Thor Industries (NYSE:THO) Price Target Lowered to $80.00 at Citigroup

Thor Industries (NYSE:THO) had its price objective decreased by Citigroup from $82.00 to $80.00 in a report issued on Friday morning,Benzinga reports. Citigroup currently has a neutral rating on the RV manufacturer’s stock.

Several other brokerages have also recently issued reports on THO. Loop Capital increased their price objective on Thor Industries from $90.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday. Benchmark reiterated a “hold” rating on shares of Thor Industries in a research note on Wednesday, March 4th. Wall Street Zen cut Thor Industries from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Roth Mkm set a $78.00 price objective on Thor Industries in a research note on Thursday. Finally, Bank of America reduced their price objective on Thor Industries from $120.00 to $96.00 and set a “buy” rating on the stock in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, Thor Industries presently has an average rating of “Hold” and a consensus target price of $97.89.

Thor Industries Trading Up 1.2%

THO opened at $75.78 on Friday. Thor Industries has a 52 week low of $69.71 and a 52 week high of $122.83. The business has a fifty day simple moving average of $77.66 and a 200-day simple moving average of $94.65. The firm has a market cap of $3.95 billion, a P/E ratio of 23.53, a P/E/G ratio of 1.58 and a beta of 1.32. The company has a quick ratio of 0.73, a current ratio of 1.71 and a debt-to-equity ratio of 0.20.

Thor Industries (NYSE:THO) last announced its quarterly earnings data 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). The company had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.67 billion. Thor Industries had a net margin of 2.67% and a return on equity of 5.74%. The firm’s revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.53 earnings per share. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. On average, equities analysts expect that Thor Industries will post 3.55 earnings per share for the current year.

Thor Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 20th. Shareholders of record on Monday, April 6th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Monday, April 6th. Thor Industries’s payout ratio is 64.60%.

Institutional Trading of Thor Industries

Institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp increased its position in shares of Thor Industries by 433.3% during the first quarter. Jones Financial Companies Lllp now owns 7,061 shares of the RV manufacturer’s stock worth $535,000 after purchasing an additional 5,737 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of Thor Industries during the first quarter worth about $269,000. Empowered Funds LLC acquired a new stake in shares of Thor Industries during the first quarter worth about $1,177,000. Focus Partners Wealth acquired a new stake in shares of Thor Industries during the first quarter worth about $255,000. Finally, Prudential Financial Inc. increased its position in shares of Thor Industries by 20.4% during the second quarter. Prudential Financial Inc. now owns 5,534 shares of the RV manufacturer’s stock worth $491,000 after purchasing an additional 937 shares in the last quarter. 96.71% of the stock is owned by hedge funds and other 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.