DA Davidson Reiterates “Neutral” Rating for Thor Industries (NYSE:THO)

Thor Industries (NYSE:THO)‘s stock had its “neutral” rating restated by equities research analysts at DA Davidson in a research note issued to investors on Thursday,Benzinga reports. They currently have a $102.00 price target on the RV manufacturer’s stock. DA Davidson’s target price indicates a potential upside of 1.23% from the stock’s current price.

A number of other equities research analysts have also commented on THO. Truist Financial decreased their price target on Thor Industries from $115.00 to $110.00 and set a “hold” rating on the stock in a research report on Thursday, October 9th. Zacks Research upgraded Thor Industries from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 3rd. Raymond James Financial raised Thor Industries from an “underperform” rating to a “market perform” rating in a report on Monday, October 27th. Loop Capital assumed coverage on shares of Thor Industries in a report on Friday, October 31st. They set a “hold” rating and a $110.00 price objective on the stock. Finally, Roth Capital boosted their target price on shares of Thor Industries from $93.00 to $97.00 and gave the stock a “neutral” rating in a research note on Thursday. Two 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, the company presently has a consensus rating of “Hold” and an average price target of $103.90.

Thor Industries Stock Down 1.2%

THO opened at $100.77 on Thursday. The firm has a market cap of $5.32 billion, a price-to-earnings ratio of 33.37, a PEG ratio of 1.80 and a beta of 1.32. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.90 and a current ratio of 1.81. The firm’s 50-day simple moving average is $103.80 and its 200-day simple moving average is $98.48. Thor Industries has a twelve month low of $63.15 and a twelve month high of $117.09.

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

Institutional Investors Weigh In On Thor Industries

Institutional investors have recently made changes to their positions in the stock. ACR Alpine Capital Research LLC increased its holdings in Thor Industries by 22.5% in 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 purchasing an additional 782,114 shares during the last quarter. Southpoint Capital Advisors LP increased its stake in shares of Thor Industries by 106.2% in the 1st quarter. Southpoint Capital Advisors LP now owns 1,250,000 shares of the RV manufacturer’s stock valued at $94,762,000 after acquiring an additional 643,851 shares during the last quarter. Norges Bank acquired a new stake in shares of Thor Industries in the 2nd quarter valued at approximately $51,597,000. Timucuan Asset Management Inc. FL boosted its stake in Thor Industries by 20.1% during the 1st quarter. Timucuan Asset Management Inc. FL now owns 2,448,401 shares of the RV manufacturer’s stock worth $185,613,000 after acquiring an additional 409,636 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Thor Industries by 6.5% during the first quarter. Vanguard Group Inc. now owns 5,376,681 shares of the RV manufacturer’s stock valued at $407,606,000 after purchasing an additional 326,584 shares during the period. 96.71% of the stock is owned by institutional investors and hedge funds.

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.