THOR Industries, Inc. (NYSE:THO) Shares Bought by Bank of Montreal Can

Bank of Montreal Can increased its position in THOR Industries, Inc. (NYSE:THO) by 42.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 20,680 shares of the construction company’s stock after acquiring an additional 6,185 shares during the period. Bank of Montreal Can’s holdings in THOR Industries were worth $1,934,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Lombard Odier Asset Management USA Corp acquired a new stake in THOR Industries during the second quarter valued at approximately $791,000. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of THOR Industries by 0.4% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,356,769 shares of the construction company’s stock valued at $500,590,000 after purchasing an additional 21,841 shares during the period. Ensign Peak Advisors Inc increased its stake in THOR Industries by 8.4% in the 2nd quarter. Ensign Peak Advisors Inc now owns 25,549 shares of the construction company’s stock worth $2,388,000 after purchasing an additional 1,990 shares in the last quarter. Pacer Advisors Inc. raised its holdings in THOR Industries by 35.1% during the 2nd quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company’s stock worth $106,567,000 after buying an additional 296,583 shares during the period. Finally, Bridges Investment Management Inc. acquired a new stake in shares of THOR Industries during the second quarter valued at approximately $323,000. Institutional investors own 96.71% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on THO. DA Davidson reiterated a “neutral” rating and set a $95.00 price objective on shares of THOR Industries in a research report on Monday, September 30th. Truist Financial lifted their target price on shares of THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Citigroup upped their price target on shares of THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Benchmark reissued a “hold” rating on shares of THOR Industries in a research report on Tuesday. Finally, BMO Capital Markets restated an “outperform” rating and issued a $120.00 target price on shares of THOR Industries in a research note on Thursday, September 19th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $110.80.

THOR Industries Price Performance

Shares of NYSE:THO opened at $108.64 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 0.82. The stock has a market capitalization of $5.75 billion, a P/E ratio of 22.04 and a beta of 1.67. The business has a 50-day moving average of $103.89 and a two-hundred day moving average of $101.54. THOR Industries, Inc. has a fifty-two week low of $84.54 and a fifty-two week high of $129.31.

THOR Industries (NYSE:THO) last posted its earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.33. THOR Industries had a return on equity of 7.02% and a net margin of 2.64%. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same period in the previous year, the company earned $1.68 EPS. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. On average, equities research analysts predict that THOR Industries, Inc. will post 4.85 EPS for the current fiscal year.

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.