Truist Financial Increases THOR Industries (NYSE:THO) Price Target to $110.00

THOR Industries (NYSE:THO) had its price objective increased by equities researchers at Truist Financial from $98.00 to $110.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “hold” rating on the construction company’s stock. Truist Financial’s price objective would suggest a potential upside of 10.21% from the company’s previous close.

A number of other equities analysts also recently issued reports on THO. StockNews.com upgraded shares of THOR Industries from a “sell” rating to a “hold” rating in a report on Monday. Bank of America initiated coverage on shares of THOR Industries in a research report on Friday, December 13th. They set a “neutral” rating and a $120.00 price target for the company. Finally, Benchmark restated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $113.17.

THOR Industries Stock Performance

Shares of THO stock opened at $99.81 on Monday. THOR Industries has a 52-week low of $88.37 and a 52-week high of $129.31. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. The stock’s 50-day moving average price is $100.42 and its 200 day moving average price is $104.23. The stock has a market capitalization of $5.31 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 1.17 and a beta of 1.69.

Hedge Funds Weigh In On THOR Industries

Several institutional investors and hedge funds have recently bought and sold shares of THO. Wealthfront Advisers LLC purchased a new position in THOR Industries in the fourth quarter valued at approximately $1,006,000. Tortoise Investment Management LLC boosted its position in THOR Industries by 78.3% during the 4th quarter. Tortoise Investment Management LLC now owns 576 shares of the construction company’s stock worth $55,000 after purchasing an additional 253 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in THOR Industries by 14.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,590 shares of the construction company’s stock worth $1,301,000 after purchasing an additional 1,706 shares during the period. AlphaQuest LLC acquired a new stake in THOR Industries in the 4th quarter valued at $369,000. Finally, Amundi raised its position in THOR Industries by 26.2% in the fourth quarter. Amundi now owns 4,354 shares of the construction company’s stock valued at $415,000 after purchasing an additional 905 shares during the period. Institutional investors and hedge funds 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.