Thor Industries (NYSE:THO) Shares Gap Up After Earnings Beat

Key Points

• Thor Industries reported a quarterly earnings per share (EPS) of $2.36, significantly beating analysts' estimates of $1.16, and generated revenues of $2.52 billion, surpassing the consensus of $2.34 billion.
• The board approved a $400 million stock buyback program, indicating confidence in the company's stock value.
• Analysts have recently raised their price targets for Thor Industries, with Bank of America increasing its target from $100 to $120 and several firms providing a mix of ratings from "buy" to "hold."

Shares of Thor Industries, Inc. (NYSE:THO - Get Free Report) gapped up prior to trading on Wednesday following a stronger than expected earnings report. The stock had previously closed at $102.25, but opened at $108.75. Thor Industries shares last traded at $108.25, with a volume of 229,100 shares traded.

The RV manufacturer reported $2.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $1.20. Thor Industries had a return on equity of 6.15% and a net margin of 2.32%.The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the previous year, the company posted $1.68 EPS. The firm's revenue was down .4% on a year-over-year basis. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS.

Thor Industries declared that its board has authorized a stock buyback program on Monday, June 23rd that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the RV manufacturer to repurchase up to 8.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages have recently issued reports on THO. KeyCorp raised Thor Industries from an "underweight" rating to a "sector weight" rating in a report on Friday, August 1st. Citigroup upped their price objective on Thor Industries from $100.00 to $112.00 and gave the stock a "neutral" rating in a report on Friday, September 12th. Zacks Research raised Thor Industries from a "strong sell" rating to a "hold" rating in a report on Wednesday, September 3rd. Roth Capital set a $93.00 price target on Thor Industries and gave the company a "neutral" rating in a report on Wednesday, September 17th. Finally, Bank of America increased their price target on Thor Industries from $100.00 to $120.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. Two investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $96.88.

Hedge Funds Weigh In On Thor Industries

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hantz Financial Services Inc. grew its position in shares of Thor Industries by 2,463.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 282 shares of the RV manufacturer's stock worth $25,000 after buying an additional 271 shares in the last quarter. Country Trust Bank grew its position in shares of Thor Industries by 50.0% during the 2nd quarter. Country Trust Bank now owns 300 shares of the RV manufacturer's stock worth $27,000 after buying an additional 100 shares in the last quarter. Curio Wealth LLC grew its position in shares of Thor Industries by 33,300.0% during the 2nd quarter. Curio Wealth LLC now owns 334 shares of the RV manufacturer's stock worth $30,000 after buying an additional 333 shares in the last quarter. MAI Capital Management grew its position in shares of Thor Industries by 174.8% during the 2nd quarter. MAI Capital Management now owns 371 shares of the RV manufacturer's stock worth $33,000 after buying an additional 236 shares in the last quarter. Finally, UMB Bank n.a. grew its position in shares of Thor Industries by 135.6% during the 1st quarter. UMB Bank n.a. now owns 483 shares of the RV manufacturer's stock worth $37,000 after buying an additional 278 shares in the last quarter. Institutional investors own 96.71% of the company's stock.

Thor Industries Stock Up 6.9%

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 has a 50-day moving average price of $102.11 and a 200-day moving average price of $87.95. The firm has a market cap of $5.81 billion, a P/E ratio of 25.99, a P/E/G ratio of 2.07 and a beta of 1.33.

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.

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