BMO Capital Markets Cuts Thor Industries (NYSE:THO) Price Target to $95.00

Thor Industries (NYSE:THO) had its target price cut by analysts at BMO Capital Markets from $110.00 to $95.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the RV manufacturer’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 29.03% from the company’s previous close.

Other research analysts also recently issued reports about the stock. DA Davidson lowered their price objective on shares of Thor Industries from $100.00 to $80.00 and set a “neutral” rating on the stock in a research report on Monday, June 15th. Wall Street Zen raised shares of Thor Industries from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. Loop Capital upped their price target on shares of Thor Industries from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Truist Financial cut their price objective on Thor Industries from $109.00 to $80.00 and set a “hold” rating for the company in a report on Wednesday, July 8th. Finally, Roth Capital set a $78.00 price objective on Thor Industries in a research report on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $90.67.

Thor Industries Trading Up 1.0%

NYSE:THO opened at $73.62 on Tuesday. The stock has a market cap of $3.83 billion, a PE ratio of 31.87, a price-to-earnings-growth ratio of 1.60 and a beta of 1.34. Thor Industries has a fifty-two week low of $69.71 and a fifty-two week high of $122.83. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.71 and a quick ratio of 0.80. The stock’s 50-day moving average is $76.58 and its two-hundred day moving average is $78.25.

Hedge Funds Weigh In On Thor Industries

Several institutional investors have recently bought and sold shares of the stock. ACR Alpine Capital Research LLC grew its holdings in shares of Thor Industries by 18.6% in the 1st quarter. ACR Alpine Capital Research LLC now owns 4,903,124 shares of the RV manufacturer’s stock worth $391,711,000 after purchasing an additional 769,342 shares during the last quarter. BlackRock Inc. bought a new stake in Thor Industries during the second quarter worth about $363,258,000. California State Teachers Retirement System increased its holdings in shares of Thor Industries by 7,200.4% during the second quarter. California State Teachers Retirement System now owns 4,324,556 shares of the RV manufacturer’s stock worth $325,034,000 after buying an additional 4,265,319 shares in the last quarter. Life Cycle Investment Partners Ltd acquired a new stake in shares of Thor Industries during the fourth quarter worth approximately $255,482,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Thor Industries by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 3,146,574 shares of the RV manufacturer’s stock valued at $251,375,000 after acquiring an additional 96,080 shares during the last quarter. 96.71% of the stock is currently owned by institutional investors.

Thor Industries Company Profile

Thor Industries, Inc is a manufacturer of recreational vehicles (RVs) and related products. The company produces towable RVs, including travel trailers and fifth-wheel trailers, as well as motorized RVs such as Class A, Class B and Class C motorhomes. Its portfolio includes well-known brands such as Airstream, Jayco, Entegra Coach, Keystone, Dutchmen, Tiffin and CrossRoads.

Thor also owns Erwin Hymer Group, a major European recreational-vehicle manufacturer whose brands include HYMER, Dethleffs, Bürstner, LMC, Carado and Sunlight.