Truist Financial Issues Pessimistic Forecast for Thor Industries (NYSE:THO) Stock Price

Thor Industries (NYSE:THO) had its target price lowered by analysts at Truist Financial from $112.00 to $109.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the RV manufacturer’s stock. Truist Financial’s target price would indicate a potential upside of 32.36% from the stock’s current price.

A number of other equities analysts have also issued reports on THO. Loop Capital set a $133.00 price target on Thor Industries in a research note on Tuesday, January 13th. Robert W. Baird upped their price objective on Thor Industries from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. Roth Mkm raised their target price on Thor Industries from $93.00 to $97.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. DA Davidson lowered their target price on Thor Industries from $102.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, March 4th. Finally, UBS Group set a $97.00 price target on shares of Thor Industries in a research report on Thursday, December 4th. Three research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $106.10.

Thor Industries Trading Down 2.8%

Shares of NYSE:THO opened at $82.35 on Wednesday. The company has a 50 day moving average of $108.21 and a 200-day moving average of $106.07. The firm has a market cap of $4.33 billion, a P/E ratio of 25.57, a P/E/G ratio of 1.61 and a beta of 1.43. Thor Industries has a twelve month low of $63.15 and a twelve month high of $122.83. The company has a current ratio of 1.76, a quick ratio of 0.73 and a debt-to-equity ratio of 0.20.

Thor Industries (NYSE:THO) last posted its quarterly earnings data on Tuesday, March 3rd. The RV manufacturer reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.31. Thor Industries had a net margin of 3.02% and a return on equity of 6.96%. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the business earned ($0.01) earnings per share. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. As a group, analysts anticipate that Thor Industries will post 4.64 earnings per share for the current fiscal year.

Insider Buying and Selling at Thor Industries

In related news, Director Peter Busch Orthwein bought 2,600 shares of Thor Industries stock in a transaction dated Friday, March 6th. The stock was acquired at an average cost of $88.25 per share, with a total value of $229,450.00. Following the completion of the acquisition, the director directly owned 139,000 shares in the company, valued at approximately $12,266,750. This trade represents a 1.91% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO W. Todd Woelfer sold 4,567 shares of the stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $114.84, for a total value of $524,474.28. Following the completion of the transaction, the chief operating officer owned 104,109 shares of the company’s stock, valued at $11,955,877.56. This trade represents a 4.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 4.70% of the company’s stock.

Institutional Trading of Thor Industries

Several institutional investors and hedge funds have recently bought and sold shares of THO. Country Trust Bank boosted its holdings 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 period. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Thor Industries in the third quarter worth approximately $27,000. V Square Quantitative Management LLC acquired a new stake in shares of Thor Industries during the fourth quarter valued at approximately $29,000. MAI Capital Management raised its holdings in shares of Thor Industries by 174.8% during the second quarter. MAI Capital Management now owns 371 shares of the RV manufacturer’s stock valued at $33,000 after acquiring an additional 236 shares during the period. Finally, Curio Wealth LLC purchased a new stake in shares of Thor Industries in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 96.71% of the company’s stock.

About Thor Industries

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.