DA Davidson Cuts Thor Industries (NYSE:THO) Price Target to $80.00

Thor Industries (NYSE:THO) had its target price decreased by analysts at DA Davidson from $100.00 to $80.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the RV manufacturer’s stock. DA Davidson’s price objective suggests a potential upside of 5.18% from the company’s current price.

Several other equities analysts have also recently weighed in on THO. Truist Financial cut their target price on shares of Thor Industries from $112.00 to $109.00 and set a “hold” rating for the company in a research note on Wednesday, March 11th. BNP Paribas Exane assumed coverage on shares of Thor Industries in a research note on Monday, April 20th. They set a “neutral” rating on the stock. Citigroup decreased their price objective on Thor Industries from $82.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, June 5th. Seaport Research Partners began coverage on Thor Industries in a report on Monday, April 20th. They issued a “neutral” rating for the company. Finally, Benchmark reiterated a “hold” rating on shares of Thor Industries in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $95.67.

Thor Industries Stock Performance

NYSE:THO traded down $1.11 during trading hours on Monday, reaching $76.06. The company had a trading volume of 395,345 shares, compared to its average volume of 711,762. 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 52 week low of $69.71 and a 52 week high of $122.83. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 32.91, a PEG ratio of 2.07 and a beta of 1.32. The firm’s 50 day moving average price is $77.45 and its 200-day moving average price is $93.88.

Thor Industries (NYSE:THO) last posted 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). Thor Industries had a net margin of 2.67% and a return on equity of 5.74%. The firm had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter last year, the company posted $2.53 EPS. The firm’s revenue 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. On average, analysts forecast that Thor Industries will post 3.17 EPS for the current year.

Institutional Trading of Thor Industries

Large investors have recently modified their holdings of the company. Foster Dykema Cabot & Partners LLC bought a new stake in Thor Industries during the 3rd quarter valued at $27,000. V Square Quantitative Management LLC bought a new stake in shares of Thor Industries in the 4th quarter valued at about $29,000. Curio Wealth LLC purchased a new stake in shares of Thor Industries in the 4th quarter worth approximately $36,000. Danske Bank A S bought a new position in shares of Thor Industries during the third quarter valued at approximately $41,000. Finally, eCIO Inc. bought a new position in shares of Thor Industries during the fourth quarter valued at approximately $49,000. Hedge funds and other institutional investors 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.