THOR Industries (NYSE:THO) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of THOR Industries (NYSE:THO – Get Rating) in a research report report published on Thursday morning. The firm issued a hold rating on the construction company’s stock.

THO has been the topic of a number of other reports. Citigroup upped their price target on shares of THOR Industries from $87.00 to $94.00 and gave the company a neutral rating in a research note on Friday, February 24th. Roth Capital reiterated a neutral rating on shares of THOR Industries in a research note on Tuesday, March 7th. DA Davidson lowered their target price on shares of THOR Industries from $84.00 to $77.00 and set a neutral rating on the stock in a research note on Thursday, March 9th. Finally, Truist Financial increased their target price on shares of THOR Industries from $70.00 to $80.00 in a research note on Friday, February 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $80.63.

THOR Industries Stock Performance

Shares of THO stock opened at $78.18 on Thursday. The stock has a market capitalization of $4.18 billion, a P/E ratio of 5.39 and a beta of 1.79. The company has a current ratio of 1.95, a quick ratio of 0.68 and a debt-to-equity ratio of 0.46. The firm’s 50 day moving average is $91.24 and its 200 day moving average is $83.35. THOR Industries has a 12 month low of $66.26 and a 12 month high of $105.36.

THOR Industries (NYSE:THO – Get Rating) last announced its quarterly earnings results on Tuesday, March 7th. The construction company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.60). The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.49 billion. THOR Industries had a net margin of 5.69% and a return on equity of 21.88%. The business’s quarterly revenue was down 39.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.79 earnings per share. On average, sell-side analysts anticipate that THOR Industries will post 5.94 earnings per share for the current year.

Hedge Funds Weigh In On THOR Industries

Institutional investors have recently made changes to their positions in the stock. CoreCap Advisors LLC bought a new position in shares of THOR Industries in the 4th quarter worth $26,000. Ronald Blue Trust Inc. increased its holdings in shares of THOR Industries by 293.6% in the 4th quarter. Ronald Blue Trust Inc. now owns 433 shares of the construction company’s stock worth $30,000 after buying an additional 323 shares during the last quarter. CI Investments Inc. increased its holdings in shares of THOR Industries by 73.2% in the 4th quarter. CI Investments Inc. now owns 471 shares of the construction company’s stock worth $36,000 after buying an additional 199 shares during the last quarter. Industrial Alliance Investment Management Inc. grew its holdings in shares of THOR Industries by 343.9% during the 4th quarter. Industrial Alliance Investment Management Inc. now owns 617 shares of the construction company’s stock valued at $47,000 after purchasing an additional 478 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of THOR Industries by 30.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 640 shares of the construction company’s stock valued at $45,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 98.68% of the company’s stock.

About THOR Industries

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Thor Industries, Inc engages in the manufacture and sale of recreational vehicles. It operates through the following segments: North American Towable Recreational Vehicles, North American Motorized Recreational Vehicles, and European Recreational Vehicles. The North American Towable Recreational Vehicles segment includes operating entities such as Airstream, Heartland, Jayco, Keystone, and KZ.