Thor Industries (NYSE:THO) Rating Increased to Hold at Zacks Research

Key Points

• Zacks Research upgraded Thor Industries to “Hold” from “Strong Sell.” The broader analyst consensus is also “Hold,” with three Buy ratings and eleven Hold ratings, and an average price target of $92.33.
• Thor Industries shares opened at $79.53, near the lower end of their 52-week range of $69.71 to $122.83. Recent analyst actions have included price-target cuts from Truist Financial and Bank of America, while Wall Street Zen downgraded the stock to Sell.
• The RV manufacturer slightly missed quarterly EPS estimates, reporting $1.86 versus $1.88 expected, while revenue reached $2.78 billion and declined 3.9% year over year. Institutional investors own approximately 96.71% of the company’s stock.

Thor Industries (NYSE:THO - Get Free Report) was upgraded by investment analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

THO has been the topic of several other research reports. Truist Financial decreased their price target on Thor Industries from $109.00 to $80.00 and set a "hold" rating on the stock in a report on Wednesday, July 8th. Bank of America dropped their price objective on Thor Industries from $120.00 to $96.00 and set a "buy" rating for the company in a report on Thursday, June 4th. Wall Street Zen lowered shares of Thor Industries from a "hold" rating to a "sell" rating in a research note on Saturday, June 6th. Roth Capital set a $78.00 price target on shares of Thor Industries in a research report on Thursday, June 4th. Finally, Benchmark reissued a "hold" rating on shares of Thor Industries in a research note on Friday, June 12th. Three equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $92.33.

Thor Industries Stock Performance

THO stock opened at $79.53 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.71 and a quick ratio of 0.80. The company has a 50 day moving average price of $76.59 and a 200 day moving average price of $82.21. Thor Industries has a fifty-two week low of $69.71 and a fifty-two week high of $122.83. The stock has a market capitalization of $4.14 billion, a PE ratio of 34.43, a price-to-earnings-growth ratio of 1.54 and a beta of 1.33.

Thor Industries (NYSE:THO - Get Free Report) 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). The firm had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.67 billion. Thor Industries had a return on equity of 5.74% and a net margin of 2.67%.The firm's quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.53 EPS. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. Analysts forecast that Thor Industries will post 3.22 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC increased its position in Thor Industries by 16.9% during the 4th quarter. Parallel Advisors LLC now owns 621 shares of the RV manufacturer's stock valued at $64,000 after buying an additional 90 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Thor Industries by 1.7% in the second quarter. BNP Paribas Financial Markets now owns 6,072 shares of the RV manufacturer's stock worth $539,000 after acquiring an additional 99 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Thor Industries by 0.3% in the second quarter. CANADA LIFE ASSURANCE Co now owns 34,810 shares of the RV manufacturer's stock worth $3,089,000 after acquiring an additional 104 shares in the last quarter. CWM LLC grew its stake in shares of Thor Industries by 18.9% in the fourth quarter. CWM LLC now owns 794 shares of the RV manufacturer's stock worth $82,000 after acquiring an additional 126 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its stake in shares of Thor Industries by 5.9% in the fourth quarter. Benjamin Edwards Inc. now owns 2,435 shares of the RV manufacturer's stock worth $250,000 after acquiring an additional 136 shares during the last quarter. Institutional investors and hedge funds 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.

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