Thor Industries (NYSE:THO) Raised to “Hold” at Zacks Research

Thor Industries (NYSE:THO) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other equities analysts have also commented on the company. Wall Street Zen lowered Thor Industries from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. Benchmark restated a “hold” rating on shares of Thor Industries in a research note on Friday, June 12th. Citigroup decreased their target price on Thor Industries from $80.00 to $79.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Truist Financial lowered their price objective 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. Finally, BMO Capital Markets reduced their target price on shares of Thor Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a 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. Based on data from MarketBeat, Thor Industries presently has an average rating of “Hold” and an average price target of $92.33.

Thor Industries Stock Up 0.1%

Shares of THO opened at $79.53 on Monday. The stock has a 50 day moving average price of $76.59 and a 200 day moving average price of $82.21. Thor Industries has a one year low of $69.71 and a one year high of $122.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.80 and a current ratio of 1.71. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 1.54 and a beta of 1.33.

Thor Industries (NYSE:THO) last announced its quarterly earnings data on Wednesday, June 3rd. The RV manufacturer reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.02). Thor Industries had a net margin of 2.67% and a return on equity of 5.74%. The firm had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter in the previous year, the business posted $2.53 EPS. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. Equities research analysts forecast that Thor Industries will post 3.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Thor Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in THO. Allworth Financial LP acquired a new stake in Thor Industries during the 2nd quarter worth $26,000. Curio Wealth LLC acquired a new stake in Thor Industries during the 4th quarter worth approximately $36,000. Danske Bank A S purchased a new stake in shares of Thor Industries during the third quarter worth approximately $41,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Thor Industries in the 4th quarter valued at $51,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Thor Industries in the second quarter valued at about $52,000. Hedge funds and other institutional investors own 96.71% of the company’s stock.

About Thor Industries

Thor Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and related components for the leisure travel market. Through its family of well-known brands—such as Airstream, Heartland, Jayco, Keystone RV and Thor Motor Coach—the company designs, manufactures and sells a broad range of motorized and towable RVs, complemented by aftermarket parts and service solutions. Thor offers products that span travel trailers, fifth wheels, toy haulers and Class A, B and C motorhomes, addressing both entry-level and premium segments.

Founded in 1980 when Wade Thompson and Peter Orthwein acquired Airstream from Beatrice Foods, Thor Industries has grown organically and through strategic acquisitions to become one of the largest RV producers in the world.