Robert W. Baird Increases Thor Industries (NYSE:THO) Price Target to $110.00

Key Points

• Robert W. Baird has raised the price target for Thor Industries from $90.00 to $110.00, suggesting a potential upside of 3.86% from its current price.
• Several analysts have given Thor Industries a "neutral" rating, with Citigroup setting a higher price objective of $112.00.
• Thor Industries recently initiated a $400 million stock repurchase plan, indicating confidence in its stock valuation among the firm's leadership.

Thor Industries (NYSE:THO - Get Free Report) had its target price increased by stock analysts at Robert W. Baird from $90.00 to $110.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the RV manufacturer's stock. Robert W. Baird's target price would suggest a potential upside of 3.86% from the company's current price.

Several other equities analysts have also recently weighed in on the stock. Citigroup increased their price objective on Thor Industries from $100.00 to $112.00 and gave the stock a "neutral" rating in a research note on Friday, September 12th. Roth Capital set a $93.00 price objective on shares of Thor Industries and gave the company a "neutral" rating in a research report on Wednesday, September 17th. KeyCorp raised Thor Industries from an "underweight" rating to a "sector weight" rating in a research note on Friday, August 1st. Wall Street Zen upgraded shares of Thor Industries from a "sell" rating to a "hold" rating in a report on Friday, June 6th. Finally, Zacks Research raised shares of Thor Industries from a "strong sell" rating to a "hold" rating in a report on Wednesday, September 3rd. Two analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $100.00.

Thor Industries Trading Down 2.4%

THO traded down $2.58 during trading on Thursday, reaching $105.92. The company had a trading volume of 227,414 shares, compared to its average volume of 782,391. The firm's 50-day simple moving average is $102.51 and its 200 day simple moving average is $88.10. The company has a market cap of $5.63 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 2.08 and a beta of 1.34. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.71. Thor Industries has a 12-month low of $63.15 and a 12-month high of $118.85.

Thor Industries declared that its Board of Directors has initiated a stock repurchase plan on Monday, June 23rd that permits the company to buyback $400.00 million in shares. This buyback authorization permits the RV manufacturer to purchase up to 8.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its stock is undervalued.

Hedge Funds Weigh In On Thor Industries

Institutional investors have recently bought and sold shares of the business. Hantz Financial Services Inc. raised its holdings in shares of Thor Industries by 2,463.6% in the second quarter. Hantz Financial Services Inc. now owns 282 shares of the RV manufacturer's stock valued at $25,000 after buying an additional 271 shares during the last quarter. Country Trust Bank raised its stake in shares of Thor Industries by 50.0% in the second quarter. Country Trust Bank now owns 300 shares of the RV manufacturer's stock worth $27,000 after acquiring an additional 100 shares during the last quarter. Curio Wealth LLC raised its stake in shares of Thor Industries by 33,300.0% in the second quarter. Curio Wealth LLC now owns 334 shares of the RV manufacturer's stock worth $30,000 after acquiring an additional 333 shares during the last quarter. MAI Capital Management raised its stake in shares of Thor Industries by 174.8% in the second quarter. MAI Capital Management now owns 371 shares of the RV manufacturer's stock worth $33,000 after acquiring an additional 236 shares during the last quarter. Finally, Signaturefd LLC raised its stake in shares of Thor Industries by 86.6% in the second quarter. Signaturefd LLC now owns 446 shares of the RV manufacturer's stock worth $40,000 after acquiring an additional 207 shares during the last quarter. Institutional investors own 96.71% of the company's stock.

About Thor Industries

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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