BMO Capital Markets Cuts Thor Industries (NYSE:THO) Price Target to $125.00

Thor Industries (NYSE:THO) had its price target reduced by BMO Capital Markets from $135.00 to $125.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have an outperform rating on the RV manufacturer’s stock.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Thor Industries in a research note on Wednesday, January 21st. Citigroup increased their price objective on shares of Thor Industries from $108.00 to $116.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. UBS Group set a $97.00 price objective on shares of Thor Industries in a research report on Thursday, December 4th. Truist Financial boosted their target price on shares of Thor Industries from $110.00 to $112.00 and gave the company a “hold” rating in a research note on Tuesday, December 9th. Finally, Robert W. Baird upped their target price on shares of Thor Industries from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Three investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $106.40.

Thor Industries Stock Down 4.3%

Shares of Thor Industries stock opened at $86.39 on Wednesday. The company has a current ratio of 1.76, a quick ratio of 0.83 and a debt-to-equity ratio of 0.20. The business’s 50 day simple moving average is $109.74 and its 200-day simple moving average is $106.71. The stock has a market capitalization of $4.54 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 1.72 and a beta of 1.43. Thor Industries has a twelve month low of $63.15 and a twelve month high of $122.83.

Thor Industries (NYSE:THO) last released its quarterly earnings data on Tuesday, March 3rd. The RV manufacturer reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.31. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $1.96 billion. Thor Industries had a return on equity of 6.96% and a net margin of 3.02%.The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.01) EPS. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. Equities research analysts forecast that Thor Industries will post 4.64 earnings per share for the current year.

Thor Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 19th. Stockholders of record on Monday, January 5th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, January 5th. Thor Industries’s dividend payout ratio (DPR) is 65.62%.

Insider Buying and Selling at Thor Industries

In related news, COO W. Todd Woelfer sold 4,567 shares of Thor Industries stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $114.84, for a total transaction of $524,474.28. Following the sale, the chief operating officer directly owned 104,109 shares in the company, valued at $11,955,877.56. The trade was a 4.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Thor Industries

A number of institutional investors and hedge funds have recently bought and sold shares of THO. Jones Financial Companies Lllp raised 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 worth $535,000 after buying an additional 5,737 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of Thor Industries in the 1st quarter worth approximately $269,000. Empowered Funds LLC bought a new position in shares of Thor Industries in the first quarter valued at approximately $1,177,000. Focus Partners Wealth bought a new position in shares of Thor Industries in the first quarter valued at approximately $255,000. Finally, Arkadios Wealth Advisors acquired a new position in shares of Thor Industries during the second quarter valued at approximately $215,000. Institutional investors own 96.71% of the company’s stock.

Thor Industries Company Profile

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.