Citigroup Cuts Thor Industries (NYSE:THO) Price Target to $76.00

Thor Industries (NYSE:THO) had its price target trimmed by Citigroup from $79.00 to $76.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a neutral rating on the RV manufacturer’s stock.

A number of other analysts have also weighed in on the company. Benchmark reiterated a “hold” rating on shares of Thor Industries in a research note on Friday, June 12th. Truist Financial lowered their target price on shares of Thor Industries from $109.00 to $80.00 and set a “hold” rating for the company in a research note on Wednesday, July 8th. Zacks Research upgraded shares of Thor Industries from a “strong sell” rating to a “hold” rating in a report on Monday, August 24th. Wall Street Zen raised shares of Thor Industries from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. Finally, Argus upgraded shares of Thor Industries to a “hold” rating in a report on Friday, June 12th. Three equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $90.33.

Thor Industries Stock Down 1.5%

Shares of NYSE THO opened at $67.81 on Wednesday. Thor Industries has a 1 year low of $67.31 and a 1 year high of $122.83. The firm has a 50-day simple moving average of $76.25 and a two-hundred day simple moving average of $77.56. The company has a market cap of $3.53 billion, a P/E ratio of 29.36, a PEG ratio of 1.51 and a beta of 1.34. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.71 and a quick ratio of 0.80.

Institutional Investors Weigh In On Thor Industries

Several hedge funds have recently made changes to their positions in THO. Huntington National Bank increased its stake in shares of Thor Industries by 36.5% during the fourth quarter. Huntington National Bank now owns 916 shares of the RV manufacturer’s stock valued at $94,000 after buying an additional 245 shares during the period. Waverly Advisors LLC lifted its stake in Thor Industries by 4.4% in the second quarter. Waverly Advisors LLC now owns 6,431 shares of the RV manufacturer’s stock worth $483,000 after acquiring an additional 271 shares during the period. State of Michigan Retirement System lifted its stake in Thor Industries by 2.4% in the first quarter. State of Michigan Retirement System now owns 12,718 shares of the RV manufacturer’s stock worth $1,016,000 after acquiring an additional 300 shares during the period. Curio Wealth LLC purchased a new stake in Thor Industries in the fourth quarter worth about $36,000. Finally, Allworth Financial LP bought a new position in Thor Industries during the 2nd quarter worth about $26,000. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

Thor Industries Company Profile

Thor Industries, Inc is a manufacturer of recreational vehicles (RVs) and related products. The company produces towable RVs, including travel trailers and fifth-wheel trailers, as well as motorized RVs such as Class A, Class B and Class C motorhomes. Its portfolio includes well-known brands such as Airstream, Jayco, Entegra Coach, Keystone, Dutchmen, Tiffin and CrossRoads.

Thor also owns Erwin Hymer Group, a major European recreational-vehicle manufacturer whose brands include HYMER, Dethleffs, Bürstner, LMC, Carado and Sunlight.