Thor Industries (NYSE:THO) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Thor Industries (NYSE:THO) from a strong sell rating to a hold rating in a research note published on Thursday,Zacks.com reports.

THO has been the topic of several other research reports. Truist Financial boosted their target price on Thor Industries from $110.00 to $112.00 and gave the stock a “hold” rating in a research report on Tuesday, December 9th. BMO Capital Markets upped their price objective on Thor Industries from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, September 26th. Raymond James Financial raised Thor Industries from an “underperform” rating to a “market perform” rating in a report on Monday, October 27th. DA Davidson restated a “neutral” rating and set a $102.00 target price on shares of Thor Industries in a research report on Thursday, December 4th. Finally, Benchmark reiterated a “hold” rating on shares of Thor Industries in a report on Tuesday, December 2nd. Two research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $104.10.

Thor Industries Price Performance

Shares of THO opened at $105.35 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 1.81. Thor Industries has a fifty-two week low of $63.15 and a fifty-two week high of $117.09. The firm has a 50-day simple moving average of $103.51 and a 200-day simple moving average of $101.33. The company has a market capitalization of $5.57 billion, a price-to-earnings ratio of 33.23, a price-to-earnings-growth ratio of 1.88 and a beta of 1.34.

Thor Industries (NYSE:THO) last posted its quarterly earnings data on Wednesday, December 3rd. The RV manufacturer reported $0.41 EPS for the quarter, beating the consensus estimate of ($0.11) by $0.52. The firm had revenue of $2.39 million during the quarter, compared to the consensus estimate of $2.05 billion. Thor Industries had a return on equity of 7.05% and a net margin of 2.87%.The firm’s revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.03) EPS. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. On average, equities research analysts anticipate that Thor Industries will post 4.64 earnings per share for the current year.

Thor Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 19th. Shareholders of record on Monday, January 5th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, January 5th. Thor Industries’s dividend payout ratio is 65.62%.

Insider Activity at Thor Industries

In other news, COO W. Todd Woelfer sold 1,729 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $103.15, for a total transaction of $178,346.35. Following the completion of the transaction, the chief operating officer directly owned 112,680 shares of the company’s stock, valued at $11,622,942. This trade represents a 1.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.70% of the stock is owned by corporate insiders.

Institutional Trading of Thor Industries

Large investors have recently made changes to their positions in the stock. ACR Alpine Capital Research LLC raised its stake in Thor Industries by 22.5% in the 2nd quarter. ACR Alpine Capital Research LLC now owns 4,265,031 shares of the RV manufacturer’s stock valued at $378,777,000 after purchasing an additional 782,114 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Thor Industries by 1.0% during the third quarter. Dimensional Fund Advisors LP now owns 3,002,337 shares of the RV manufacturer’s stock worth $311,317,000 after buying an additional 29,075 shares in the last quarter. Timucuan Asset Management Inc. FL raised its position in shares of Thor Industries by 9.2% in the second quarter. Timucuan Asset Management Inc. FL now owns 2,674,398 shares of the RV manufacturer’s stock valued at $237,513,000 after buying an additional 225,997 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Thor Industries by 16.7% during the third quarter. American Century Companies Inc. now owns 1,362,071 shares of the RV manufacturer’s stock valued at $141,233,000 after buying an additional 195,357 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in Thor Industries by 0.6% during the third quarter. Envestnet Asset Management Inc. now owns 847,837 shares of the RV manufacturer’s stock worth $87,912,000 after acquiring an additional 4,786 shares during the last quarter. Institutional investors and hedge funds 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.