Truist Financial Has Lowered Expectations for THOR Industries (NYSE:THO) Stock Price

THOR Industries (NYSE:THO) had its target price lowered by investment analysts at Truist Financial from $105.00 to $98.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the construction company’s stock. Truist Financial’s price target would indicate a potential upside of 2.38% from the stock’s current price.

Several other research analysts have also commented on the company. Benchmark reissued a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. Bank of America initiated coverage on THOR Industries in a report on Friday, December 13th. They set a “neutral” rating and a $120.00 target price on the stock. DA Davidson restated a “neutral” rating and issued a $95.00 price target on shares of THOR Industries in a report on Monday, September 30th. StockNews.com upgraded shares of THOR Industries from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, BMO Capital Markets reissued an “outperform” rating and set a $120.00 target price on shares of THOR Industries in a research report on Thursday, September 19th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $111.17.

THOR Industries Trading Down 0.2 %

THO traded down $0.20 on Tuesday, reaching $95.72. 51,258 shares of the company’s stock were exchanged, compared to its average volume of 272,650. THOR Industries has a twelve month low of $88.37 and a twelve month high of $129.31. The company’s 50 day moving average is $104.85 and its 200-day moving average is $103.31. The company has a market cap of $5.09 billion, a price-to-earnings ratio of 24.48 and a beta of 1.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71.

Insider Activity

In related news, VP Colleen A. Zuhl sold 4,354 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $115.00, for a total value of $500,710.00. Following the completion of the sale, the vice president now directly owns 131,905 shares of the company’s stock, valued at $15,169,075. The trade was a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On THOR Industries

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in shares of THOR Industries by 37.7% during the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock worth $165,078,000 after purchasing an additional 411,466 shares during the period. Natixis Advisors LLC lifted its holdings in THOR Industries by 51.3% in the third quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock worth $55,486,000 after acquiring an additional 171,244 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in THOR Industries by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock valued at $271,097,000 after acquiring an additional 187,019 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of THOR Industries by 12.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 387,189 shares of the construction company’s stock worth $36,183,000 after purchasing an additional 43,326 shares during the period. Finally, State Street Corp lifted its holdings in shares of THOR Industries by 2.1% in the 3rd quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock worth $178,462,000 after purchasing an additional 33,619 shares during the last quarter. 96.71% of the stock is 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.