Truist Financial Issues Positive Forecast for THOR Industries (NYSE:THO) Stock Price

THOR Industries (NYSE:THO) had its price target upped by analysts at Truist Financial from $98.00 to $110.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the construction company’s stock. Truist Financial’s price target suggests a potential upside of 10.21% from the stock’s previous close.

A number of other brokerages have also commented on THO. StockNews.com upgraded THOR Industries from a “sell” rating to a “hold” rating in a report on Monday. Bank of America started coverage on shares of THOR Industries in a report on Friday, December 13th. They set a “neutral” rating and a $120.00 target price for the company. Finally, Benchmark reissued a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $113.17.

THOR Industries Stock Down 1.1 %

Shares of NYSE:THO opened at $99.81 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. THOR Industries has a one year low of $88.37 and a one year high of $129.31. The company has a 50 day moving average of $100.42 and a 200-day moving average of $104.23. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 25.53, a P/E/G ratio of 1.17 and a beta of 1.69.

Institutional Trading of THOR Industries

A number of hedge funds and other institutional investors have recently modified their holdings of THO. UMB Bank n.a. grew its holdings in shares of THOR Industries by 2,050.0% in the third quarter. UMB Bank n.a. now owns 258 shares of the construction company’s stock valued at $28,000 after purchasing an additional 246 shares in the last quarter. Van ECK Associates Corp acquired a new position in shares of THOR Industries in the third quarter worth about $32,000. First Horizon Advisors Inc. grew its position in shares of 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 period. Brooklyn Investment Group purchased a new stake in THOR Industries during the 3rd quarter worth approximately $38,000. Finally, Anchor Investment Management LLC purchased a new position in THOR Industries in the 3rd quarter valued at $58,000. 96.71% of the stock is owned by hedge funds and other institutional investors.

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.