THOR Industries (NYSE:THO) Rating Reiterated by Benchmark

Benchmark reaffirmed their hold rating on shares of THOR Industries (NYSE:THO) in a report published on Tuesday morning, Benzinga reports.

THO has been the topic of a number of other research reports. Citigroup boosted their price objective on THOR Industries from $119.00 to $124.00 and gave the stock a buy rating in a research note on Thursday, September 26th. DA Davidson reissued a neutral rating and set a $95.00 price objective on shares of THOR Industries in a research note on Monday. BMO Capital Markets reissued an outperform rating and set a $120.00 price objective on shares of THOR Industries in a research note on Thursday, September 19th. Truist Financial boosted their price objective on THOR Industries from $95.00 to $105.00 and gave the stock a hold rating in a research note on Friday, September 20th. Finally, Robert W. Baird lowered their price objective on 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 research 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, THOR Industries has a consensus rating of Hold and an average target price of $110.80.

THOR Industries Stock Performance

Shares of NYSE:THO opened at $107.61 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 0.74. The business’s 50 day moving average price is $103.79 and its 200-day moving average price is $101.50. The firm has a market capitalization of $5.70 billion, a PE ratio of 21.83 and a beta of 1.67. THOR Industries has a 1 year low of $84.54 and a 1 year high of $129.31.

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, topping analysts’ consensus estimates of $1.35 by $0.33. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.47 billion. THOR Industries had a return on equity of 7.02% and a net margin of 2.64%. The business’s revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.68 earnings per share. As a group, equities research analysts expect that THOR Industries will post 5.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On THOR Industries

Institutional investors and hedge funds have recently modified their holdings of the company. Tortoise Investment Management LLC raised its holdings in shares of THOR Industries by 77.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock valued at $27,000 after buying an additional 124 shares during the period. Quarry LP purchased a new stake in shares of THOR Industries in the 2nd quarter valued at $28,000. Mather Group LLC. purchased a new stake in shares of THOR Industries in the 1st quarter valued at $30,000. Blue Trust Inc. raised its holdings in shares of THOR Industries by 548.1% in the 2nd quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock valued at $31,000 after buying an additional 285 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in shares of THOR Industries in the 2nd quarter valued at $33,000. 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.