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

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

A number of other research firms also recently issued reports on THO. Roth Mkm set a $78.00 target price on shares of Thor Industries in a research report on Thursday, June 4th. Wall Street Zen downgraded shares of Thor Industries from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. DA Davidson dropped their target price on shares of Thor Industries from $102.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 4th. Seaport Research Partners assumed coverage on shares of Thor Industries in a research report on Monday, April 20th. They set a “neutral” rating on the stock. Finally, Zacks Research downgraded shares of Thor Industries from a “hold” rating to a “strong sell” rating in a research report on Friday, June 5th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $97.89.

Thor Industries Stock Up 0.7%

Thor Industries stock opened at $77.29 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.71 and a debt-to-equity ratio of 0.20. Thor Industries has a 12-month low of $69.71 and a 12-month high of $122.83. The firm’s fifty day moving average is $77.45 and its 200 day moving average is $93.95. The company has a market capitalization of $4.02 billion, a PE ratio of 33.46, a PEG ratio of 2.06 and a beta of 1.32.

Thor Industries (NYSE:THO) last released its earnings results on Wednesday, June 3rd. The RV manufacturer reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.02). Thor Industries had a net margin of 2.67% and a return on equity of 5.74%. The company had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the previous year, the firm earned $2.53 EPS. The firm’s revenue was down 3.9% on a year-over-year basis. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. As a group, sell-side analysts predict that Thor Industries will post 3.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in THO. Jones Financial Companies Lllp lifted its stake in shares of Thor Industries by 433.3% in the first quarter. Jones Financial Companies Lllp now owns 7,061 shares of the RV manufacturer’s stock valued at $535,000 after buying an additional 5,737 shares in the last quarter. United Services Automobile Association bought a new position in shares of Thor Industries in the first quarter valued at $269,000. Empowered Funds LLC bought a new position in shares of Thor Industries in the first quarter valued at $1,177,000. Focus Partners Wealth bought a new position in shares of Thor Industries in the first quarter valued at $255,000. Finally, Prudential Financial Inc. lifted its stake in shares of Thor Industries by 20.4% in the second quarter. Prudential Financial Inc. now owns 5,534 shares of the RV manufacturer’s stock valued at $491,000 after buying an additional 937 shares in 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.