Thor Industries (NYSE:THO) Stock Price Down 6.6% Following Analyst Downgrade

Shares of Thor Industries, Inc. (NYSE:THO) were down 6.6% during trading on Wednesday after Truist Financial lowered their price target on the stock from $109.00 to $80.00. Truist Financial currently has a hold rating on the stock. Thor Industries traded as low as $71.27 and last traded at $70.5450. Approximately 84,921 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 719,993 shares. The stock had previously closed at $75.50.

THO has been the topic of several other reports. BMO Capital Markets dropped their target price on Thor Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. DA Davidson lowered their price target on Thor Industries from $100.00 to $80.00 and set a “neutral” rating for the company in a report on Monday, June 15th. Benchmark restated a “hold” rating on shares of Thor Industries in a research note on Friday, June 12th. Wall Street Zen downgraded shares of Thor Industries from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. Finally, BNP Paribas Exane began coverage on shares of Thor Industries in a research report on Monday, April 20th. They issued a “neutral” rating for the company. Three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $92.44.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in THO. V Square Quantitative Management LLC acquired a new position in Thor Industries during the fourth quarter worth $29,000. Curio Wealth LLC purchased a new stake in Thor Industries during the fourth quarter worth $36,000. Danske Bank A S acquired a new stake in Thor Industries in the third quarter valued at $41,000. eCIO Inc. purchased a new position in shares of Thor Industries in the fourth quarter valued at $49,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Thor Industries in the fourth quarter valued at $51,000. 96.71% of the stock is owned by hedge funds and other institutional investors.

Thor Industries Stock Down 6.2%

The company has a current ratio of 1.71, a quick ratio of 0.80 and a debt-to-equity ratio of 0.20. The firm has a 50 day moving average price of $76.28 and a 200-day moving average price of $90.39. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 30.55, a P/E/G ratio of 2.01 and a beta of 1.33.

Thor Industries (NYSE:THO) last posted its earnings results on Wednesday, June 3rd. The RV manufacturer reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.02). The business had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Thor Industries had a net margin of 2.67% and a return on equity of 5.74%. The business’s revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.53 earnings per share. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. On average, equities analysts forecast that Thor Industries, Inc. will post 3.2 EPS for the current year.

Thor Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Wednesday, July 1st. Thor Industries’s payout ratio is currently 90.04%.

Thor Industries Company Profile

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.