THOR Industries (NYSE:THO) Receives “Hold” Rating from Benchmark

THOR Industries (NYSE:THO)‘s stock had its “hold” rating reiterated by analysts at Benchmark in a research note issued on Tuesday,Benzinga reports.

Several other brokerages have also recently commented on THO. Truist Financial boosted their target price on shares of THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a research report on Friday, September 20th. DA Davidson restated a “neutral” rating and set a $95.00 price objective on shares of THOR Industries in a research report on Monday, September 30th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $120.00 target price on shares of THOR Industries in a report on Thursday, September 19th. Finally, Citigroup boosted their price target on THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $110.80.

THOR Industries Stock Performance

Shares of THOR Industries stock traded down $1.80 during trading on Tuesday, reaching $109.15. The company’s stock had a trading volume of 75,675 shares, compared to its average volume of 501,391. THOR Industries has a 52 week low of $88.37 and a 52 week high of $129.31. The firm has a market cap of $5.80 billion, a PE ratio of 22.29 and a beta of 1.67. The business’s 50-day moving average price is $109.15 and its 200-day moving average price is $102.52. The company has a quick ratio of 0.82, a current ratio of 1.69 and a debt-to-equity ratio of 0.27.

THOR Industries (NYSE:THO) last issued its quarterly earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.33. THOR Industries had a return on equity of 7.02% and a net margin of 2.64%. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the previous year, the company posted $1.68 earnings per share. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. Equities analysts forecast that THOR Industries will post 4.85 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Colleen A. Zuhl sold 4,354 shares of THOR Industries stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total transaction of $500,710.00. Following the sale, the vice president now directly owns 131,905 shares in the company, valued at $15,169,075. This trade represents a 3.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On THOR Industries

Several large investors have recently modified their holdings of the business. UMB Bank n.a. lifted its holdings in THOR Industries by 2,050.0% during the 3rd quarter. UMB Bank n.a. now owns 258 shares of the construction company’s stock worth $28,000 after buying an additional 246 shares during the period. Tortoise Investment Management LLC raised its position in shares of THOR Industries by 77.0% during the second quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock worth $27,000 after acquiring an additional 124 shares during the last quarter. Quarry LP acquired a new position in shares of THOR Industries in the second quarter worth approximately $28,000. Van ECK Associates Corp bought a new stake in THOR Industries in the third quarter valued at approximately $32,000. Finally, Blue Trust Inc. increased its position in THOR Industries by 548.1% during the 2nd quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock valued at $31,000 after purchasing an additional 285 shares during the period. Institutional investors own 96.71% of the company’s stock.

About THOR Industries

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.