THOR Industries (NYSE:THO) Stock Price Expected to Rise, Truist Financial Analyst Says

THOR Industries (NYSE:THO) had its price target hoisted by stock analysts at Truist Financial from $98.00 to $110.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “hold” rating on the construction company’s stock. Truist Financial’s price objective suggests a potential upside of 6.91% from the stock’s previous close.

THO has been the subject of a number of other research reports. Bank of America assumed coverage on shares of THOR Industries in a research report on Friday, December 13th. They set a “neutral” rating and a $120.00 price objective for the company. StockNews.com raised THOR Industries from a “sell” rating to a “hold” rating in a report on Monday. 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $113.17.

THOR Industries Stock Up 1.7 %

THOR Industries stock opened at $102.90 on Monday. The stock has a market capitalization of $5.48 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 1.17 and a beta of 1.69. 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 stock has a 50 day moving average of $100.11 and a two-hundred day moving average of $104.22. THOR Industries has a twelve month low of $88.37 and a twelve month high of $129.31.

Institutional Investors Weigh In On THOR Industries

Several hedge funds have recently made changes to their positions in the business. Madison Investment Advisors LLC acquired a new position in shares of THOR Industries during the 4th quarter valued at about $95,688,000. ACR Alpine Capital Research LLC raised its position in shares of THOR Industries by 40.6% in 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 buying an additional 619,318 shares during the period. Raymond James Financial Inc. purchased a new stake in THOR Industries during the fourth quarter valued at about $52,497,000. JPMorgan Chase & Co. increased its stake in THOR Industries by 37.7% during the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock worth $165,078,000 after acquiring an additional 411,466 shares during the last quarter. Finally, Natixis Advisors LLC lifted its stake in shares of THOR Industries by 51.3% in the 3rd quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock valued at $55,486,000 after purchasing an additional 171,244 shares in the last quarter. Institutional investors and hedge funds 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.