Citigroup Issues Pessimistic Forecast for Thor Industries (NYSE:THO) Stock Price

Thor Industries (NYSE:THO) had its price target lowered by equities research analysts at Citigroup from $80.00 to $79.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the RV manufacturer’s stock. Citigroup’s target price would suggest a potential upside of 2.90% from the company’s current price.

Other research analysts have also issued reports about the stock. DA Davidson decreased their price target on shares of Thor Industries from $100.00 to $80.00 and set a “neutral” rating on the stock in a research note on Monday, June 15th. Roth Capital set a $78.00 price objective on Thor Industries in a research note on Thursday, June 4th. Seaport Research Partners assumed coverage on Thor Industries in a report on Monday, April 20th. They set a “neutral” rating for the company. Zacks Research downgraded Thor Industries from a “hold” rating to a “strong sell” rating in a research report on Friday, June 5th. Finally, BNP Paribas Exane started coverage on Thor Industries in a research report on Monday, April 20th. They issued a “neutral” rating on the stock. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Thor Industries currently has an average rating of “Hold” and a consensus price target of $92.33.

Thor Industries Stock Performance

NYSE:THO opened at $76.78 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.80 and a current ratio of 1.71. The company has a fifty day moving average of $75.81 and a two-hundred day moving average of $87.74. The stock has a market capitalization of $4.00 billion, a PE ratio of 33.24, a P/E/G ratio of 2.03 and a beta of 1.33. Thor Industries has a fifty-two week low of $69.71 and a fifty-two week high of $122.83.

Thor Industries (NYSE:THO) last posted 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). Thor Industries had a net margin of 2.67% and a return on equity of 5.74%. The company had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same period in the previous year, the business earned $2.53 earnings per share. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. As a group, research analysts forecast that Thor Industries will post 3.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Thor Industries

A number of institutional investors have recently added to or reduced their stakes in the stock. Hudson Value Partners LLC acquired a new stake in Thor Industries during the second quarter worth $239,000. Shayne & Jacobs LLC raised its position in Thor Industries by 63.2% in the second quarter. Shayne & Jacobs LLC now owns 35,491 shares of the RV manufacturer’s stock valued at $2,668,000 after purchasing an additional 13,740 shares during the period. Empowered Funds LLC lifted its stake in shares of Thor Industries by 239.7% in the 1st quarter. Empowered Funds LLC now owns 6,926 shares of the RV manufacturer’s stock valued at $553,000 after purchasing an additional 4,887 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Thor Industries by 190.8% in the 1st quarter. Bank of America Corp DE now owns 189,887 shares of the RV manufacturer’s stock valued at $15,170,000 after purchasing an additional 124,585 shares during the last quarter. Finally, Edgestream Partners L.P. grew its holdings in shares of Thor Industries by 133.0% during the 1st quarter. Edgestream Partners L.P. now owns 26,816 shares of the RV manufacturer’s stock worth $2,142,000 after purchasing an additional 15,309 shares during the period. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Thor Industries Company Profile

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.