Citigroup Has Lowered Expectations for Thor Industries (NYSE:THO) Stock Price

Thor Industries (NYSE:THO) had its price target dropped by research analysts at Citigroup from $82.00 to $80.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the RV manufacturer’s stock. Citigroup’s price objective suggests a potential upside of 5.45% from the stock’s previous close.

A number of other analysts have also weighed in on THO. Seaport Research Partners started coverage on Thor Industries in a report on Monday, April 20th. They set a “neutral” rating for the company. Truist Financial cut their price target on Thor Industries from $112.00 to $109.00 and set a “hold” rating for the company in a research note on Wednesday, March 11th. Benchmark reiterated a “hold” rating on shares of Thor Industries in a research report on Wednesday, March 4th. Wall Street Zen cut Thor Industries from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Weiss Ratings upgraded Thor Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $97.89.

Thor Industries Stock Up 1.4%

Shares of THO traded up $1.01 during mid-day trading on Friday, hitting $75.86. 620,724 shares of the company’s stock were exchanged, compared to its average volume of 698,227. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 23.51, a P/E/G ratio of 1.68 and a beta of 1.32. Thor Industries has a fifty-two week low of $69.71 and a fifty-two week high of $122.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.73 and a current ratio of 1.71. The stock’s 50-day moving average is $77.78 and its 200-day moving average is $94.78.

Thor Industries (NYSE:THO) last issued its quarterly earnings results on Wednesday, June 3rd. The RV manufacturer reported $1.86 earnings per share (EPS) 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 analyst estimates of $2.67 billion. Thor Industries had a return on equity of 5.74% and a net margin of 2.67%.The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.53 EPS. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. On average, sell-side analysts anticipate that Thor Industries will post 3.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Thor Industries

A number of hedge funds and other institutional investors have recently modified their holdings of THO. Choreo LLC lifted its stake in Thor Industries by 9.9% in the 4th quarter. Choreo LLC now owns 394,513 shares of the RV manufacturer’s stock worth $41,128,000 after acquiring an additional 35,655 shares in the last quarter. WINTON GROUP Ltd raised its stake in shares of Thor Industries by 115.9% during the 3rd quarter. WINTON GROUP Ltd now owns 57,262 shares of the RV manufacturer’s stock worth $5,937,000 after purchasing an additional 30,740 shares in the last quarter. Triad Investment Management purchased a new stake in shares of Thor Industries during the 4th quarter worth about $4,276,000. Natixis Advisors LLC raised its stake in shares of Thor Industries by 5.4% during the 3rd quarter. Natixis Advisors LLC now owns 686,278 shares of the RV manufacturer’s stock worth $71,160,000 after purchasing an additional 35,294 shares in the last quarter. Finally, Mirabella Financial Services LLP raised its stake in shares of Thor Industries by 65.1% during the 3rd quarter. Mirabella Financial Services LLP now owns 30,340 shares of the RV manufacturer’s stock worth $3,140,000 after purchasing an additional 11,965 shares in 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.