Thor Industries (NYSE:THO) Price Target Cut to $80.00 by Analysts at Truist Financial

Thor Industries (NYSE:THO) had its price target reduced by research analysts at Truist Financial from $109.00 to $80.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the RV manufacturer’s stock. Truist Financial’s price target would suggest a potential upside of 12.20% from the company’s previous close.

THO has been the topic of several other research reports. Zacks Research lowered Thor Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, June 5th. Citigroup reduced their price target on shares of Thor Industries from $82.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, June 5th. BMO Capital Markets dropped their price objective on shares of Thor Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. BNP Paribas Exane initiated coverage on shares of Thor Industries in a research note on Monday, April 20th. They set a “neutral” rating on the stock. Finally, Seaport Research Partners started coverage on shares of Thor Industries in a report on Monday, April 20th. They set a “neutral” rating on the stock. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $92.44.

Thor Industries Price Performance

THO traded down $4.20 during trading on Wednesday, hitting $71.30. The company’s stock had a trading volume of 50,485 shares, compared to its average volume of 719,756. The business’s fifty day simple moving average is $76.28 and its 200 day simple moving average is $90.39. Thor Industries has a twelve month low of $69.71 and a twelve month high of $122.83. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 30.98, a P/E/G ratio of 2.01 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 posted its quarterly earnings data on Wednesday, June 3rd. The RV manufacturer reported $1.86 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.02). The firm had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.67 billion. Thor Industries had a net margin of 2.67% and a return on equity of 5.74%. 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 earnings per share. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. On average, equities research analysts forecast that Thor Industries will post 3.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Thor Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. Life Cycle Investment Partners Ltd purchased a new stake in Thor Industries in the 4th quarter worth approximately $255,482,000. ACR Alpine Capital Research LLC boosted its holdings in Thor Industries by 18.6% in the first quarter. ACR Alpine Capital Research LLC now owns 4,903,124 shares of the RV manufacturer’s stock valued at $391,711,000 after acquiring an additional 769,342 shares during the last quarter. Balyasny Asset Management L.P. grew its position in Thor Industries by 130.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,081,238 shares of the RV manufacturer’s stock valued at $111,011,000 after acquiring an additional 611,639 shares during the period. Bbfit Investments PTE Ltd. acquired a new stake in Thor Industries during the fourth quarter worth about $27,076,000. Finally, Norges Bank purchased a new position in shares of Thor Industries in the 4th quarter worth about $21,729,000. 96.71% of the stock is currently owned by institutional investors and hedge funds.

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.