Thor Industries, Inc. (NYSE:THO) Stock Has Average Target Price of $84.89 According to Analysts

Shares of Thor Industries, Inc. (NYSE:THO) have received an average recommendation of “Hold” from the fourteen ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $84.89.

Several research firms have weighed in on THO. Bank of America lowered their target price on Thor Industries from $96.00 to $86.00 and set a “buy” rating on the stock in a research note on Monday, September 21st. Truist Financial decreased their price target on shares of Thor Industries from $109.00 to $80.00 and set a “hold” rating for the company in a report on Wednesday, July 8th. Zacks Research raised shares of Thor Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, August 24th. DA Davidson dropped 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 note on Monday, June 15th. Finally, Roth Capital reiterated a “neutral” rating and issued a $74.00 price objective on shares of Thor Industries in a research note on Wednesday, September 23rd.

Thor Industries Trading Up 0.1%

NYSE THO opened at $69.59 on Wednesday. The firm’s 50 day moving average price is $75.35 and its two-hundred day moving average price is $76.36. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.85 and a current ratio of 1.77. Thor Industries has a twelve month low of $67.31 and a twelve month high of $122.83. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 0.95 and a beta of 1.43.

Thor Industries (NYSE:THO) last issued its earnings results on Tuesday, September 22nd. The RV manufacturer reported $0.78 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.10). The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.17 billion. Thor Industries had a return on equity of 3.76% and a net margin of 1.85%.The business’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period last year, the business earned $2.36 EPS. Equities analysts anticipate that Thor Industries will post 4.12 EPS for the current year.

Institutional Trading of Thor Industries

Several hedge funds and other institutional investors have recently modified their holdings of THO. BlackRock Inc. purchased a new position in Thor Industries in the second quarter valued at about $363,258,000. Madison Asset Management LLC acquired a new stake in shares of Thor Industries during the 2nd quarter valued at about $66,217,000. Canada Pension Plan Investment Board acquired a new position in Thor Industries in the second quarter worth approximately $65,419,000. ACR Alpine Capital Research LLC raised its position in Thor Industries by 18.6% during the first quarter. ACR Alpine Capital Research LLC now owns 4,903,124 shares of the RV manufacturer’s stock valued at $391,711,000 after acquiring an additional 769,342 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in Thor Industries by 130.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,081,238 shares of the RV manufacturer’s stock valued at $111,011,000 after acquiring an additional 611,639 shares during the last quarter. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

Thor Industries Company Profile

Thor Industries, Inc is a recreational vehicle (RV) manufacturer headquartered in Elkhart, Indiana. The company designs, manufactures, and sells towable and motorized RVs, including travel trailers, fifth wheels, conventional motorhomes, and touring coaches. Its products are marketed for vacation travel, camping, and other forms of recreational use.

Thor’s North American portfolio includes well-known brands such as Airstream, Jayco, Keystone, Dutchmen, and CrossRoads. Airstream produces premium travel trailers and touring coaches, while the company’s other brands serve a broad range of customers and price points across the RV market.

Thor also operates internationally through the Erwin Hymer Group, a major European recreational vehicle platform.