Benchmark Reiterates Hold Rating for THOR Industries (NYSE:THO)

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

Several other research firms also recently issued reports on THO. BMO Capital Markets reiterated an “outperform” rating and issued a $120.00 price objective on shares of THOR Industries in a report on Thursday, September 19th. DA Davidson restated a “neutral” rating and set a $95.00 price target on shares of THOR Industries in a report on Monday. Robert W. Baird cut their price target on THOR Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, June 6th. Truist Financial upped their price target on THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Finally, Citigroup upped 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. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, THOR Industries has a consensus rating of “Hold” and a consensus target price of $110.80.

THOR Industries Price Performance

THO stock opened at $109.64 on Tuesday. The company has a current ratio of 1.69, a quick ratio of 0.74 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $5.80 billion, a PE ratio of 22.24 and a beta of 1.67. THOR Industries has a 12-month low of $84.54 and a 12-month high of $129.31. The business’s fifty day moving average price is $103.52 and its 200 day moving average price is $101.44.

THOR Industries (NYSE:THO) last posted its quarterly earnings data 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. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.47 billion. THOR Industries had a return on equity of 7.02% and a net margin of 2.64%. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.68 EPS. On average, sell-side analysts anticipate that THOR Industries will post 5.21 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Cim LLC increased its holdings in shares of THOR Industries by 12.8% in the 2nd quarter. Cim LLC now owns 1,995 shares of the construction company’s stock valued at $186,000 after acquiring an additional 226 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of THOR Industries in the 2nd quarter valued at about $2,118,000. Quarry LP purchased a new position in shares of THOR Industries in the 2nd quarter valued at about $28,000. Algert Global LLC purchased a new position in shares of THOR Industries in the 2nd quarter valued at about $477,000. Finally, Scientech Research LLC purchased a new position in shares of THOR Industries in the 2nd quarter valued at about $339,000. Hedge funds and other 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.