Thor Industries (NYSE:THO) Stock Rating Upgraded by Zacks Research

Thor Industries (NYSE:THO) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Several other equities research analysts also recently commented on THO. DA Davidson reiterated a “neutral” rating and set a $102.00 price objective on shares of Thor Industries in a research note on Thursday, December 4th. Truist Financial lifted their price target on Thor Industries from $110.00 to $112.00 and gave the stock a “hold” rating in a research report on Tuesday, December 9th. Roth Capital increased their price objective on Thor Industries from $93.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. Raymond James Financial upgraded Thor Industries from an “underperform” rating to a “market perform” rating in a research note on Monday, October 27th. Finally, Robert W. Baird lifted their target price on Thor Industries from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Two analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Thor Industries presently has a consensus rating of “Hold” and a consensus target price of $104.10.

Thor Industries Price Performance

Shares of THO stock opened at $105.35 on Thursday. Thor Industries has a fifty-two week low of $63.15 and a fifty-two week high of $117.09. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 33.23, a PEG ratio of 1.88 and a beta of 1.34. 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 stock’s 50-day simple moving average is $103.51 and its 200-day simple moving average is $101.33.

Thor Industries (NYSE:THO) last announced its quarterly earnings data on Wednesday, December 3rd. The RV manufacturer reported $0.41 EPS for the quarter, beating the consensus estimate of ($0.11) by $0.52. The firm had revenue of $2.39 million during the quarter, compared to analyst estimates of $2.05 billion. Thor Industries had a net margin of 2.87% and a return on equity of 7.05%. Thor Industries’s revenue was up 11.5% on a year-over-year basis. During the same period last year, the firm posted ($0.03) EPS. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. As a group, equities analysts forecast that Thor Industries will post 4.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO W. Todd Woelfer sold 1,729 shares of Thor Industries stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $103.15, for a total transaction of $178,346.35. Following the completion of the transaction, the chief operating officer directly owned 112,680 shares in the company, valued at approximately $11,622,942. This trade represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Thor Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in THO. Baird Financial Group Inc. boosted its holdings in Thor Industries by 5.1% during the first quarter. Baird Financial Group Inc. now owns 8,475 shares of the RV manufacturer’s stock worth $643,000 after buying an additional 409 shares in the last quarter. Scientech Research LLC acquired a new position in shares of Thor Industries in the first quarter worth about $593,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Thor Industries during the 1st quarter worth about $372,000. Jones Financial Companies Lllp grew its position in shares of Thor Industries by 433.3% during the 1st quarter. Jones Financial Companies Lllp now owns 7,061 shares of the RV manufacturer’s stock valued at $535,000 after acquiring an additional 5,737 shares during the period. Finally, United Services Automobile Association purchased a new position in shares of Thor Industries in the 1st quarter valued at about $269,000. Institutional investors and hedge funds 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.