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THOR Industries (NYSE: THO – Received Rating)Investment analysts at Roth Capital changed their rating on the company’s shares to ‘neutral’ in a research report issued on Tuesday, PriceTargets.com reported.
Several other analysts also recently commented on the company. Citigroup has raised THOR Industries’ target price from $87.00 to $94.00, giving the company a “neutral” rating in its research notes on Friday, February 24. Truist Financial increased its price target for THOR Industries from $70.00 to $80.00 in a research note on Friday, February 17. Finally, DA Davidson lowered his THOR Industries target price to $77.00 from his $84.00, setting the company’s rating to “neutral” in Thursday’s report. Two equity research analysts gave sell ratings, eight gave hold ratings, and two assigned buy ratings to the company’s shares. Based on MarketBeat.com data, the stock currently has an average rating of Hold and a consensus target price of $80.63.
THOR Industries price/performance ratio
THO shares opened at $86.30 on Tuesday. The company has a market capitalization of $4.62 billion, a PE ratio of 5.95 and a beta of 1.79. THOR Industries has a 52-week low of $66.26 and a 52-week high of $105.36. His 50-day moving average price for this business is $90.91 and his 200-day moving average price is $83.59. The company has an equity ratio of 0.46, a quick ratio of 0.70 and a current ratio of 1.95.
THOR Industries (NYSE:THO – Get Rating) last reported its financial results on Tuesday, March 7. The construction firm reported his earnings per share (EPS) of $0.50 for the quarter, but missed analyst consensus expectations of $1.10 ($0.60). The company’s revenue for the quarter was $2.35 billion, compared with analyst estimates of $2.49 billion. THOR Industries had a net profit margin of 5.69% and a return on equity of 21.88%. The company’s revenue fell 39.4% year-on-year. In the same quarter last year, the company earned his EPS of $4.79. On average, equity analysts expect THOR Industries to post EPS of 6 shares this year.
Institutional investors look to Toll Industries
Institutional investors and hedge funds have recently changed their positions in the business. CoreCap Advisors LLC acquired a new stake in his THOR Industries worth approximately $26,000 in the fourth quarter. Ronald Blue Trust Inc. increased his THOR Industries stake by 293.6% in the fourth quarter. Ronald Blue Trust Inc. now owns 433 of his shares worth $30,000 in the construction company after purchasing an additional 323 of his shares during the previous quarter. Northwestern Mutual Wealth Management Co. increased his stake in THOR Industries by 52.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 445 shares in the construction company, valued at $33,000, after purchasing an additional 153 shares last quarter. CI Investments Inc. increased his THOR Industries stake by 73.2% in the fourth quarter. CI Investments Inc. now owns 471 shares in the construction company, valued at $36,000, after purchasing an additional 199 shares last quarter. Finally, Industrial Alliance Investment Management Inc. increased his THOR Industries stake by 343.9% in the fourth quarter. Industrial Alliance Investment Management now owns 617 shares worth $47,000 in the construction company after purchasing an additional 478 shares during the previous quarter. Institutional investors and hedge funds own 98.68% of the company’s shares.
THOR INDUSTRIES COMPANY PROFILE
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Thor Industries, Inc manufactures and sells recreational vehicles. It operates through the following segments: North American Towable RVs, North American Electric RVs, and European RVs. The North America Towed Recreational Vehicles segment includes entities such as Airstream, Heartland, Jaco, Keystone and KZ.
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