THOR Industries (NYSE:THO) Earns Neutral Rating from Analysts at Bank of America

Analysts at Bank of America initiated coverage on shares of THOR Industries (NYSE:THO) in a research note issued to investors on Friday. The firm set a “neutral” rating and a $120.00 price target on the construction company’s stock. Bank of America‘s target price indicates a potential upside of 14.71% from the stock’s previous close.

Several other analysts also recently weighed in on the company. Citigroup increased their price objective on THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. DA Davidson reissued a “neutral” rating and set a $95.00 price target on shares of THOR Industries in a research report on Monday, September 30th. Benchmark restated a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. StockNews.com lowered shares of THOR Industries from a “hold” rating to a “sell” rating in a report on Friday, December 6th. Finally, Truist Financial boosted their price target on THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $112.33.

THOR Industries Price Performance

THO stock opened at $104.61 on Friday. The firm has a market cap of $5.57 billion, a P/E ratio of 26.75 and a beta of 1.67. The firm’s fifty day moving average is $108.74 and its 200 day moving average is $103.09. THOR Industries has a 52 week low of $88.37 and a 52 week high of $129.31. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71.

THOR Industries (NYSE:THO) last announced its quarterly earnings data on Tuesday, September 24th. The construction company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.33. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same period last year, the firm earned $1.68 earnings per share. The company’s revenue for the quarter was down 7.4% compared to the same quarter last year. Research analysts predict that THOR Industries will post 4.67 earnings per share for the current year.

Insiders Place Their Bets

In related news, VP Colleen A. Zuhl sold 4,354 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $115.00, for a total value of $500,710.00. Following the sale, the vice president now directly owns 131,905 shares of the company’s stock, valued at $15,169,075. This represents a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.50% of the company’s stock.

Institutional Trading of THOR Industries

A number of hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. grew its holdings in THOR Industries by 35.1% in the second quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company’s stock worth $106,567,000 after purchasing an additional 296,583 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of THOR Industries by 6.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock valued at $271,097,000 after purchasing an additional 187,019 shares during the last quarter. Natixis Advisors LLC boosted its position in shares of THOR Industries by 51.3% in the 3rd quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock worth $55,486,000 after purchasing an additional 171,244 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of THOR Industries by 46.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 501,479 shares of the construction company’s stock worth $55,108,000 after buying an additional 159,022 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in THOR Industries during the 3rd quarter valued at approximately $13,229,000. Institutional investors own 96.71% of the company’s stock.

THOR Industries Company Profile

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.