BMO Capital Markets Cuts THOR Industries (NYSE:THO) Price Target to $105.00

THOR Industries (NYSE:THO) had its price target lowered by BMO Capital Markets from $120.00 to $105.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the construction company’s stock. BMO Capital Markets’ target price would indicate a potential upside of 27.57% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Bank of America upgraded shares of THOR Industries from a “neutral” rating to a “buy” rating and increased their price objective for the company from $110.00 to $125.00 in a report on Monday. Truist Financial increased their price target on THOR Industries from $98.00 to $110.00 and gave the company a “hold” rating in a research note on Monday, February 10th. StockNews.com upgraded THOR Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Benchmark reiterated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Finally, Robert W. Baird reduced their target price on THOR Industries from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $109.83.

THOR Industries Trading Up 1.1 %

Shares of NYSE THO traded up $0.91 during midday trading on Thursday, hitting $82.31. The stock had a trading volume of 167,561 shares, compared to its average volume of 672,928. The firm has a market cap of $4.38 billion, a P/E ratio of 21.06, a price-to-earnings-growth ratio of 1.16 and a beta of 1.69. THOR Industries has a fifty-two week low of $78.88 and a fifty-two week high of $118.85. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. The company’s 50-day simple moving average is $99.81 and its 200 day simple moving average is $104.20.

THOR Industries (NYSE:THO) last posted 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). The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.98 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. THOR Industries’s revenue was down 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.13 EPS. Research analysts anticipate that THOR Industries will post 4.64 EPS for the current year.

Institutional Investors Weigh In On THOR Industries

Several large investors have recently modified their holdings of THO. Atala Financial Inc acquired a new position in shares of THOR Industries in the 4th quarter valued at approximately $27,000. Van ECK Associates Corp bought a new position in THOR Industries in the third quarter valued at approximately $32,000. First Horizon Advisors Inc. boosted its holdings 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 buying an additional 121 shares during the period. Brooklyn Investment Group bought a new stake in shares of THOR Industries during the third quarter worth $38,000. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of THOR Industries by 369.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company’s stock worth $40,000 after acquiring an additional 329 shares during the period. 96.71% of the stock is currently owned by 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.