Citigroup Increases THOR Industries (NYSE:THO) Price Target to $124.00

THOR Industries (NYSE:THO) had its price target raised by research analysts at Citigroup from $119.00 to $124.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Citigroup’s price objective would indicate a potential upside of 12.77% from the company’s current price.

Several other equities research analysts also recently issued reports on THO. Truist Financial increased their price objective on shares of THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Benchmark assumed coverage on shares of THOR Industries in a research report on Thursday, July 18th. They set a “hold” rating for the company. BMO Capital Markets reissued an “outperform” rating and set a $120.00 price objective on shares of THOR Industries in a research report on Thursday, September 19th. Finally, Robert W. Baird lowered their price objective on shares of THOR Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, June 6th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $114.75.

THOR Industries Stock Up 1.4 %

Shares of NYSE:THO opened at $109.96 on Thursday. THOR Industries has a 52 week low of $84.54 and a 52 week high of $129.31. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.74 and a current ratio of 1.69. The company has a market capitalization of $5.85 billion, a PE ratio of 22.30 and a beta of 1.67. The company has a 50 day moving average price of $103.10 and a two-hundred day moving average price of $101.35.

THOR Industries (NYSE:THO) last issued its earnings results on Tuesday, September 24th. The construction company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.35 by $0.33. THOR Industries had a net margin of 2.64% and a return on equity of 7.02%. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the prior year, the firm earned $1.68 earnings per share. The business’s quarterly revenue was down 7.4% on a year-over-year basis. Analysts forecast that THOR Industries will post 4.5 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Mather Group LLC. acquired a new stake in THOR Industries in the first quarter valued at $30,000. Tortoise Investment Management LLC lifted its stake in shares of THOR Industries by 77.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock worth $27,000 after buying an additional 124 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of THOR Industries by 70.8% during the 4th quarter. Parallel Advisors LLC now owns 292 shares of the construction company’s stock worth $35,000 after buying an additional 121 shares during the last quarter. Quarry LP acquired a new stake in shares of THOR Industries during the 2nd quarter worth about $28,000. Finally, Blue Trust Inc. lifted its stake in shares of THOR Industries by 548.1% during the 2nd quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock worth $31,000 after buying an additional 285 shares during the last quarter. Institutional investors own 96.71% of the company’s stock.

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.