Thor Industries (NYSE:THO) Upgraded by KeyCorp to "Sector Weight" Rating

Key Points

• Thor Industries has been upgraded from an "underweight" to a "sector weight" rating by KeyCorp, as reported by equities analysts.
• The company's board has approved a stock buyback program allowing for the repurchase of up to $400 million in shares, indicating a belief that the shares are undervalued.
• Thor Industries reported $2.53 earnings per share for the latest quarter, exceeding analysts' expectations, with revenue of $2.89 billion, a 3.3% year-over-year increase.

KeyCorp upgraded shares of Thor Industries (NYSE:THO - Free Report) from an underweight rating to a sector weight rating in a report published on Friday morning, MarketBeat Ratings reports. KeyCorp also issued estimates for Thor Industries' Q4 2026 earnings at $1.58 EPS and FY2026 earnings at $4.20 EPS.

Other research analysts have also issued research reports about the company. Roth Capital set a $77.00 price objective on Thor Industries and gave the company a "neutral" rating in a research report on Monday, June 9th. Wall Street Zen upgraded shares of Thor Industries from a "sell" rating to a "hold" rating in a report on Friday, June 6th. Truist Financial boosted their price objective on shares of Thor Industries from $72.00 to $78.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Robert W. Baird lowered shares of Thor Industries from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from $100.00 to $85.00 in a report on Friday, April 4th. Finally, DA Davidson raised shares of Thor Industries to a "hold" rating in a research report on Monday, April 14th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Thor Industries has a consensus rating of "Hold" and an average price target of $87.63.

Thor Industries Trading Up 0.9%

Shares of NYSE:THO traded up $0.83 during trading on Friday, reaching $94.07. 321,405 shares of the company traded hands, compared to its average volume of 769,801. The firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of 22.56, a P/E/G ratio of 1.81 and a beta of 1.21. Thor Industries has a 52-week low of $63.15 and a 52-week high of $118.85. The company has a current ratio of 1.71, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The business's fifty day moving average is $89.17 and its 200-day moving average is $86.45.

Thor Industries (NYSE:THO - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The construction company reported $2.53 earnings per share for the quarter, beating analysts' consensus estimates of $1.79 by $0.74. Thor Industries had a return on equity of 6.15% and a net margin of 2.32%. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the prior year, the firm posted $2.13 earnings per share. The business's quarterly revenue was up 3.3% compared to the same quarter last year. As a group, analysts forecast that Thor Industries will post 4.64 EPS for the current year.

Thor Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, July 1st. Thor Industries's dividend payout ratio (DPR) is 47.96%.

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

Insider Activity

In related news, Director Peter Busch Orthwein bought 3,000 shares of the company's stock in a transaction dated Friday, June 20th. The stock was purchased at an average price of $85.40 per share, for a total transaction of $256,200.00. Following the acquisition, the director owned 136,400 shares in the company, valued at $11,648,560. This trade represents a 2.25% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.50% of the stock is owned by company insiders.

Institutional Trading of Thor Industries

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Thor Industries by 6.5% in the first quarter. Vanguard Group Inc. now owns 5,376,681 shares of the construction company's stock valued at $407,606,000 after purchasing an additional 326,584 shares during the period. ACR Alpine Capital Research LLC lifted its holdings in Thor Industries by 22.5% during the second quarter. ACR Alpine Capital Research LLC now owns 4,265,031 shares of the construction company's stock worth $378,777,000 after buying an additional 782,114 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Thor Industries by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,959,547 shares of the construction company's stock worth $224,364,000 after buying an additional 29,012 shares during the period. Timucuan Asset Management Inc. FL lifted its holdings in Thor Industries by 20.1% during the first quarter. Timucuan Asset Management Inc. FL now owns 2,448,401 shares of the construction company's stock worth $185,613,000 after buying an additional 409,636 shares during the period. Finally, Southpoint Capital Advisors LP lifted its holdings in Thor Industries by 106.2% during the first quarter. Southpoint Capital Advisors LP now owns 1,250,000 shares of the construction company's stock worth $94,762,000 after buying an additional 643,851 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 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.