Thor Industries (NYSE:THO) Cut to “Hold” at Wall Street Zen

Thor Industries (NYSE:THO) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

THO has been the topic of a number of other research reports. BMO Capital Markets cut their target price on shares of Thor Industries from $135.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday. Truist Financial upped their target price on Thor Industries from $110.00 to $112.00 and gave the company a “hold” rating in a report on Tuesday, December 9th. UBS Group set a $97.00 price target on Thor Industries in a research report on Thursday, December 4th. Loop Capital set a $133.00 price objective on Thor Industries in a research report on Tuesday, January 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Thor Industries in a research note on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $106.40.

Thor Industries Stock Down 4.3%

THO stock opened at $86.39 on Friday. The firm has a market cap of $4.54 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 1.72 and a beta of 1.43. Thor Industries has a 1-year low of $63.15 and a 1-year high of $122.83. The firm has a fifty day moving average price of $109.74 and a two-hundred day moving average price of $106.71. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.76 and a quick ratio of 0.83.

Thor Industries (NYSE:THO) last posted its quarterly earnings results on Tuesday, March 3rd. The RV manufacturer reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.31. Thor Industries had a net margin of 3.02% and a return on equity of 6.96%. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the firm posted ($0.01) EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. Research analysts predict that Thor Industries will post 4.64 EPS for the current year.

Insider Activity at Thor Industries

In other news, COO W. Todd Woelfer sold 4,567 shares of Thor Industries stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $114.84, for a total transaction of $524,474.28. Following the sale, the chief operating officer owned 104,109 shares of the company’s stock, valued at approximately $11,955,877.56. The trade was a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.70% of the company’s stock.

Institutional Trading of Thor Industries

Several large investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC raised its stake in Thor Industries by 16.9% during the 4th quarter. Parallel Advisors LLC now owns 621 shares of the RV manufacturer’s stock valued at $64,000 after acquiring an additional 90 shares in the last quarter. Kingsview Wealth Management LLC increased its holdings in shares of Thor Industries by 3.9% during the third quarter. Kingsview Wealth Management LLC now owns 2,659 shares of the RV manufacturer’s stock valued at $276,000 after purchasing an additional 99 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Thor Industries by 1.7% during the second quarter. BNP Paribas Financial Markets now owns 6,072 shares of the RV manufacturer’s stock valued at $539,000 after purchasing an additional 99 shares during the period. Country Trust Bank lifted its holdings in Thor Industries by 50.0% in the second quarter. Country Trust Bank now owns 300 shares of the RV manufacturer’s stock worth $27,000 after purchasing an additional 100 shares during the period. Finally, Cibc World Market Inc. grew its position in Thor Industries by 0.7% in the 3rd quarter. Cibc World Market Inc. now owns 14,773 shares of the RV manufacturer’s stock valued at $1,532,000 after buying an additional 104 shares in the last quarter. 96.71% of the stock is currently owned by institutional investors and hedge funds.

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.