Truist Financial Lowers Thor Industries (NYSE:THO) Price Target to $110.00

Thor Industries (NYSE:THOGet Free Report) had its price target reduced by equities research analysts at Truist Financial from $115.00 to $110.00 in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage presently has a “hold” rating on the RV manufacturer’s stock. Truist Financial’s price target indicates a potential upside of 11.00% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Zacks Research upgraded Thor Industries from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 3rd. Bank of America boosted their target price on Thor Industries from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Robert W. Baird lifted their price target on Thor Industries from $90.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, September 25th. KeyCorp raised Thor Industries from an “underweight” rating to a “sector weight” rating in a research note on Friday, August 1st. Finally, DA Davidson lifted their price target on Thor Industries from $78.00 to $102.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 30th. Two analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Thor Industries has a consensus rating of “Hold” and an average price target of $104.00.

Check Out Our Latest Analysis on Thor Industries

Thor Industries Stock Performance

NYSE:THO opened at $99.10 on Thursday. The business has a 50 day moving average of $105.31 and a 200 day moving average of $90.12. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 1.75 and a beta of 1.35. Thor Industries has a 1-year low of $63.15 and a 1-year high of $118.85. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 0.90.

Thor Industries declared that its board has initiated a stock buyback plan on Monday, June 23rd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the RV manufacturer to repurchase up to 8.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Thor Industries

Several hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its stake in shares of Thor Industries by 1.7% during the second quarter. BNP Paribas Financial Markets now owns 6,072 shares of the RV manufacturer’s stock valued at $539,000 after buying an additional 99 shares during the period. Country Trust Bank increased its stake in shares of Thor Industries by 50.0% during the second quarter. Country Trust Bank now owns 300 shares of the RV manufacturer’s stock valued at $27,000 after buying an additional 100 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in shares of Thor Industries by 0.3% during the second quarter. CANADA LIFE ASSURANCE Co now owns 34,810 shares of the RV manufacturer’s stock valued at $3,089,000 after buying an additional 104 shares during the period. Fullcircle Wealth LLC increased its stake in shares of Thor Industries by 1.4% during the second quarter. Fullcircle Wealth LLC now owns 9,713 shares of the RV manufacturer’s stock valued at $906,000 after buying an additional 130 shares during the period. Finally, Crossmark Global Holdings Inc. increased its stake in shares of Thor Industries by 4.2% during the first quarter. Crossmark Global Holdings Inc. now owns 3,560 shares of the RV manufacturer’s stock valued at $270,000 after buying an additional 145 shares during the period. 96.71% of the stock is owned by hedge funds and other institutional investors.

About Thor Industries

(Get Free Report)

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.

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Analyst Recommendations for Thor Industries (NYSE:THO)

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