Argus Upgrades Thor Industries (NYSE:THO) to “Hold”

Thor Industries (NYSE:THO) was upgraded by Argus to a “hold” rating in a note issued to investors on Friday,Zacks.com reports.

THO has been the topic of a number of other reports. Roth Mkm set a $78.00 target price on shares of Thor Industries in a report on Thursday, June 4th. Bank of America reduced their target price on shares of Thor Industries from $120.00 to $96.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. Loop Capital boosted their target price on shares of Thor Industries from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. Wall Street Zen lowered shares of Thor Industries from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. Finally, Benchmark reissued a “hold” rating on shares of Thor Industries in a report on Friday. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $97.89.

Thor Industries Trading Up 0.7%

Shares of Thor Industries stock opened at $77.29 on Friday. The firm has a market capitalization of $4.02 billion, a PE ratio of 33.46, a price-to-earnings-growth ratio of 2.06 and a beta of 1.32. 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’s 50 day moving average is $77.45 and its 200 day moving average is $93.95. Thor Industries has a 1 year low of $69.71 and a 1 year high of $122.83.

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 analysts’ consensus estimates 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 previous year, the firm earned $2.53 earnings per share. The company’s revenue 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. Equities research analysts forecast that Thor Industries will post 3.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Thor Industries

A number of institutional investors have recently modified their holdings of the company. Parallel Advisors LLC boosted its stake in shares of Thor Industries by 16.9% in the 4th quarter. Parallel Advisors LLC now owns 621 shares of the RV manufacturer’s stock valued at $64,000 after purchasing an additional 90 shares during the last quarter. Kingsview Wealth Management LLC boosted its stake in shares of Thor Industries by 3.9% in the 3rd 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 last quarter. BNP Paribas Financial Markets boosted its stake in shares of Thor Industries by 1.7% in the 2nd 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 last quarter. Cibc World Market Inc. boosted its stake in shares of 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 purchasing an additional 104 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its stake in shares of Thor Industries by 0.3% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 34,810 shares of the RV manufacturer’s stock valued at $3,089,000 after purchasing an additional 104 shares during the last quarter. 96.71% of the stock is owned by institutional investors.

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.