Thor Industries (NYSE:THO) Price Target Lowered to $120.00 at BMO Capital Markets

Thor Industries (NYSE:THO) had its target price dropped by analysts at BMO Capital Markets from $125.00 to $120.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the RV manufacturer’s stock. BMO Capital Markets’ price target would suggest a potential upside of 44.93% from the stock’s current price.

A number of other equities research analysts have also issued reports on THO. Weiss Ratings restated a “hold (c)” rating on shares of Thor Industries in a research note on Wednesday, January 21st. Loop Capital set a $133.00 target price on shares of Thor Industries in a research note on Tuesday, January 13th. DA Davidson cut their target price on shares of Thor Industries from $102.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, March 4th. Benchmark reiterated a “hold” rating on shares of Thor Industries in a research report on Wednesday, March 4th. Finally, Citigroup cut their price objective on shares of Thor Industries from $116.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 4th. Three investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $105.60.

Thor Industries Stock Up 5.8%

NYSE THO traded up $4.57 during mid-day trading on Friday, reaching $82.80. 37,015 shares of the company’s stock traded hands, compared to its average volume of 687,330. Thor Industries has a 1-year low of $66.84 and a 1-year high of $122.83. The company has a current ratio of 1.76, a quick ratio of 0.73 and a debt-to-equity ratio of 0.20. The company has a market cap of $4.36 billion, a price-to-earnings ratio of 25.70, a P/E/G ratio of 1.48 and a beta of 1.45. The company has a fifty day simple moving average of $91.24 and a 200-day simple moving average of $101.12.

Thor Industries (NYSE:THO) last released its quarterly earnings results on Tuesday, March 3rd. The RV manufacturer reported $0.34 earnings per share 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 business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the company earned ($0.01) earnings per share. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. As a group, equities research analysts expect that Thor Industries will post 4.64 EPS for the current year.

Insider Activity

In related news, Director Peter Busch Orthwein acquired 2,600 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was acquired at an average cost of $88.25 per share, for a total transaction of $229,450.00. Following the completion of the acquisition, the director directly owned 139,000 shares of the company’s stock, valued at approximately $12,266,750. The trade was a 1.91% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.70% of the stock is owned by company insiders.

Institutional Trading of Thor Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC boosted its position 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 valued at $64,000 after purchasing an additional 90 shares in the last quarter. Kingsview Wealth Management LLC boosted its position in shares of Thor Industries by 3.9% during 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 in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Thor Industries by 1.7% during 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 in the last quarter. Cibc World Market Inc. boosted its position in shares of Thor Industries by 0.7% during 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 in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its position in shares of Thor Industries by 0.3% during 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 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.