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

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

THO has been the subject of several other research reports. Weiss Ratings upgraded Thor Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday. Seaport Research Partners began coverage on shares of Thor Industries in a report on Monday, April 20th. They set a “neutral” rating for the company. Roth Mkm set a $78.00 price target on shares of Thor Industries in a report on Thursday. Loop Capital lifted their price target on shares of Thor Industries from $90.00 to $96.00 and gave the company a “buy” rating in a report on Thursday. Finally, BMO Capital Markets cut their price target on shares of Thor Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday. Three equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $97.89.

Thor Industries Stock Performance

THO traded up $1.01 during midday trading on Friday, reaching $75.86. The company’s stock had a trading volume of 620,724 shares, compared to its average volume of 698,227. The stock has a market cap of $3.99 billion, a P/E ratio of 23.51, a PEG ratio of 1.68 and a beta of 1.32. The company has a fifty day simple moving average of $77.78 and a 200 day simple moving average of $94.78. The company has a current ratio of 1.71, a quick ratio of 0.73 and a debt-to-equity ratio of 0.20. Thor Industries has a twelve month low of $69.71 and a twelve month high of $122.83.

Thor Industries (NYSE:THO) last announced its quarterly earnings data on Wednesday, June 3rd. The RV manufacturer reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.02). Thor Industries had a return on equity of 5.74% and a net margin of 2.67%.The firm had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same period in the previous year, the business posted $2.53 EPS. Thor Industries’s revenue for the quarter 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. Research analysts expect that Thor Industries will post 3.55 earnings per share for the current year.

Hedge Funds Weigh In On Thor Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the business. ACR Alpine Capital Research LLC boosted its stake 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 worth $391,711,000 after purchasing an additional 769,342 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Thor Industries by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 3,146,574 shares of the RV manufacturer’s stock valued at $251,375,000 after acquiring an additional 96,080 shares during the period. Life Cycle Investment Partners Ltd acquired a new position in shares of Thor Industries during the fourth quarter valued at $255,482,000. Capital Research Global Investors lifted its stake in shares of Thor Industries by 3.2% during the fourth quarter. Capital Research Global Investors now owns 1,581,876 shares of the RV manufacturer’s stock valued at $162,411,000 after acquiring an additional 48,466 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of Thor Industries by 16.7% during the third quarter. American Century Companies Inc. now owns 1,362,071 shares of the RV manufacturer’s stock valued at $141,233,000 after acquiring an additional 195,357 shares during the period. 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.