Thor Industries (NYSE:THO) Issues Quarterly Earnings Results

Key Points

• Thor Industries reported quarterly earnings of $2.36 per share, significantly exceeding the consensus estimate of $1.18, alongside a revenue of $2.52 billion compared to expectations of $2.34 billion.
• The company announced a $400 million stock buyback program, indicating management's belief that the stock is undervalued.
• Analysts have a consensus rating of "Hold" on the stock, with recent upgrades leading to target prices ranging from $93.00 to $115.00.

Thor Industries (NYSE:THO - Get Free Report) issued its quarterly earnings results on Wednesday. The RV manufacturer reported $2.36 EPS for the quarter, topping the consensus estimate of $1.16 by $1.20, RTT News reports. The firm had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.34 billion. Thor Industries had a net margin of 2.32% and a return on equity of 6.15%. During the same period in the previous year, the firm posted $1.68 EPS. Thor Industries updated its FY 2026 guidance to 3.750-4.250 EPS.

Thor Industries Price Performance

Shares of NYSE:THO opened at $102.44 on Wednesday. The firm has a market cap of $5.45 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 2.07 and a beta of 1.33. Thor Industries has a 52 week low of $63.15 and a 52 week high of $118.85. The firm's fifty day moving average is $102.11 and its 200-day moving average is $87.95. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.71.

Thor Industries declared that its Board of Directors has initiated a share repurchase plan on Monday, June 23rd that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the RV manufacturer to buy up to 8.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Thor Industries

Several institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Thor Industries by 132.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 848 shares of the RV manufacturer's stock worth $75,000 after acquiring an additional 483 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in Thor Industries by 17.2% during the second quarter. Osaic Holdings Inc. now owns 2,407 shares of the RV manufacturer's stock worth $214,000 after acquiring an additional 353 shares during the period. Benjamin Edwards Inc. purchased a new position in Thor Industries in the second quarter valued at about $217,000. Focus Partners Wealth bought a new position in Thor Industries during the first quarter worth about $255,000. Finally, United Services Automobile Association bought a new position in Thor Industries in the 1st quarter valued at $269,000. 96.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Truist Financial upped their target price on Thor Industries from $86.00 to $115.00 and gave the stock a "hold" rating in a report on Wednesday, September 3rd. Zacks Research raised Thor Industries from a "strong sell" rating to a "hold" rating in a report on Wednesday, September 3rd. Bank of America boosted their target price on shares of Thor Industries from $100.00 to $120.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. KeyCorp upgraded shares of Thor Industries from an "underweight" rating to a "sector weight" rating in a research note on Friday, August 1st. Finally, Wall Street Zen raised shares of Thor Industries from a "sell" rating to a "hold" rating in a report on Friday, June 6th. Two research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $96.88.

Thor Industries Company Profile

THOR Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.