Robert W. Baird Lowers THOR Industries (NYSE:THO) Price Target to $100.00

THOR Industries (NYSE:THO) had its price objective cut by investment analysts at Robert W. Baird from $110.00 to $100.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the construction company’s stock. Robert W. Baird’s target price points to a potential upside of 22.75% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Bank of America raised shares of THOR Industries from a “neutral” rating to a “buy” rating and increased their price target for the company from $110.00 to $125.00 in a report on Monday. Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. Truist Financial boosted their price objective on shares of THOR Industries from $98.00 to $110.00 and gave the company a “hold” rating in a report on Monday, February 10th. Finally, StockNews.com raised shares of THOR Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, THOR Industries has an average rating of “Moderate Buy” and a consensus price target of $112.33.

THOR Industries Price Performance

NYSE:THO opened at $81.47 on Thursday. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. THOR Industries has a 12-month low of $78.88 and a 12-month high of $118.85. The stock’s 50 day moving average price is $99.81 and its two-hundred day moving average price is $104.20. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of 20.84, a P/E/G ratio of 1.16 and a beta of 1.69.

THOR Industries (NYSE:THO) last announced its quarterly earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.08). THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the business earned $0.13 EPS. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. On average, analysts anticipate that THOR Industries will post 4.64 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Venturi Wealth Management LLC lifted its stake in THOR Industries by 1.7% in the 4th quarter. Venturi Wealth Management LLC now owns 6,312 shares of the construction company’s stock valued at $604,000 after purchasing an additional 108 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of THOR Industries by 0.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 15,971 shares of the construction company’s stock valued at $1,529,000 after acquiring an additional 112 shares in the last quarter. Sanctuary Advisors LLC grew its position in THOR Industries by 0.5% during the 4th quarter. Sanctuary Advisors LLC now owns 21,614 shares of the construction company’s stock worth $2,278,000 after acquiring an additional 113 shares during the last quarter. Blue Trust Inc. increased its holdings in THOR Industries by 22.1% in the 4th quarter. Blue Trust Inc. now owns 669 shares of the construction company’s stock worth $64,000 after purchasing an additional 121 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its position in THOR Industries by 57.3% in the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock valued at $32,000 after purchasing an additional 121 shares during 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.