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

THOR Industries (NYSE:THO) had its target price raised by Citigroup from $119.00 to $124.00 in a report published on Thursday morning, Benzinga reports. Citigroup currently has a buy rating on the construction company’s stock.

Other research analysts have also recently issued research reports about the company. Robert W. Baird reduced their target price 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. BMO Capital Markets reissued an outperform rating and set a $120.00 price objective on shares of THOR Industries in a report on Thursday, September 19th. Benchmark began coverage on shares of THOR Industries in a report on Thursday, July 18th. They set a hold rating on the stock. Finally, Truist Financial boosted their price target on shares of THOR Industries from $95.00 to $105.00 and gave the stock a hold rating in a research note on Friday, September 20th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $114.75.

THOR Industries Price Performance

NYSE:THO opened at $109.97 on Thursday. THOR Industries has a 52-week low of $84.54 and a 52-week high of $129.31. The stock has a fifty day moving average of $103.10 and a 200 day moving average of $101.33. 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 firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 22.31 and a beta of 1.67.

THOR Industries (NYSE:THO) last posted its quarterly earnings data on Tuesday, September 24th. The construction company reported $1.68 earnings per share for the quarter, topping 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 company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the prior year, the business earned $1.68 earnings per share. THOR Industries’s revenue for the quarter was down 7.4% compared to the same quarter last year. On average, research analysts expect that THOR Industries will post 4.5 EPS for the current fiscal year.

Institutional Investors Weigh In On THOR Industries

A number of large investors have recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new stake in THOR Industries in the first quarter worth $30,000. Tortoise Investment Management LLC increased its position in shares of THOR Industries by 77.0% during the second 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. Parallel Advisors LLC raised its stake in THOR Industries by 70.8% in the fourth quarter. Parallel Advisors LLC now owns 292 shares of the construction company’s stock worth $35,000 after buying an additional 121 shares in the last quarter. Quarry LP purchased a new stake in THOR Industries in the second quarter worth about $28,000. Finally, Blue Trust Inc. boosted its position in THOR Industries by 548.1% during the 2nd quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock valued at $31,000 after acquiring an additional 285 shares in the last quarter. 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.