Citigroup Lowers Thor Industries (NYSE:THO) Price Target to $100.00

Thor Industries (NYSE:THO) had its price objective lowered by research analysts at Citigroup from $116.00 to $100.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the RV manufacturer’s stock. Citigroup’s price target would suggest a potential upside of 10.40% from the stock’s current price.

Several other research analysts have also recently issued reports on THO. Roth Mkm raised their target price on shares of Thor Industries from $93.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Zacks Research raised Thor Industries from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. DA Davidson reiterated a “neutral” rating and set a $102.00 price objective on shares of Thor Industries in a research note on Thursday, December 4th. Truist Financial boosted their price objective on Thor Industries from $110.00 to $112.00 and gave the company a “hold” rating in a report on Tuesday, December 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Thor Industries in a research note on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $106.40.

Thor Industries Trading Down 0.3%

Thor Industries stock opened at $90.58 on Wednesday. The stock has a 50-day moving average price of $110.13 and a 200 day moving average price of $106.85. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 28.57, a price-to-earnings-growth ratio of 1.67 and a beta of 1.43. Thor Industries has a 52 week low of $63.15 and a 52 week high of $122.83. The company has a quick ratio of 0.83, a current ratio of 1.76 and a debt-to-equity ratio of 0.20.

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

Insider Activity at Thor Industries

In related news, COO W. Todd Woelfer sold 4,567 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were 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 owned 104,109 shares in the company, valued at $11,955,877.56. This represents a 4.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Thor Industries

Several large investors have recently bought and sold shares of THO. Parallel Advisors LLC lifted its position in shares of Thor Industries by 16.9% in the fourth quarter. Parallel Advisors LLC now owns 621 shares of the RV manufacturer’s stock valued at $64,000 after acquiring an additional 90 shares in the last quarter. Kingsview Wealth Management LLC increased its position in shares of Thor Industries by 3.9% during the third quarter. Kingsview Wealth Management LLC now owns 2,659 shares of the RV manufacturer’s stock worth $276,000 after purchasing an additional 99 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Thor Industries by 1.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 6,072 shares of the RV manufacturer’s stock valued at $539,000 after purchasing an additional 99 shares during the last quarter. Country Trust Bank lifted its holdings in Thor Industries by 50.0% in the 2nd quarter. Country Trust Bank now owns 300 shares of the RV manufacturer’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Finally, Cibc World Market Inc. boosted its stake in Thor Industries by 0.7% during the 3rd quarter. Cibc World Market Inc. now owns 14,773 shares of the RV manufacturer’s stock worth $1,532,000 after purchasing an additional 104 shares during the last quarter. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

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.