THOR Industries (NYSE:THO) PT Raised to $107.00 at Citigroup

Posted by Defense World Staff on Sep 2nd, 2023

THOR Industries (NYSE:THO – Get Free Report) had its price target upped by Citigroup from $97.00 to $107.00 in a note issued to investors on Friday, FlyOnTheWall reports. Citigroup’s target price suggests a potential downside of 1.05% from the stock’s current price.

THO has been the topic of several other reports. Robert W. Baird lifted their price objective on shares of THOR Industries from $95.00 to $110.00 in a research report on Wednesday, June 7th. DA Davidson increased their price objective on THOR Industries from $72.00 to $85.00 in a research note on Thursday, June 8th. Truist Financial lifted their target price on THOR Industries from $72.00 to $84.00 in a research note on Wednesday, June 7th. StockNews.com began coverage on shares of THOR Industries in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Finally, BMO Capital Markets upped their price objective on shares of THOR Industries from $105.00 to $115.00 in a research note on Wednesday, June 7th. Eight equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, THOR Industries currently has a consensus rating of “Hold” and an average price target of $95.00.

Read Our Latest Analysis on THOR Industries

THOR Industries Trading Up 3.2 %

Shares of NYSE THO opened at $108.14 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.79 and a debt-to-equity ratio of 0.42. THOR Industries has a 12 month low of $67.09 and a 12 month high of $116.31. The company has a market cap of $5.76 billion, a price-to-earnings ratio of 10.38 and a beta of 1.85. The business has a fifty day simple moving average of $106.70 and a 200-day simple moving average of $91.96.

THOR Industries (NYSE:THO – Get Free Report) last posted its quarterly earnings data on Tuesday, June 6th. The construction company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $1.17. THOR Industries had a return on equity of 15.13% and a net margin of 4.63%. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the previous year, the company earned $6.32 EPS. The business’s revenue for the quarter was down 37.1% compared to the same quarter last year. Sell-side analysts predict that THOR Industries will post 6.16 EPS for the current year.

Insider Activity

In other news, SVP Kenneth D. Julian sold 10,000 shares of THOR Industries stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $110.72, for a total value of $1,107,200.00. Following the transaction, the senior vice president now directly owns 30,811 shares in the company, valued at $3,411,393.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On THOR Industries

Several hedge funds and other institutional investors have recently modified their holdings of THO. Royal London Asset Management Ltd. lifted its stake in shares of THOR Industries by 37.3% in the fourth quarter. Royal London Asset Management Ltd. now owns 2,651,619 shares of the construction company’s stock valued at $200,264,000 after buying an additional 720,584 shares during the period. LSV Asset Management increased its stake in THOR Industries by 47.2% in the fourth quarter. LSV Asset Management now owns 2,044,929 shares of the construction company’s stock valued at $154,372,000 after acquiring an additional 655,770 shares during the period. Envestnet Asset Management Inc. raised its position in THOR Industries by 176.5% in the first quarter. Envestnet Asset Management Inc. now owns 826,286 shares of the construction company’s stock worth $29,075,000 after purchasing an additional 527,466 shares in the last quarter. Candlestick Capital Management LP lifted its stake in THOR Industries by 118.5% during the second quarter. Candlestick Capital Management LP now owns 895,000 shares of the construction company’s stock worth $92,632,000 after purchasing an additional 485,307 shares during the period. Finally, Norges Bank acquired a new stake in THOR Industries during the fourth quarter valued at approximately $34,637,000. Institutional investors and hedge funds own 96.52% of the company’s stock.

THOR Industries Company Profile

(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.