THOR Industries (NYSE:THO) Given New $105.00 Price Target at Truist Financial

THOR Industries (NYSE:THO) had its price target upped by Truist Financial from $95.00 to $105.00 in a research report released on Friday, Benzinga reports. They currently have a hold rating on the construction company’s stock.

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

THOR Industries Price Performance

THO stock opened at $103.42 on Friday. The company has a current ratio of 1.65, a quick ratio of 0.74 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 stock has a market cap of $5.50 billion, a PE ratio of 20.98 and a beta of 1.67. The company has a 50-day moving average price of $102.37 and a 200 day moving average price of $101.43.

Institutional Investors Weigh In On THOR Industries

Several hedge funds have recently made changes to their positions in THO. Tortoise Investment Management LLC raised its holdings in shares of THOR Industries by 77.0% in the second quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock valued at $27,000 after acquiring an additional 124 shares in the last quarter. Quarry LP purchased a new position in THOR Industries during the 2nd quarter valued at about $28,000. Mather Group LLC. bought a new stake in shares of THOR Industries in the 1st quarter valued at about $30,000. Blue Trust Inc. lifted its position 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 worth $31,000 after purchasing an additional 285 shares during the period. Finally, International Assets Investment Management LLC bought a new position in shares of THOR Industries during the second quarter valued at approximately $33,000. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

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.