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

THOR Industries (NYSE:THO) had its target price lifted by equities researchers at Truist Financial from $98.00 to $110.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the construction company’s stock. Truist Financial’s price target would suggest a potential upside of 6.91% from the stock’s previous close.

Several other research analysts have also recently commented on the company. StockNews.com upgraded THOR Industries from a “sell” rating to a “hold” rating in a research note on Monday. Benchmark reissued a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. Finally, Bank of America began coverage on shares of THOR Industries in a report on Friday, December 13th. They issued a “neutral” rating and a $120.00 price target on the stock. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $113.17.

THOR Industries Stock Up 1.7 %

Shares of NYSE:THO opened at $102.90 on Monday. The company has a market capitalization of $5.48 billion, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 1.17 and a beta of 1.69. The company has a 50 day moving average of $100.11 and a two-hundred day moving average of $104.22. 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.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in shares of THOR Industries by 37.7% during the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock valued at $165,078,000 after acquiring an additional 411,466 shares during the period. Natixis Advisors LLC boosted its position in THOR Industries by 51.3% during the 3rd quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock worth $55,486,000 after acquiring an additional 171,244 shares during the period. State Street Corp grew its stake in shares of THOR Industries by 2.1% in the third quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock worth $178,462,000 after purchasing an additional 33,619 shares in the last quarter. Jade Capital Advisors LLC acquired a new position in shares of THOR Industries during the third quarter valued at $4,121,000. Finally, Radnor Capital Management LLC bought a new stake in shares of THOR Industries during the third quarter valued at about $631,000. Institutional investors and hedge funds own 96.71% of the company’s stock.

About THOR Industries

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.