Analysts Set Thor Industries, Inc. (NYSE:THO) PT at $104.67

Thor Industries, Inc. (NYSE:THO) has received a consensus rating of “Hold” from the fourteen brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $103.90.

Several brokerages have recently issued reports on THO. BMO Capital Markets upped their price objective on Thor Industries from $105.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, September 26th. Raymond James Financial raised shares of Thor Industries from an “underperform” rating to a “market perform” rating in a research report on Monday, October 27th. Zacks Research lowered Thor Industries from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Truist Financial decreased their price target on Thor Industries from $115.00 to $110.00 and set a “hold” rating on the stock in a research note on Thursday, October 9th. Finally, Citigroup decreased their target price on shares of Thor Industries from $117.00 to $108.00 and set a “neutral” rating on the stock in a research report on Friday.

Thor Industries Stock Down 1.2%

THO stock opened at $100.77 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.81 and a quick ratio of 0.90. The company’s 50 day simple moving average is $103.80 and its 200-day simple moving average is $98.58. Thor Industries has a 12 month low of $63.15 and a 12 month high of $117.09. The firm has a market capitalization of $5.32 billion, a PE ratio of 33.37, a P/E/G ratio of 1.78 and a beta of 1.32.

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

Thor Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Thursday, October 23rd were paid a dividend of $0.52 per share. This is a boost from Thor Industries’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a yield of 2.1%. The ex-dividend date was Thursday, October 23rd. Thor Industries’s payout ratio is currently 68.87%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of THO. ACR Alpine Capital Research LLC raised its stake in shares of Thor Industries by 22.5% in the 2nd quarter. ACR Alpine Capital Research LLC now owns 4,265,031 shares of the RV manufacturer’s stock valued at $378,777,000 after acquiring an additional 782,114 shares during the period. Southpoint Capital Advisors LP raised its stake in shares of Thor Industries by 106.2% during the first quarter. Southpoint Capital Advisors LP now owns 1,250,000 shares of the RV manufacturer’s stock valued at $94,762,000 after purchasing an additional 643,851 shares during the period. Norges Bank acquired a new stake in Thor Industries during the 2nd quarter valued at $51,597,000. Timucuan Asset Management Inc. FL lifted its holdings in Thor Industries by 20.1% in the 1st quarter. Timucuan Asset Management Inc. FL now owns 2,448,401 shares of the RV manufacturer’s stock worth $185,613,000 after buying an additional 409,636 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Thor Industries by 6.5% during the first quarter. Vanguard Group Inc. now owns 5,376,681 shares of the RV manufacturer’s stock valued at $407,606,000 after acquiring an additional 326,584 shares in the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.

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.