DA Davidson Issues Pessimistic Forecast for Thor Industries (NYSE:THO) Stock Price

Thor Industries (NYSE:THO) had its price target dropped by analysts at DA Davidson from $102.00 to $100.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the RV manufacturer’s stock. DA Davidson’s price target would indicate a potential upside of 10.40% from the stock’s current price.

Several other equities research analysts also recently weighed in on THO. Zacks Research raised Thor Industries from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Wall Street Zen upgraded shares of Thor Industries from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. BMO Capital Markets decreased their price target on shares of Thor Industries from $135.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday. Roth Mkm lifted their price objective on shares of Thor Industries from $93.00 to $97.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Finally, Truist Financial upped their target price on shares of Thor Industries from $110.00 to $112.00 and gave the company a “hold” rating in a report on Tuesday, December 9th. Three equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $106.40.

Thor Industries Stock Down 0.3%

THO opened at $90.58 on Wednesday. Thor Industries has a one year low of $63.15 and a one year high of $122.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.83 and a current ratio of 1.76. The stock has a market capitalization of $4.76 billion, a P/E ratio of 28.57, a price-to-earnings-growth ratio of 1.67 and a beta of 1.43. The business’s 50-day simple moving average is $110.13 and its 200-day simple moving average is $106.85.

Thor Industries (NYSE:THO) last announced its earnings results on Tuesday, March 3rd. The RV manufacturer reported $0.34 earnings per share (EPS) for the quarter, beating 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 business’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.01) EPS. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. Analysts anticipate that Thor Industries will post 4.64 EPS for the current year.

Insider Activity at Thor Industries

In other Thor Industries news, COO W. Todd Woelfer sold 4,567 shares of the company’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $114.84, for a total value of $524,474.28. Following the sale, the chief operating officer owned 104,109 shares of the company’s stock, valued at approximately $11,955,877.56. This represents a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Thor Industries

A number of institutional investors and hedge funds have recently bought and sold shares of THO. XTX Topco Ltd increased its position in Thor Industries by 199.7% during the second quarter. XTX Topco Ltd now owns 10,953 shares of the RV manufacturer’s stock worth $973,000 after purchasing an additional 7,298 shares during the last quarter. AXQ Capital LP purchased a new stake in shares of Thor Industries during the 2nd quarter valued at $524,000. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Thor Industries by 40.4% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 58,358 shares of the RV manufacturer’s stock worth $5,183,000 after buying an additional 16,785 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in shares of Thor Industries during the 2nd quarter worth $556,000. Finally, Oak Thistle LLC raised its position in shares of Thor Industries by 870.9% in the 3rd quarter. Oak Thistle LLC now owns 31,410 shares of the RV manufacturer’s stock worth $3,257,000 after buying an additional 28,175 shares during the period. 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.