BMO Capital Markets Issues Pessimistic Forecast for Thor Industries (NYSE:THO) Stock Price

Thor Industries (NYSE:THO) had its target price cut by equities research analysts at BMO Capital Markets from $135.00 to $125.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the RV manufacturer’s stock. BMO Capital Markets’ target price would suggest a potential upside of 38.00% from the stock’s current price.

THO has been the topic of a number of other reports. Truist Financial raised their price objective on Thor Industries from $110.00 to $112.00 and gave the company a “hold” rating in a research note on Tuesday, December 9th. Weiss Ratings restated a “hold (c)” rating on shares of Thor Industries in a research report on Wednesday, January 21st. Benchmark reaffirmed a “hold” rating on shares of Thor Industries in a research note on Tuesday, December 2nd. Loop Capital set a $133.00 price objective on Thor Industries in a research note on Tuesday, January 13th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $102.00 target price on shares of Thor Industries in a research note on Thursday, December 4th. Three equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Thor Industries currently has an average rating of “Hold” and a consensus price target of $106.40.

Thor Industries Trading Down 0.3%

Thor Industries stock opened at $90.58 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.83 and a current ratio of 1.76. Thor Industries has a fifty-two week low of $63.15 and a fifty-two week high of $122.83. The stock has a market cap of $4.76 billion, a P/E ratio of 28.57, a PEG ratio of 1.67 and a beta of 1.43. The firm’s fifty day moving average price is $110.13 and its 200-day moving average price is $106.85.

Thor Industries (NYSE:THO) last posted its quarterly earnings data on Tuesday, March 3rd. The RV manufacturer reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.31. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Thor Industries had a return on equity of 6.96% and a net margin of 3.02%.The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($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 fiscal year.

Insider Activity

In other news, COO W. Todd Woelfer sold 4,567 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $114.84, for a total transaction of $524,474.28. Following the completion of the transaction, the chief operating officer directly owned 104,109 shares in the company, valued at $11,955,877.56. This trade represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.70% of the company’s stock.

Institutional Trading of Thor Industries

Several institutional investors have recently bought and sold shares of the company. Life Cycle Investment Partners Ltd purchased a new position in Thor Industries in the fourth quarter worth about $255,482,000. Balyasny Asset Management L.P. increased its position in shares of Thor Industries by 130.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,081,238 shares of the RV manufacturer’s stock valued at $111,011,000 after acquiring an additional 611,639 shares in the last quarter. Norges Bank purchased a new position in Thor Industries in the 2nd quarter worth approximately $51,597,000. Bbfit Investments PTE Ltd. bought a new position in Thor Industries in the 4th quarter valued at approximately $27,076,000. Finally, Timucuan Asset Management Inc. FL lifted its position in Thor Industries by 9.2% in the 2nd quarter. Timucuan Asset Management Inc. FL now owns 2,674,398 shares of the RV manufacturer’s stock valued at $237,513,000 after acquiring an additional 225,997 shares in the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

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.