Thor Industries (NYSE:THO) Shares Gap Up Following Strong Earnings

Thor Industries, Inc. (NYSE:THO)’s stock price gapped up prior to trading on Wednesday after the company announced better than expected quarterly earnings. The stock had previously closed at $102.25, but opened at $108.75. Thor Industries shares last traded at $108.25, with a volume of 229,100 shares traded.

The RV manufacturer reported $2.36 EPS for the quarter, topping the consensus estimate of $1.16 by $1.20. The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.34 billion. Thor Industries had a return on equity of 6.15% and a net margin of 2.32%.The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.68 EPS. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS.

Thor Industries declared that its Board of Directors has initiated a stock buyback plan on Monday, June 23rd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the RV manufacturer to purchase up to 8.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

THO has been the topic of several recent analyst reports. Citigroup upped their target price on Thor Industries from $100.00 to $112.00 and gave the company a “neutral” rating in a research report on Friday, September 12th. KeyCorp raised Thor Industries from an “underweight” rating to a “sector weight” rating in a research report on Friday, August 1st. Zacks Research raised Thor Industries from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 3rd. Bank of America upped their target price on Thor Industries from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Finally, Truist Financial upped their target price on Thor Industries from $86.00 to $115.00 and gave the company a “hold” rating in a research report on Wednesday, September 3rd. Two analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $96.88.

Institutional Trading of Thor Industries

Large investors have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. grew its stake in Thor Industries by 2,463.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 282 shares of the RV manufacturer’s stock valued at $25,000 after purchasing an additional 271 shares during the last quarter. Country Trust Bank boosted its stake in shares of Thor Industries by 50.0% in the second quarter. Country Trust Bank now owns 300 shares of the RV manufacturer’s stock worth $27,000 after buying an additional 100 shares during the last quarter. Curio Wealth LLC boosted its stake in shares of Thor Industries by 33,300.0% in the second quarter. Curio Wealth LLC now owns 334 shares of the RV manufacturer’s stock worth $30,000 after buying an additional 333 shares during the last quarter. MAI Capital Management boosted its stake in shares of Thor Industries by 174.8% in the second quarter. MAI Capital Management now owns 371 shares of the RV manufacturer’s stock worth $33,000 after buying an additional 236 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Thor Industries by 135.6% in the first quarter. UMB Bank n.a. now owns 483 shares of the RV manufacturer’s stock worth $37,000 after buying an additional 278 shares during the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Thor Industries Stock Up 6.3%

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 stock has a market cap of $5.78 billion, a PE ratio of 26.06, a P/E/G ratio of 2.08 and a beta of 1.34. The business has a 50 day moving average price of $102.51 and a 200 day moving average price of $88.10.

About Thor Industries

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.