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

Key Points

• Citigroup cut Thor Industries’ price target from $100 to $82 while keeping a neutral rating, implying only modest upside from the current share price.
• Other analysts remain cautious on the RV maker, with the stock carrying a consensus Hold rating and an average price target of $103.80 across the coverage cited.
• Thor Industries recently beat quarterly earnings and revenue estimates, but the stock has still been trading well below its 200-day moving average and near the lower end of its 52-week range.

Thor Industries (NYSE:THO - Get Free Report) had its target price decreased by research analysts at Citigroup from $100.00 to $82.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the RV manufacturer's stock. Citigroup's price target suggests a potential upside of 3.73% from the company's current price.

A number of other research firms also recently issued reports on THO. BNP Paribas Exane assumed coverage on shares of Thor Industries in a report on Monday, April 20th. They issued a "neutral" rating for the company. Benchmark reissued a "hold" rating on shares of Thor Industries in a report on Wednesday, March 4th. BMO Capital Markets cut their price objective on shares of Thor Industries from $125.00 to $120.00 and set an "outperform" rating for the company in a report on Friday, April 17th. DA Davidson reduced their price target on shares of Thor Industries from $102.00 to $100.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 4th. Finally, Seaport Research Partners began coverage on shares of Thor Industries in a research note on Monday, April 20th. They issued a "neutral" rating on the stock. Three analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $103.80.

Thor Industries Stock Performance

NYSE THO traded up $0.84 during trading on Wednesday, reaching $79.05. The company's stock had a trading volume of 368,044 shares, compared to its average volume of 680,053. The company has a current ratio of 1.76, a quick ratio of 0.73 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 24.59, a price-to-earnings-growth ratio of 1.54 and a beta of 1.34. Thor Industries has a 12 month low of $70.56 and a 12 month high of $122.83. The firm has a 50 day moving average price of $77.96 and a 200 day moving average price of $95.91.

Thor Industries (NYSE:THO - Get Free Report) last posted its quarterly earnings data on Tuesday, March 3rd. The RV manufacturer reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.31. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $1.96 billion. Thor Industries had a net margin of 3.02% and a return on equity of 6.96%. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.01) EPS. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. As a group, equities analysts anticipate that Thor Industries will post 3.75 EPS for the current fiscal year.

Insider Activity

In other Thor Industries news, Director Peter Busch Orthwein purchased 2,600 shares of the business's stock in a transaction dated Friday, March 6th. The shares were bought at an average price of $88.25 per share, for a total transaction of $229,450.00. Following the completion of the acquisition, the director owned 139,000 shares in the company, valued at approximately $12,266,750. This trade represents a 1.91% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 4.70% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Parallel Advisors LLC grew its position in shares of Thor Industries by 16.9% in 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 during the last quarter. Kingsview Wealth Management LLC lifted its stake in shares of Thor Industries by 3.9% in the third quarter. Kingsview Wealth Management LLC now owns 2,659 shares of the RV manufacturer's stock worth $276,000 after acquiring an additional 99 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of 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 during the period. Cibc World Market Inc. boosted its holdings in Thor Industries by 0.7% in the third quarter. Cibc World Market Inc. now owns 14,773 shares of the RV manufacturer's stock valued at $1,532,000 after acquiring an additional 104 shares during the last quarter. Finally, 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 valued at $3,089,000 after acquiring an additional 104 shares during the last quarter. 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.

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