DA Davidson Lowers Thor Industries (NYSE:THO) Price Target to $80.00

Thor Industries (NYSE:THO) had its price target reduced by research analysts at DA Davidson from $100.00 to $80.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the RV manufacturer’s stock. DA Davidson’s price target points to a potential upside of 5.18% from the company’s previous close.

A number of other brokerages have also recently issued reports on THO. Bank of America decreased their target price on shares of Thor Industries from $120.00 to $96.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. Wall Street Zen downgraded Thor Industries from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. Truist Financial cut their price target on shares of Thor Industries from $112.00 to $109.00 and set a “hold” rating for the company in a research note on Wednesday, March 11th. Zacks Research cut Thor Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, June 5th. Finally, BMO Capital Markets lowered their price target on Thor Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $95.67.

Thor Industries Stock Performance

Shares of NYSE:THO traded down $1.11 during mid-day trading on Monday, reaching $76.06. The company had a trading volume of 395,345 shares, compared to its average volume of 711,762. Thor Industries has a one year low of $69.71 and a one year high of $122.83. The company has a current ratio of 1.71, a quick ratio of 0.80 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $77.45 and its 200-day moving average price is $93.88. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 32.91, a PEG ratio of 2.07 and a beta of 1.32.

Thor Industries (NYSE:THO) last released its earnings results on Wednesday, June 3rd. The RV manufacturer reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.02). Thor Industries had a return on equity of 5.74% and a net margin of 2.67%.The firm had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same period in the prior year, the business earned $2.53 earnings per share. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. As a group, equities research analysts anticipate that Thor Industries will post 3.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in THO. Choreo LLC lifted its holdings in shares of Thor Industries by 9.9% during the fourth quarter. Choreo LLC now owns 394,513 shares of the RV manufacturer’s stock valued at $41,128,000 after purchasing an additional 35,655 shares during the last quarter. WINTON GROUP Ltd boosted its holdings in Thor Industries by 115.9% in the third quarter. WINTON GROUP Ltd now owns 57,262 shares of the RV manufacturer’s stock worth $5,937,000 after acquiring an additional 30,740 shares in the last quarter. Triad Investment Management bought a new position in shares of Thor Industries during the fourth quarter valued at $4,276,000. Natixis Advisors LLC increased its stake in Thor Industries by 5.4% during the 3rd quarter. Natixis Advisors LLC now owns 686,278 shares of the RV manufacturer’s stock valued at $71,160,000 after purchasing an additional 35,294 shares in the last quarter. Finally, Mirabella Financial Services LLP raised its holdings in Thor Industries by 65.1% in the third quarter. Mirabella Financial Services LLP now owns 30,340 shares of the RV manufacturer’s stock worth $3,140,000 after buying an additional 11,965 shares during the last quarter. Hedge funds and other 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.