THOR Industries’ (THO) Neutral Rating Reiterated at DA Davidson

THOR Industries (NYSE:THO)‘s stock had its “neutral” rating reiterated by stock analysts at DA Davidson in a research note issued on Monday, Benzinga reports. They presently have a $95.00 target price on the construction company’s stock. DA Davidson’s price objective points to a potential downside of 13.83% from the stock’s current price. DA Davidson also issued estimates for THOR Industries’ Q1 2025 earnings at $0.90 EPS, FY2025 earnings at $5.00 EPS and FY2026 earnings at $7.00 EPS.

Other research analysts have also issued reports about the company. Citigroup increased their price objective on THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Truist Financial raised their target price on THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, September 20th. BMO Capital Markets reiterated an “outperform” rating and set a $120.00 price target on shares of THOR Industries in a research report on Thursday, September 19th. Benchmark began coverage on THOR Industries in a research report on Thursday, July 18th. They set a “hold” rating on the stock. Finally, Robert W. Baird lowered their price target on THOR Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, June 6th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $110.80.

THOR Industries Stock Up 0.3 %

Shares of THO stock opened at $110.25 on Monday. The stock’s 50-day simple moving average is $103.52 and its 200-day simple moving average is $101.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.74 and a current ratio of 1.69. The firm has a market capitalization of $5.84 billion, a PE ratio of 22.36 and a beta of 1.67. THOR Industries has a fifty-two week low of $84.54 and a fifty-two week high of $129.31.

THOR Industries (NYSE:THO) last announced its quarterly earnings data on Tuesday, September 24th. The construction company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.33. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.47 billion. THOR Industries had a return on equity of 7.02% and a net margin of 2.64%. The company’s revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.68 earnings per share. Equities analysts expect that THOR Industries will post 5.21 earnings per share for the current year.

Hedge Funds Weigh In On THOR Industries

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Mather Group LLC. acquired a new stake in shares of THOR Industries in the first quarter valued at approximately $30,000. Tortoise Investment Management LLC increased its holdings in shares of THOR Industries by 77.0% in the second quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock valued at $27,000 after purchasing an additional 124 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of THOR Industries by 70.8% in the fourth quarter. Parallel Advisors LLC now owns 292 shares of the construction company’s stock valued at $35,000 after purchasing an additional 121 shares during the last quarter. Quarry LP acquired a new stake in shares of THOR Industries in the second quarter valued at approximately $28,000. Finally, Blue Trust Inc. increased its holdings in shares of THOR Industries by 548.1% in the second quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock valued at $31,000 after purchasing an additional 285 shares during the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

About THOR Industries

THOR Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.