Bank of America Cuts Thor Industries (NYSE:THO) Price Target to $86.00

Thor Industries (NYSE:THO) had its price objective cut by Bank of America from $96.00 to $86.00 in a research note published on Monday,Benzinga reports. They currently have a buy rating on the RV manufacturer’s stock.

THO has been the topic of several other reports. Loop Capital lifted their target price on shares of Thor Industries from $90.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. BMO Capital Markets dropped their price target on shares of Thor Industries from $110.00 to $95.00 and set an “outperform” rating for the company in a research report on Tuesday, September 15th. Citigroup cut their price target on shares of Thor Industries from $79.00 to $76.00 and set a “neutral” rating for the company in a research note on Wednesday, September 16th. Zacks Research raised Thor Industries from a “strong sell” rating to a “hold” rating in a report on Monday, August 24th. Finally, DA Davidson lowered their price objective on Thor Industries from $100.00 to $80.00 and set a “neutral” rating on the stock in a research note on Monday, June 15th. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Thor Industries currently has a consensus rating of “Hold” and an average price target of $84.89.

Thor Industries Stock Down 2.4%

Shares of THO stock opened at $72.01 on Monday. Thor Industries has a one year low of $67.31 and a one year high of $122.83. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.77 and a quick ratio of 0.80. The stock has a fifty day moving average price of $76.19 and a 200 day moving average price of $77.05. The stock has a market cap of $3.75 billion, a P/E ratio of 21.24, a price-to-earnings-growth ratio of 2.13 and a beta of 1.34.

Thor Industries (NYSE:THO) last announced its quarterly earnings results 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). Thor Industries had a net margin of 1.85% and a return on equity of 3.76%. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period last year, the firm earned $2.36 EPS. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. Analysts predict that Thor Industries will post 4.29 earnings per share for the current year.

Institutional Trading of Thor Industries

Several large investors have recently added to or reduced their stakes in THO. BlackRock Inc. acquired a new position in shares of Thor Industries in the 2nd quarter worth approximately $363,258,000. Madison Asset Management LLC bought a new position in Thor Industries in the 2nd quarter valued at $66,217,000. Canada Pension Plan Investment Board bought a new position in Thor Industries in the 2nd quarter valued at $65,419,000. ACR Alpine Capital Research LLC boosted its stake in Thor Industries by 18.6% in the first quarter. ACR Alpine Capital Research LLC now owns 4,903,124 shares of the RV manufacturer’s stock worth $391,711,000 after purchasing an additional 769,342 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its holdings in shares of Thor Industries by 130.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,081,238 shares of the RV manufacturer’s stock worth $111,011,000 after purchasing an additional 611,639 shares during the last quarter. 96.71% of the stock is owned by institutional investors.

Trending Headlines about Thor Industries

Here are the key news stories impacting Thor Industries this week:

• Positive Sentiment: Thor generated $2.31 billion in fourth-quarter revenue, above analysts’ expectations of approximately $2.17 billion. European sales remained relatively resilient, increasing 3.1% on a constant-currency basis for fiscal 2026 and providing geographic diversification. Thor Industries fiscal 2026 results
• Positive Sentiment: Management said dealer inventory levels were healthy and inventory turns improved from the prior quarter. Thor also reduced debt by $59.7 million during the year, repurchased $115.1 million of shares, and retained substantial liquidity. The stock’s low valuation range, dividend, institutional buying and analyst targets above the current quotation could support longer-term upside. Thor Industries valuation and outlook
• Neutral Sentiment: Robert W. Baird lowered its price target from $90 to $80 while maintaining a “neutral” rating. The revised target still implies potential appreciation, but the reduction reflects more cautious expectations for the RV cycle. Baird price target update
• Negative Sentiment: Fourth-quarter adjusted EPS was $0.78, below consensus estimates ranging from $0.88 to $0.93 and down from $2.36 a year earlier. Revenue declined 8.4% year over year, while net income fell 67.5% to $40.8 million. THO fourth-quarter earnings miss
• Negative Sentiment: North American RV volume and margins contracted significantly. Gross margin fell 230 basis points to 12.4%, and full-year EPS dropped 30.2% to $3.38, underscoring the impact of weak consumer demand and industry headwinds.
• Negative Sentiment: Thor delayed providing a fiscal 2027 outlook, while management indicated that many challenges could persist into the new year. The lack of guidance increases uncertainty and limits near-term catalysts. Thor Industries fiscal 2027 headwinds

About Thor Industries

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.