Truist Financial Raises THOR Industries (NYSE:THO) Price Target to $105.00

THOR Industries (NYSE:THO) had its price objective boosted by research analysts at Truist Financial from $95.00 to $105.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the construction company’s stock. Truist Financial’s price target suggests a potential upside of 1.44% from the company’s previous close.

A number of other brokerages also recently commented on THO. Benchmark started coverage on THOR Industries in a research note on Thursday, July 18th. They issued a “hold” rating on the stock. Citigroup dropped their price objective on THOR Industries from $120.00 to $113.00 and set a “buy” rating on the stock in a report on Friday, June 7th. BMO Capital Markets reiterated an “outperform” rating and issued a $120.00 target price on shares of THOR Industries in a research note on Thursday. Finally, Robert W. Baird dropped their price target on shares of THOR Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, June 6th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $104.00.

THOR Industries Trading Down 3.6 %

Shares of NYSE:THO opened at $103.51 on Friday. The firm has a fifty day moving average of $102.37 and a two-hundred day moving average of $101.25. The company has a quick ratio of 0.74, a current ratio of 1.65 and a debt-to-equity ratio of 0.30. THOR Industries has a 12-month low of $84.54 and a 12-month high of $129.31. The firm has a market capitalization of $5.51 billion, a P/E ratio of 21.00 and a beta of 1.67.

Hedge Funds Weigh In On THOR Industries

A number of institutional investors have recently modified their holdings of THO. Norges Bank bought a new stake in THOR Industries during the 4th quarter valued at approximately $65,391,000. Pacer Advisors Inc. boosted its position in shares of THOR Industries by 35.1% in the second quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company’s stock valued at $106,567,000 after acquiring an additional 296,583 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of 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 worth $271,097,000 after acquiring an additional 187,019 shares during the last quarter. Scout Investments Inc. raised its stake in THOR Industries by 89.7% during the 4th quarter. Scout Investments Inc. now owns 239,396 shares of the construction company’s stock valued at $28,309,000 after purchasing an additional 113,201 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in THOR Industries by 12.2% in the 2nd quarter. American Century Companies Inc. now owns 723,910 shares of the construction company’s stock valued at $67,649,000 after purchasing an additional 78,832 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.