Thor Industries (NYSE:THO) PT Lowered to $70.00

Thor Industries (NYSE:THOGet Rating) had its target price decreased by equities researchers at Truist Financial from $75.00 to $70.00 in a research report issued to clients and investors on Friday, The Fly reports. Truist Financial’s target price points to a potential downside of 0.47% from the company’s current price.

Several other equities analysts also recently weighed in on the company. Robert W. Baird decreased their target price on Thor Industries from $120.00 to $100.00 and set an “outperform” rating on the stock in a research report on Thursday, June 9th. StockNews.com upgraded Thor Industries from a “hold” rating to a “buy” rating in a research report on Saturday, September 3rd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $85.56.

Thor Industries Stock Down 3.3 %

Shares of THO opened at $70.33 on Friday. The company has a current ratio of 1.70, a quick ratio of 0.82 and a debt-to-equity ratio of 0.58. Thor Industries has a 12 month low of $66.26 and a 12 month high of $128.87. The stock’s 50 day moving average is $83.24 and its two-hundred day moving average is $80.56. The firm has a market cap of $3.84 billion, a P/E ratio of 3.59 and a beta of 1.71.

Insider Buying and Selling at Thor Industries

In other Thor Industries news, COO W. Todd Woelfer bought 1,225 shares of Thor Industries stock in a transaction on Tuesday, July 12th. The shares were bought at an average price of $81.55 per share, for a total transaction of $99,898.75. Following the completion of the transaction, the chief operating officer now directly owns 70,325 shares of the company’s stock, valued at $5,735,003.75. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In other Thor Industries news, COO W. Todd Woelfer bought 1,225 shares of Thor Industries stock in a transaction on Tuesday, July 12th. The shares were bought at an average price of $81.55 per share, for a total transaction of $99,898.75. Following the completion of the transaction, the chief operating officer now directly owns 70,325 shares of the company’s stock, valued at $5,735,003.75. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Peter Busch Orthwein bought 3,000 shares of Thor Industries stock in a transaction on Wednesday, June 29th. The stock was acquired at an average price of $76.00 per share, for a total transaction of $228,000.00. Following the transaction, the director now directly owns 133,400 shares of the company’s stock, valued at $10,138,400. The disclosure for this purchase can be found here. Company insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Federated Hermes Inc. grew its stake in Thor Industries by 35.3% during the 2nd quarter. Federated Hermes Inc. now owns 9,939 shares of the construction company’s stock worth $743,000 after purchasing an additional 2,592 shares in the last quarter. Hussman Strategic Advisors Inc. grew its stake in Thor Industries by 39.1% during the 2nd quarter. Hussman Strategic Advisors Inc. now owns 21,700 shares of the construction company’s stock worth $1,622,000 after purchasing an additional 6,100 shares in the last quarter. Royal London Asset Management Ltd. grew its stake in Thor Industries by 151.5% during the 2nd quarter. Royal London Asset Management Ltd. now owns 1,490,339 shares of the construction company’s stock worth $111,500,000 after purchasing an additional 897,730 shares in the last quarter. Legal & General Group Plc grew its stake in Thor Industries by 27.5% during the 2nd quarter. Legal & General Group Plc now owns 122,595 shares of the construction company’s stock worth $9,161,000 after purchasing an additional 26,421 shares in the last quarter. Finally, ExodusPoint Capital Management LP acquired a new position in Thor Industries during the 2nd quarter worth $4,529,000. 98.63% of the stock is owned by institutional investors and hedge funds.

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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