Analysts Set Thor Industries, Inc. (NYSE:THO) Price Target at $104.10

Thor Industries, Inc. (NYSE:THO) has been given an average rating of “Hold” by the fourteen ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $104.10.

THO has been the subject of several research reports. Raymond James Financial raised Thor Industries from an “underperform” rating to a “market perform” rating in a report on Monday, October 27th. Benchmark reaffirmed a “hold” rating on shares of Thor Industries in a research report on Tuesday, December 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Thor Industries in a research note on Wednesday, October 8th. Bank of America lifted their price objective on Thor Industries from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Finally, DA Davidson restated a “neutral” rating and issued a $102.00 price objective on shares of Thor Industries in a research note on Thursday, December 4th.

Thor Industries Price Performance

THO opened at $102.68 on Monday. Thor Industries has a fifty-two week low of $63.15 and a fifty-two week high of $117.09. The firm has a 50-day moving average of $103.73 and a 200 day moving average of $101.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 1.81. The firm has a market cap of $5.43 billion, a P/E ratio of 32.39, a PEG ratio of 1.91 and a beta of 1.32.

Thor Industries (NYSE:THO) last released its earnings results on Wednesday, December 3rd. The RV manufacturer reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.52. Thor Industries had a net margin of 2.87% and a return on equity of 7.05%. The firm had revenue of $2.39 million for the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the previous year, the company earned ($0.03) earnings per share. The company’s quarterly revenue was up 11.5% on a year-over-year basis. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. On average, research analysts expect that Thor Industries will post 4.64 EPS for the current year.

Thor Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 19th. Stockholders of record on Monday, January 5th will be given a $0.52 dividend. The ex-dividend date of this dividend is Monday, January 5th. This represents a $2.08 annualized dividend and a dividend yield of 2.0%. Thor Industries’s payout ratio is 65.62%.

Insider Activity at Thor Industries

In related news, COO W. Todd Woelfer sold 1,729 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $103.15, for a total transaction of $178,346.35. Following the sale, the chief operating officer directly owned 112,680 shares in the company, valued at approximately $11,622,942. This represents a 1.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.70% of the company’s stock.

Institutional Investors Weigh In On Thor Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. ACR Alpine Capital Research LLC lifted its position in shares of Thor Industries by 22.5% during the second quarter. ACR Alpine Capital Research LLC now owns 4,265,031 shares of the RV manufacturer’s stock worth $378,777,000 after acquiring an additional 782,114 shares in the last quarter. Southpoint Capital Advisors LP grew its position in shares of Thor Industries by 106.2% in the first quarter. Southpoint Capital Advisors LP now owns 1,250,000 shares of the RV manufacturer’s stock valued at $94,762,000 after purchasing an additional 643,851 shares in the last quarter. Norges Bank bought a new stake in shares of Thor Industries during the 2nd quarter valued at $51,597,000. Timucuan Asset Management Inc. FL lifted its holdings in 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 purchasing an additional 225,997 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Thor Industries by 16.7% in the 3rd quarter. American Century Companies Inc. now owns 1,362,071 shares of the RV manufacturer’s stock worth $141,233,000 after purchasing an additional 195,357 shares during the period. Institutional investors own 96.71% of the company’s stock.

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.