Citigroup Cuts Thor Industries (NYSE:THO) Price Target to $79.00

Thor Industries (NYSE:THO) had its price objective dropped by investment analysts at Citigroup from $80.00 to $79.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the RV manufacturer’s stock. Citigroup’s price objective would indicate a potential upside of 2.91% from the company’s current price.

A number of other brokerages also recently issued reports on THO. Seaport Research Partners started coverage on Thor Industries in a research report on Monday, April 20th. They set a “neutral” rating on the stock. Argus raised Thor Industries to a “hold” rating in a report on Friday, June 12th. BMO Capital Markets decreased their price target on Thor Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. Roth Capital set a $78.00 price target on Thor Industries in a research note on Thursday, June 4th. Finally, Weiss Ratings cut shares of Thor Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Thor Industries has a consensus rating of “Hold” and an average price target of $92.33.

Thor Industries Stock Performance

NYSE THO traded up $1.77 during trading on Friday, reaching $76.77. The company’s stock had a trading volume of 224,592 shares, compared to its average volume of 720,329. The firm has a 50 day moving average price of $75.75 and a 200 day moving average price of $87.82. Thor Industries has a 12 month low of $69.71 and a 12 month high of $122.83. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 33.20, a price-to-earnings-growth ratio of 2.06 and a beta of 1.33. The company has a current ratio of 1.71, a quick ratio of 0.80 and a debt-to-equity ratio of 0.20.

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

Hedge Funds Weigh In On Thor Industries

Several hedge funds and other institutional investors have recently modified their holdings of the business. Parallel Advisors LLC raised its holdings in shares of Thor Industries by 16.9% during the 4th quarter. Parallel Advisors LLC now owns 621 shares of the RV manufacturer’s stock worth $64,000 after buying an additional 90 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Thor Industries by 1.7% in the second quarter. BNP Paribas Financial Markets now owns 6,072 shares of the RV manufacturer’s stock valued at $539,000 after buying an additional 99 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Thor Industries by 0.3% in the second quarter. CANADA LIFE ASSURANCE Co now owns 34,810 shares of the RV manufacturer’s stock valued at $3,089,000 after buying an additional 104 shares in the last quarter. CWM LLC grew its position in Thor Industries by 18.9% in the fourth quarter. CWM LLC now owns 794 shares of the RV manufacturer’s stock valued at $82,000 after acquiring an additional 126 shares during the last quarter. Finally, Benjamin Edwards Inc. raised its stake in Thor Industries by 5.9% during the fourth quarter. Benjamin Edwards Inc. now owns 2,435 shares of the RV manufacturer’s stock worth $250,000 after acquiring an additional 136 shares in the last quarter. 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.