Thor Industries (NYSE:THO) Stock Rating Upgraded by KeyCorp

Thor Industries (NYSE:THO) was upgraded by equities research analysts at KeyCorp from an “underweight” rating to a “sector weight” rating in a report issued on Friday, MarketBeat.com reports. KeyCorp also issued estimates for Thor Industries’ Q4 2026 earnings at $1.58 EPS and FY2026 earnings at $4.20 EPS.

Several other research firms have also recently issued reports on THO. Robert W. Baird cut Thor Industries from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $100.00 to $85.00 in a report on Friday, April 4th. Wall Street Zen raised Thor Industries from a “sell” rating to a “hold” rating in a research note on Friday, June 6th. DA Davidson upgraded Thor Industries to a “hold” rating in a research report on Monday, April 14th. Roth Capital set a $77.00 price objective on Thor Industries and gave the company a “neutral” rating in a report on Monday, June 9th. Finally, Baird R W cut shares of Thor Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $87.63.

Thor Industries Stock Up 0.1%

Thor Industries stock opened at $91.08 on Friday. The business’s 50-day moving average price is $88.90 and its 200 day moving average price is $86.64. The company has a quick ratio of 0.90, a current ratio of 1.71 and a debt-to-equity ratio of 0.24. The firm has a market cap of $4.85 billion, a price-to-earnings ratio of 21.84, a price-to-earnings-growth ratio of 1.88 and a beta of 1.21. Thor Industries has a 52 week low of $63.15 and a 52 week high of $118.85.

Thor Industries (NYSE:THO) last released its quarterly earnings data on Wednesday, June 4th. The construction company reported $2.53 EPS for the quarter, topping the consensus estimate of $1.79 by $0.74. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.60 billion. Thor Industries had a return on equity of 6.15% and a net margin of 2.32%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.13 EPS. As a group, sell-side analysts anticipate that Thor Industries will post 4.64 earnings per share for the current year.

Thor Industries declared that its Board of Directors has authorized a stock repurchase plan on Monday, June 23rd that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the construction company to buy up to 8.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Thor Industries

In other news, Director Peter Busch Orthwein acquired 3,000 shares of the business’s stock in a transaction that occurred on Friday, June 20th. The stock was purchased at an average cost of $85.40 per share, for a total transaction of $256,200.00. Following the completion of the transaction, the director owned 136,400 shares in the company, valued at approximately $11,648,560. This trade represents a 2.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Thor Industries

Institutional investors and hedge funds have recently bought and sold shares of the company. ACR Alpine Capital Research LLC raised its position in shares of Thor Industries by 62.5% during the 1st quarter. ACR Alpine Capital Research LLC now owns 3,482,917 shares of the construction company’s stock valued at $264,040,000 after buying an additional 1,339,951 shares during the period. Southpoint Capital Advisors LP increased its stake in Thor Industries by 106.2% during the first quarter. Southpoint Capital Advisors LP now owns 1,250,000 shares of the construction company’s stock worth $94,762,000 after acquiring an additional 643,851 shares during the last quarter. Norges Bank purchased a new stake in Thor Industries in the fourth quarter valued at $54,754,000. Raymond James Financial Inc. purchased a new stake in Thor Industries in the fourth quarter valued at $52,497,000. Finally, Timucuan Asset Management Inc. FL lifted its stake in shares of Thor Industries by 20.1% in the 1st quarter. Timucuan Asset Management Inc. FL now owns 2,448,401 shares of the construction company’s stock valued at $185,613,000 after purchasing an additional 409,636 shares during the last quarter. 96.71% of the stock is currently owned by institutional investors and hedge funds.

Thor Industries Company Profile

THOR Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.