Thor Industries (NYSE:THO) Upgraded at Zacks Research

Thor Industries (NYSE:THO) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other analysts have also commented on THO. Citigroup reduced their price target on shares of Thor Industries from $80.00 to $79.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. DA Davidson cut their target price on shares of Thor Industries from $100.00 to $80.00 and set a “neutral” rating for the company in a research report on Monday, June 15th. Argus upgraded shares of Thor Industries to a “hold” rating in a research note on Friday, June 12th. BMO Capital Markets dropped their target price on Thor Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. Finally, Roth Capital set a $78.00 price target on Thor Industries in a research note on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $92.33.

Thor Industries Stock Performance

THO stock opened at $79.53 on Monday. The stock’s 50 day simple moving average is $76.59 and its 200 day simple moving average is $82.21. 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 has a 12-month low of $69.71 and a 12-month high of $122.83. The stock has a market capitalization of $4.14 billion, a PE ratio of 34.43, a price-to-earnings-growth ratio of 1.54 and a beta of 1.33.

Thor Industries (NYSE:THO) last announced its quarterly 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 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 company earned $2.53 earnings per share. The company’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. As a group, research analysts forecast that Thor Industries will post 3.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in THO. ACR Alpine Capital Research LLC raised its position in shares of Thor Industries by 18.6% during 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 buying an additional 769,342 shares during the last quarter. BlackRock Inc. bought a new position in shares of Thor Industries during the second quarter worth $363,258,000. California State Teachers Retirement System boosted its position in shares of Thor Industries by 7,200.4% during the second quarter. California State Teachers Retirement System now owns 4,324,556 shares of the RV manufacturer’s stock worth $325,034,000 after acquiring an additional 4,265,319 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in 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 in the last quarter. Finally, Life Cycle Investment Partners Ltd purchased a new position in Thor Industries during the fourth quarter valued at $255,482,000. 96.71% of the stock is currently owned by institutional investors.

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.