THOR Industries (NYSE:THO) Raised to “Buy” at Bank of America

THOR Industries (NYSE:THO) was upgraded by Bank of America from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a $125.00 price target on the construction company’s stock, up from their prior price target of $110.00. Bank of America‘s target price points to a potential upside of 25.70% from the stock’s previous close.

Several other equities analysts also recently commented on THO. Benchmark reiterated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Truist Financial lifted their target price on shares of THOR Industries from $98.00 to $110.00 and gave the stock a “hold” rating in a report on Monday, February 10th. Finally, StockNews.com upgraded shares of THOR Industries from a “sell” rating to a “hold” rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, THOR Industries currently has an average rating of “Moderate Buy” and an average price target of $114.00.

THOR Industries Stock Performance

Shares of NYSE THO opened at $99.44 on Monday. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $5.29 billion, a P/E ratio of 25.43, a P/E/G ratio of 1.16 and a beta of 1.69. THOR Industries has a 12 month low of $88.37 and a 12 month high of $129.31. The stock has a 50 day moving average of $99.76 and a 200-day moving average of $104.26.

Institutional Trading of THOR Industries

A number of institutional investors have recently bought and sold shares of the business. Madison Investment Advisors LLC bought a new position in shares of THOR Industries during the fourth quarter worth approximately $95,688,000. ACR Alpine Capital Research LLC increased its stake in THOR Industries by 40.6% during the 4th quarter. ACR Alpine Capital Research LLC now owns 2,142,966 shares of the construction company’s stock worth $205,103,000 after acquiring an additional 619,318 shares during the period. Norges Bank acquired a new position in THOR Industries in the 4th quarter valued at $54,754,000. Raymond James Financial Inc. bought a new stake in shares of THOR Industries during the 4th quarter valued at $52,497,000. Finally, JPMorgan Chase & Co. lifted its position in shares of THOR Industries by 37.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock valued at $165,078,000 after acquiring an additional 411,466 shares during the period. 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.