Citigroup Cuts Thor Industries (NYSE:THO) Price Target to $79.00

Thor Industries (NYSE:THO) had its price objective decreased by Citigroup from $80.00 to $79.00 in a research report report published on Friday morning,Benzinga reports. Citigroup currently has a neutral rating on the RV manufacturer’s stock.

Other research analysts have also recently issued research reports about the stock. BMO Capital Markets lowered their price target on shares of Thor Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. BNP Paribas Exane assumed coverage on shares of Thor Industries in a research report on Monday, April 20th. They set a “neutral” rating for the company. Loop Capital lifted their target price on shares of Thor Industries from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Argus raised shares of Thor Industries to a “hold” rating in a research note on Friday, June 12th. Finally, DA Davidson cut their price target on shares of Thor Industries from $100.00 to $80.00 and set a “neutral” rating for the company in a report on Monday, June 15th. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Thor Industries currently has an average rating of “Hold” and a consensus target price of $92.33.

Thor Industries Price Performance

THO stock opened at $76.78 on Friday. Thor Industries has a 1 year low of $69.71 and a 1 year high of $122.83. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.71 and a quick ratio of 0.80. The firm has a market capitalization of $4.00 billion, a PE ratio of 33.24, a price-to-earnings-growth ratio of 2.03 and a beta of 1.33. The business has a 50 day simple moving average of $75.81 and a 200-day simple moving average of $87.62.

Thor Industries (NYSE:THO) last announced its quarterly earnings data on Wednesday, June 3rd. The RV manufacturer reported $1.86 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.02). The company had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Thor Industries had a return on equity of 5.74% and a net margin of 2.67%.The business’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.53 EPS. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. Equities research analysts anticipate that Thor Industries will post 3.2 earnings per share for the current fiscal year.

Thor Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, July 1st. Thor Industries’s dividend payout ratio (DPR) is 90.04%.

Institutional Investors Weigh In On Thor Industries

Institutional investors have recently made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new stake in shares of Thor Industries in the fourth quarter valued at $29,000. Curio Wealth LLC acquired a new position in Thor Industries during the 4th quarter worth about $36,000. Danske Bank A S purchased a new position in Thor Industries during the 3rd quarter valued at about $41,000. eCIO Inc. purchased a new position in Thor Industries during the 4th quarter valued at about $49,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Thor Industries in the 4th quarter valued at about $51,000. 96.71% of the stock is currently owned by institutional investors and hedge funds.

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.