Benchmark Reiterates Hold Rating for THOR Industries (NYSE:THO)

Benchmark reaffirmed their hold rating on shares of THOR Industries (NYSE:THO) in a research report sent to investors on Tuesday morning, Benzinga reports.

Other equities research analysts also recently issued reports about the company. DA Davidson reissued a neutral rating and issued a $95.00 price objective on shares of THOR Industries in a research note on Monday, September 30th. BMO Capital Markets reissued an outperform rating and issued a $120.00 price target on shares of THOR Industries in a research report on Thursday, September 19th. Truist Financial boosted their price objective on shares of THOR Industries from $95.00 to $105.00 and gave the company a hold rating in a research report on Friday, September 20th. Citigroup upped their price objective on shares of THOR Industries from $119.00 to $124.00 and gave the company a buy rating in a research note on Thursday, September 26th. Finally, Robert W. Baird decreased their target price on shares of THOR Industries from $120.00 to $110.00 and set an outperform rating for the company in a research note on Thursday, June 6th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, THOR Industries currently has an average rating of Hold and a consensus price target of $110.80.

THOR Industries Trading Up 1.0 %

NYSE:THO opened at $108.64 on Tuesday. The stock has a fifty day simple moving average of $103.89 and a 200 day simple moving average of $101.54. The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of 22.04 and a beta of 1.67. THOR Industries has a 1-year low of $84.54 and a 1-year high of $129.31. The company has a quick ratio of 0.82, a current ratio of 1.69 and a debt-to-equity ratio of 0.27.

THOR Industries (NYSE:THO) last issued its quarterly earnings results on Tuesday, September 24th. The construction company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.35 by $0.33. THOR Industries had a net margin of 2.64% and a return on equity of 7.02%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the prior year, the firm earned $1.68 EPS. The firm’s quarterly revenue was down 7.4% on a year-over-year basis. Sell-side analysts forecast that THOR Industries will post 4.85 earnings per share for the current year.

Hedge Funds Weigh In On THOR Industries

A number of institutional investors have recently modified their holdings of THO. Pacer Advisors Inc. boosted its holdings in THOR Industries by 35.1% during the second quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company’s stock valued at $106,567,000 after acquiring an additional 296,583 shares during the period. Dimensional Fund Advisors LP boosted its stake in THOR Industries by 6.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock valued at $271,097,000 after purchasing an additional 187,019 shares during the period. Scout Investments Inc. grew its holdings in THOR Industries by 89.7% in the 4th quarter. Scout Investments Inc. now owns 239,396 shares of the construction company’s stock valued at $28,309,000 after buying an additional 113,201 shares during the last quarter. American Century Companies Inc. increased its position in THOR Industries by 12.2% in the 2nd quarter. American Century Companies Inc. now owns 723,910 shares of the construction company’s stock worth $67,649,000 after buying an additional 78,832 shares during the period. Finally, ACR Alpine Capital Research LLC increased its position in THOR Industries by 4.3% in the 2nd quarter. ACR Alpine Capital Research LLC now owns 1,524,303 shares of the construction company’s stock worth $142,446,000 after buying an additional 62,716 shares during the period. Institutional investors own 96.71% of the company’s stock.

THOR Industries Company Profile

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.