Truist Financial Cuts Thor Industries (NYSE:THO) Price Target to $109.00

Key Points

• Truist Financial cut its price target on Thor Industries from $112 to $109 and retained a "hold" rating, implying roughly a 27.6% upside from the stock's prior close.
• Thor reported a quarterly beat with $0.34 EPS vs. $0.03 expected and $2.13B revenue vs. $1.96B expected, and issued FY2026 guidance of $3.75–$4.25 EPS (analysts forecast about $4.64).
• Overall analyst sentiment is cautious—three Buys and ten Holds with an average price target of $106.10—and institutional ownership is very high (~96.7%) with recent sizable stake increases by large funds.

Thor Industries (NYSE:THO - Get Free Report) had its price target reduced by investment analysts at Truist Financial from $112.00 to $109.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a "hold" rating on the RV manufacturer's stock. Truist Financial's price target indicates a potential upside of 27.55% from the stock's previous close.

Several other research firms also recently commented on THO. Wall Street Zen downgraded shares of Thor Industries from a "buy" rating to a "hold" rating in a research note on Saturday. Roth Mkm increased their price objective on Thor Industries from $93.00 to $97.00 and gave the company a "neutral" rating in a research note on Thursday, December 4th. Zacks Research upgraded Thor Industries from a "strong sell" rating to a "hold" rating in a report on Thursday, January 1st. Loop Capital set a $133.00 target price on Thor Industries in a research note on Tuesday, January 13th. Finally, Citigroup cut their price target on Thor Industries from $116.00 to $100.00 and set a "neutral" rating on the stock in a report on Wednesday, March 4th. Three research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $106.10.

Thor Industries Trading Up 0.9%

THO traded up $0.74 during mid-day trading on Wednesday, hitting $85.45. 35,218 shares of the stock were exchanged, compared to its average volume of 607,371. The firm's fifty day moving average is $108.98 and its two-hundred day moving average is $106.39. Thor Industries has a 1-year low of $63.15 and a 1-year high of $122.83. 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 company has a market cap of $4.49 billion, a PE ratio of 26.45, a PEG ratio of 1.64 and a beta of 1.44.

Thor Industries (NYSE:THO - Get Free Report) last announced its earnings results on Tuesday, March 3rd. The RV manufacturer reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.31. The company had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $1.96 billion. Thor Industries had a return on equity of 6.96% and a net margin of 3.02%.Thor Industries's revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the business posted ($0.01) EPS. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. Equities analysts forecast that Thor Industries will post 4.64 earnings per share for the current fiscal year.

Insider Buying and Selling at Thor Industries

In related news, COO W. Todd Woelfer sold 4,567 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $114.84, for a total value of $524,474.28. Following the transaction, the chief operating officer owned 104,109 shares of the company's stock, valued at $11,955,877.56. This represents a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Peter Busch Orthwein purchased 2,600 shares of the business's stock in a transaction on Friday, March 6th. The stock was acquired at an average price of $88.25 per share, for a total transaction of $229,450.00. Following the completion of the purchase, the director owned 139,000 shares of the company's stock, valued at $12,266,750. This represents a 1.91% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 4.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Life Cycle Investment Partners Ltd acquired a new stake in shares of Thor Industries during the 4th quarter worth about $255,482,000. Balyasny Asset Management L.P. increased its stake in Thor Industries by 130.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,081,238 shares of the RV manufacturer's stock valued at $111,011,000 after purchasing an additional 611,639 shares during the last quarter. Norges Bank acquired a new stake in Thor Industries during the second quarter worth approximately $51,597,000. Bbfit Investments PTE Ltd. acquired a new stake in Thor Industries during the fourth quarter worth approximately $27,076,000. Finally, Timucuan Asset Management Inc. FL lifted its position in shares of Thor Industries by 9.2% during the 2nd quarter. Timucuan Asset Management Inc. FL now owns 2,674,398 shares of the RV manufacturer's stock worth $237,513,000 after buying an additional 225,997 shares during the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.