owns 155,475 shares of the construction company’s stock valued at $17,568,000 after acquiring an additional 20,534 shares during the last quarter. HM Payson & Co. lifted its stake in shares of Thor Industries by 38.1% in the 2nd quarter. HM Payson & Co. now owns 64,145 shares of the construction company’s stock valued at $7,248,000 after acquiring an additional 17,695 shares during the last quarter. Finally, Kingsview Wealth Management LLC bought a new position in shares of Thor Industries in the 2nd quarter valued at $1,840,000. Institutional investors own 88.27% of the company’s stock.

About Thor Industries

Thor Industries, Inc engages in the manufacture and sale of recreational vehicles. It operates through the following segments: North American Towable Recreational Vehicles; North American Motorized Recreational Vehicles; and European Recreational Vehicles. The North American Towable Recreational Vehicles segment includes operating entities such as Airstream, Heartland, Jayco, Keystone, and KZ.

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Analyst Recommendations for Thor Industries (NYSE:THO)

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