Citigroup Lowers Thor Industries (NYSE:THO) Price Target to $108.00

Thor Industries (NYSE:THO) had its price objective reduced by Citigroup from $117.00 to $108.00 in a report released on Friday,Benzinga reports. The firm presently has a “neutral” rating on the RV manufacturer’s stock. Citigroup’s target price would suggest a potential upside of 7.18% from the stock’s current price.

Several other analysts also recently weighed in on the stock. BMO Capital Markets lifted their price target on shares of Thor Industries from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, September 26th. Raymond James Financial upgraded Thor Industries from an “underperform” rating to a “market perform” rating in a report on Monday, October 27th. Weiss Ratings restated a “hold (c)” rating on shares of Thor Industries in a research note on Wednesday, October 8th. Robert W. Baird upped their price objective on shares of Thor Industries from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Benchmark reiterated a “hold” rating on shares of Thor Industries in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Thor Industries presently has a consensus rating of “Hold” and an average price target of $103.90.

Thor Industries Trading Down 1.2%

THO stock traded down $1.27 during midday trading on Friday, reaching $100.77. The company’s stock had a trading volume of 873,545 shares, compared to its average volume of 743,431. Thor Industries has a 1 year low of $63.15 and a 1 year high of $117.09. The firm has a market capitalization of $5.32 billion, a price-to-earnings ratio of 24.16, a PEG ratio of 1.76 and a beta of 1.32. The stock has a fifty day simple moving average of $103.91 and a two-hundred day simple moving average of $98.35. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.90 and a current ratio of 1.81.

Thor Industries (NYSE:THO) last posted its quarterly earnings results on Wednesday, December 3rd. The RV manufacturer reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.52. Thor Industries had a net margin of 2.87% and a return on equity of 7.05%. The firm had revenue of $2.39 million for the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the prior year, the business posted ($0.03) earnings per share. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. On average, equities research analysts predict that Thor Industries will post 4.64 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Thor Industries by 6.5% in the first quarter. Vanguard Group Inc. now owns 5,376,681 shares of the RV manufacturer’s stock valued at $407,606,000 after buying an additional 326,584 shares during the last quarter. ACR Alpine Capital Research LLC increased its holdings in shares of Thor Industries by 22.5% during the second quarter. ACR Alpine Capital Research LLC now owns 4,265,031 shares of the RV manufacturer’s stock valued at $378,777,000 after acquiring an additional 782,114 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Thor Industries by 1.0% during the third quarter. Dimensional Fund Advisors LP now owns 3,002,337 shares of the RV manufacturer’s stock valued at $311,317,000 after acquiring an additional 29,075 shares in the last quarter. Timucuan Asset Management Inc. FL grew its position in Thor Industries by 9.2% during the 2nd quarter. Timucuan Asset Management Inc. FL now owns 2,674,398 shares of the RV manufacturer’s stock worth $237,513,000 after purchasing an additional 225,997 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Thor Industries by 16.7% during the 3rd quarter. American Century Companies Inc. now owns 1,362,071 shares of the RV manufacturer’s stock valued at $141,233,000 after purchasing an additional 195,357 shares in the last quarter. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

Thor Industries Company Profile

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.