Thor Industries (NYSE:THO) Lowered to “Sell” Rating by Wall Street Zen

Thor Industries (NYSE:THO) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Other analysts have also recently issued research reports about the company. Citigroup cut their target price on Thor Industries from $82.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday. Bank of America cut their target price on Thor Industries from $120.00 to $96.00 and set a “buy” rating for the company in a research report on Thursday. Seaport Research Partners started coverage on Thor Industries in a research report on Monday, April 20th. They set a “neutral” rating for the company. DA Davidson cut their target price on Thor Industries from $102.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, March 4th. Finally, Truist Financial cut their target price on Thor Industries from $112.00 to $109.00 and set a “hold” rating for the company in a research report on Wednesday, March 11th. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Thor Industries currently has a consensus rating of “Hold” and a consensus price target of $97.89.

Thor Industries Stock Performance

Shares of THO opened at $75.78 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.71 and a debt-to-equity ratio of 0.20. The business has a 50-day simple moving average of $77.66 and a two-hundred day simple moving average of $94.65. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 1.58 and a beta of 1.32. Thor Industries has a 52 week low of $69.71 and a 52 week high of $122.83.

Thor Industries (NYSE:THO) last released its earnings results on Wednesday, June 3rd. The RV manufacturer reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.02). Thor Industries had a return on equity of 5.74% and a net margin of 2.67%.The business had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter in the prior year, the business posted $2.53 EPS. The business’s revenue for the quarter 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 expect that Thor Industries will post 3.55 EPS for the current year.

Institutional Investors Weigh In On Thor Industries

Institutional investors have recently modified their holdings of the stock. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Thor Industries in the 3rd quarter valued at approximately $27,000. V Square Quantitative Management LLC bought a new stake in shares of Thor Industries during the 4th quarter worth approximately $29,000. Curio Wealth LLC bought a new stake in shares of Thor Industries during the 4th quarter worth approximately $36,000. Danske Bank A S bought a new stake in shares of Thor Industries during the 3rd quarter worth approximately $41,000. Finally, eCIO Inc. bought a new stake in shares of Thor Industries during the 4th quarter worth approximately $49,000. 96.71% of the stock is owned by institutional investors.

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.