Thor Industries, Inc. (NYSE:THO) Stock Rated "Hold" by Sell-Side Brokerages

Key Points

• Analysts rate Thor Industries “Hold” overall: 11 of 14 analysts recommend holding the stock, while three recommend buying it. The average 12-month price target is $84.89, with several brokerages recently lowering their targets.
• Institutional ownership remains high: Hedge funds and other institutional investors own 96.71% of Thor Industries, with several firms increasing their positions during the second quarter.
• Recent results were mixed: Thor reported quarterly EPS of $0.78, below the $0.88 consensus estimate, while revenue of $2.31 billion exceeded expectations. Revenue declined 8.4% year over year, and the stock opened at $70.26, near its 52-week low of $67.31.

Shares of Thor Industries, Inc. (NYSE:THO - Get Free Report) have been assigned a consensus recommendation of "Hold" from the fourteen analysts that are currently covering the stock, Marketbeat Ratings reports. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $84.89.

Several brokerages have weighed in on THO. Robert W. Baird dropped their price objective on Thor Industries from $90.00 to $80.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 23rd. Benchmark reiterated a "hold" rating on shares of Thor Industries in a report on Friday, June 12th. Bank of America dropped their price target on shares of Thor Industries from $96.00 to $86.00 and set a "buy" rating on the stock in a research report on Monday, September 21st. Truist Financial cut their price target on shares of Thor Industries from $109.00 to $80.00 and set a "hold" rating on the stock in a report on Wednesday, July 8th. Finally, Citigroup reduced their price objective on shares of Thor Industries from $79.00 to $76.00 and set a "neutral" rating for the company in a research report on Wednesday, September 16th.

Institutional Investors Weigh In On Thor Industries

Several large investors have recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. increased its position in shares of Thor Industries by 32.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 11,310 shares of the RV manufacturer's stock valued at $850,000 after purchasing an additional 2,795 shares during the last quarter. Triad Investment Management grew its position in Thor Industries by 10.9% during the second quarter. Triad Investment Management now owns 51,900 shares of the RV manufacturer's stock valued at $3,901,000 after buying an additional 5,088 shares during the period. Waverly Advisors LLC increased its holdings in Thor Industries by 4.4% during the second quarter. Waverly Advisors LLC now owns 6,431 shares of the RV manufacturer's stock worth $483,000 after buying an additional 271 shares during the last quarter. Nykredit A S purchased a new stake in Thor Industries during the second quarter worth about $229,000. Finally, Corient Private Wealth LP raised its holdings in shares of Thor Industries by 32.5% in the 2nd quarter. Corient Private Wealth LP now owns 34,935 shares of the RV manufacturer's stock worth $2,626,000 after purchasing an additional 8,572 shares during the period. 96.71% of the stock is owned by hedge funds and other institutional investors.

Thor Industries Stock Performance

Shares of Thor Industries stock opened at $70.26 on Wednesday. The company has a market cap of $3.63 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 0.97 and a beta of 1.34. Thor Industries has a 52 week low of $67.31 and a 52 week high of $122.83. The business has a 50 day moving average price of $75.78 and a 200-day moving average price of $76.64. The company has a quick ratio of 0.85, a current ratio of 1.77 and a debt-to-equity ratio of 0.20.

Thor Industries (NYSE:THO - Get Free Report) last announced its earnings results on Tuesday, September 22nd. The RV manufacturer reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.10). Thor Industries had a net margin of 1.85% and a return on equity of 3.76%. The company had revenue of $2.31 billion for the quarter, compared to analysts' expectations of $2.17 billion. During the same period in the previous year, the firm earned $2.36 EPS. The firm's quarterly revenue was down 8.4% on a year-over-year basis. Equities analysts anticipate that Thor Industries will post 4.12 earnings per share for the current fiscal year.

About Thor Industries

Thor Industries, Inc is a manufacturer of recreational vehicles (RVs) and related products. The company produces towable RVs, including travel trailers and fifth-wheel trailers, as well as motorized RVs such as Class A, Class B and Class C motorhomes. Its portfolio includes well-known brands such as Airstream, Jayco, Entegra Coach, Keystone, Dutchmen, Tiffin and CrossRoads.

Thor also owns Erwin Hymer Group, a major European recreational-vehicle manufacturer whose brands include HYMER, Dethleffs, Bürstner, LMC, Carado and Sunlight.

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