THOR Industries’ (THO) “Underweight” Rating Reaffirmed at KeyCorp

KeyCorp restated their underweight rating on shares of THOR Industries (NYSE:THO) in a report issued on Thursday, Marketbeat Ratings reports. KeyCorp currently has a $65.00 price target on the construction company’s stock.

Several other equities research analysts have also recently issued reports on the stock. BMO Capital Markets decreased their target price on shares of THOR Industries from $120.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Truist Financial decreased their target price on shares of THOR Industries from $110.00 to $90.00 and set a “hold” rating on the stock in a research report on Thursday, March 6th. StockNews.com raised shares of THOR Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. DA Davidson reduced their price target on shares of THOR Industries from $95.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Finally, Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, THOR Industries has a consensus rating of “Hold” and an average price target of $93.00.

THOR Industries Price Performance

THOR Industries stock opened at $80.33 on Thursday. THOR Industries has a 12-month low of $75.78 and a 12-month high of $118.85. The stock has a market capitalization of $4.27 billion, a P/E ratio of 20.54, a P/E/G ratio of 1.16 and a beta of 1.74. The firm’s 50-day moving average is $96.39 and its two-hundred day moving average is $102.20. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78.

THOR Industries (NYSE:THO) last released its earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.08). THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the business posted $0.13 earnings per share. THOR Industries’s revenue was down 8.6% on a year-over-year basis. Equities analysts predict that THOR Industries will post 4.64 earnings per share for the current year.

Institutional Trading of THOR Industries

Hedge funds have recently made changes to their positions in the company. Atala Financial Inc purchased a new stake in shares of THOR Industries during the fourth quarter valued at approximately $27,000. First Horizon Advisors Inc. raised its stake in shares of THOR Industries by 57.3% during the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock valued at $32,000 after purchasing an additional 121 shares during the period. Brooklyn Investment Group purchased a new stake in shares of THOR Industries during the third quarter valued at approximately $38,000. Brown Brothers Harriman & Co. raised its stake in shares of THOR Industries by 369.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company’s stock valued at $40,000 after purchasing an additional 329 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of THOR Industries during the fourth quarter valued at approximately $51,000. Hedge funds and other 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.