THOR Industries (NYSE:THO – Get Free Report) had its price objective lifted by Citigroup from $94.00 to $108.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the construction company’s stock. Citigroup’s price target would suggest a potential upside of 2.70% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Truist Financial lifted their price target on shares of THOR Industries from $84.00 to $86.00 and gave the company a “hold” rating in a research report on Tuesday, September 26th. StockNews.com assumed coverage on shares of THOR Industries in a research report on Thursday, October 5th. They set a “hold” rating for the company. Roth Mkm reissued a “neutral” rating and set a $72.00 price target on shares of THOR Industries in a research report on Friday, September 22nd. Finally, BMO Capital Markets restated an “outperform” rating and set a $115.00 price objective on shares of THOR Industries in a research note on Tuesday, September 26th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $96.00.

Check Out Our Latest Analysis on THOR Industries

THOR Industries Trading Up 0.9 %

Shares of NYSE:THO traded up $0.89 on Monday, hitting $105.16. The company had a trading volume of 407,254 shares, compared to its average volume of 597,215. The firm’s 50-day simple moving average is $94.26 and its two-hundred day simple moving average is $98.00. THOR Industries has a 1 year low of $74.00 and a 1 year high of $116.31. The company has a quick ratio of 0.66, a current ratio of 1.63 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 15.13 and a beta of 1.84.

THOR Industries (NYSE:THO – Get Free Report) last issued its quarterly earnings results on Monday, September 25th. The construction company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.73. THOR Industries had a net margin of 3.37% and a return on equity of 9.77%. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.43 billion. During the same period last year, the company posted $5.15 EPS. THOR Industries’s revenue was down 28.4% on a year-over-year basis. Equities analysts anticipate that THOR Industries will post 6.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On THOR Industries

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in THOR Industries by 1.0% during the first quarter. Vanguard Group Inc. now owns 5,312,648 shares of the construction company’s stock valued at $418,105,000 after purchasing an additional 53,286 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in THOR Industries by 1.5% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,223,499 shares of the construction company’s stock valued at $496,912,000 after acquiring an additional 79,595 shares during the last quarter. Dimensional Fund Advisors LP increased its position in THOR Industries by 7.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,372,315 shares of the construction company’s stock valued at $245,534,000 after acquiring an additional 160,806 shares during the last quarter. State Street Corp increased its position in THOR Industries by 0.5% during the first quarter. State Street Corp now owns 1,600,219 shares of the construction company’s stock valued at $127,441,000 after acquiring an additional 8,114 shares during the last quarter. Finally, ACR Alpine Capital Research LLC increased its position in THOR Industries by 0.3% during the third quarter. ACR Alpine Capital Research LLC now owns 1,450,310 shares of the construction company’s stock valued at $137,968,000 after acquiring an additional 3,923 shares during the last quarter. Hedge funds and other institutional investors own 96.52% of the company’s stock.

About THOR Industries (Get Free Report)

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.

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Original: MarketBeat News Feed: Citigroup Boosts THOR Industries (NYSE:THO) Price Target to $108.00