Truist Trims Thor Industries (NYSE:THO) Target Price to $130.00

Thor Industries (NYSE:THO) had its target price reduced by Truist from $135.00 to $130.00 in a research report report published on Friday morning, Briefing.com reports. Truist currently has a buy rating on the construction company’s stock.

Other equities analysts have also recently issued research reports about the stock. raised shares of Thor Industries from a neutral rating to a buy rating and set a $150.00 target price on the stock in a research report on Thursday, July 1st. Citigroup raised shares of Thor Industries from a neutral rating to a buy rating in a report on Thursday, July 1st. Raymond James began coverage on shares of Thor Industries in a report on Thursday, July 1st. They issued an underperform rating on the stock. Exane BNP Paribas began coverage on shares of Thor Industries in a report on Monday, June 14th. They issued a neutral rating and a $128.00 price target on the stock. Finally, Northcoast Research cut shares of Thor Industries from a buy rating to a neutral rating in a report on Thursday, June 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $133.50.

Thor Industries stock opened at $106.77 on Friday. Thor Industries has a 52 week low of $78.64 and a 52 week high of $152.20. The company’s 50 day moving average price is $114.42 and its two-hundred day moving average price is $123.10. The company has a quick ratio of 0.70, a current ratio of 1.46 and a debt-to-equity ratio of 0.62. The stock has a market cap of $5.91 billion, a P/E ratio of 10.83 and a beta of 2.35.

A number of hedge funds have recently modified their holdings of the business. Sawtooth Solutions LLC raised its holdings in Thor Industries by 24.7% during the 2nd quarter. Sawtooth Solutions LLC now owns 4,410 shares of the construction company’s stock valued at $498,000 after acquiring an additional 873 shares during the period. Marshall Wace LLP bought a new stake in Thor Industries during the 2nd quarter valued at $817,000. Morgan Stanley raised its holdings in Thor Industries by 15.2% during the 2nd quarter. Morgan Stanley now owns 155,475 shares of the construction company’s stock valued at $17,568,000 after acquiring an additional 20,534 shares during the period. HM Payson & Co. raised its holdings in Thor Industries by 38.1% during the 2nd quarter. HM Payson & Co. now owns 64,145 shares of the construction company’s stock valued at $7,248,000 after acquiring an additional 17,695 shares during the period. Finally, Kingsview Wealth Management LLC bought a new stake in Thor Industries during the 2nd quarter valued at $1,840,000. 88.27% of the stock is currently owned by institutional investors and hedge funds.

Thor Industries Company Profile

Thor Industries, Inc engages in the manufacture and sale of recreational vehicles. It operates through the following segments: North American Towable Recreational Vehicles; North American Motorized Recreational Vehicles; and European Recreational Vehicles. The North American Towable Recreational Vehicles segment includes operating entities such as Airstream, Heartland, Jayco, Keystone, and KZ.

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Analyst Recommendations for Thor Industries (NYSE:THO)

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