Thor Industries (NYSE:THO) Price Target Lowered to $79.00 at Citigroup

Thor Industries (NYSE:THO) had its price objective cut by Citigroup from $80.00 to $79.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a neutral rating on the RV manufacturer’s stock.

THO has been the topic of a number of other research reports. Truist Financial decreased their target price on shares of Thor Industries from $109.00 to $80.00 and set a “hold” rating on the stock in a research report on Wednesday, July 8th. Roth Capital set a $78.00 price target on shares of Thor Industries in a research report on Thursday, June 4th. Weiss Ratings downgraded Thor Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. DA Davidson cut their target price on shares of Thor Industries from $100.00 to $80.00 and set a “neutral” rating on the stock in a report on Monday, June 15th. Finally, Benchmark reaffirmed a “hold” rating on shares of Thor Industries in a research note on Friday, June 12th. Three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $92.33.

Thor Industries Stock Performance

Thor Industries stock opened at $76.78 on Friday. The firm has a market capitalization of $4.00 billion, a PE ratio of 33.24, a price-to-earnings-growth ratio of 1.99 and a beta of 1.33. Thor Industries has a 1-year low of $69.71 and a 1-year high of $122.83. The firm’s 50 day simple moving average is $75.81 and its 200 day simple moving average is $87.74. The company has a current ratio of 1.71, a quick ratio of 0.80 and a debt-to-equity ratio of 0.20.

Thor Industries (NYSE:THO) last released its quarterly earnings results on Wednesday, June 3rd. The RV manufacturer reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.02). The business had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Thor Industries had a net margin of 2.67% and a return on equity of 5.74%. The business’s revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.53 EPS. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. As a group, analysts expect that Thor Industries will post 3.2 earnings per share for the current fiscal year.

Thor Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Wednesday, July 1st. Thor Industries’s payout ratio is presently 90.04%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in Thor Industries during the fourth quarter valued at $29,000. Curio Wealth LLC purchased a new stake in shares of Thor Industries in the fourth quarter worth $36,000. Danske Bank A S bought a new position in Thor Industries in the 3rd quarter worth $41,000. eCIO Inc. bought a new position in Thor Industries in the 4th quarter worth $49,000. Finally, Allworth Financial LP boosted its stake in Thor Industries by 50.2% in the 3rd quarter. Allworth Financial LP now owns 497 shares of the RV manufacturer’s stock worth $52,000 after purchasing an additional 166 shares during the period. Institutional investors 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.