Robert W. Baird Cuts Thor Industries (NYSE:THO) Price Target to $80.00

Thor Industries (NYSE:THO) had its target price cut by Robert W. Baird from $90.00 to $80.00 in a research report sent to investors on Wednesday, MarketBeat Ratings reports. They currently have a neutral rating on the RV manufacturer’s stock.

A number of other equities research analysts also recently issued reports on the company. BMO Capital Markets lowered their price target on Thor Industries from $110.00 to $95.00 and set an “outperform” rating for the company in a research report on Tuesday, September 15th. Truist Financial cut their price objective on Thor Industries from $109.00 to $80.00 and set a “hold” rating on the stock in a report on Wednesday, July 8th. Argus raised Thor Industries to a “hold” rating in a research note on Friday, June 12th. Citigroup decreased their target price on Thor Industries from $79.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, September 16th. Finally, Loop Capital increased their target price on shares of Thor Industries from $90.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, Thor Industries presently has an average rating of “Hold” and a consensus target price of $84.89.

Thor Industries Stock Performance

NYSE:THO opened at $72.11 on Wednesday. The company has a market cap of $3.72 billion, a P/E ratio of 21.27, a P/E/G ratio of 0.96 and a beta of 1.34. The firm’s 50 day moving average is $75.98 and its two-hundred day moving average is $76.91. Thor Industries has a fifty-two week low of $67.31 and a fifty-two week high of $122.83. The company has a quick ratio of 0.80, a current ratio of 1.77 and a debt-to-equity ratio of 0.20.

Thor Industries (NYSE:THO) last announced its quarterly earnings data on Tuesday, September 22nd. The RV manufacturer reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.10). The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Thor Industries had a net margin of 1.85% and a return on equity of 3.76%. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.36 earnings per share. Analysts expect that Thor Industries will post 4.12 EPS for the current year.

Hedge Funds Weigh In On Thor Industries

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of Thor Industries in the second quarter worth $363,258,000. Madison Asset Management LLC acquired a new stake in Thor Industries in the second quarter valued at $66,217,000. Canada Pension Plan Investment Board bought a new position in Thor Industries during the 2nd quarter valued at $65,419,000. ACR Alpine Capital Research LLC boosted its stake in Thor Industries by 18.6% during the 1st quarter. ACR Alpine Capital Research LLC now owns 4,903,124 shares of the RV manufacturer’s stock valued at $391,711,000 after acquiring an additional 769,342 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its holdings in Thor Industries by 130.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,081,238 shares of the RV manufacturer’s stock worth $111,011,000 after acquiring an additional 611,639 shares in the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.

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.