Thor Industries (NYSE:THO) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Thor Industries (NYSE:THO – Free Report) from a hold rating to a buy rating in a report issued on Saturday morning.

A number of other brokerages also recently commented on THO. DA Davidson reiterated a “neutral” rating and set a $102.00 price target on shares of Thor Industries in a report on Thursday, December 4th. Roth Capital lifted their target price on shares of Thor Industries from $93.00 to $97.00 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. Citigroup increased their price target on Thor Industries from $108.00 to $116.00 and gave the stock a “neutral” rating in a research note on Friday. Benchmark restated a “hold” rating on shares of Thor Industries in a report on Tuesday, December 2nd. Finally, Loop Capital set a $133.00 price objective on Thor Industries in a research report on Tuesday, January 13th. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $107.20.

Check Out Our Latest Research Report on THO

Thor Industries Trading Down 0.5%

Shares of Thor Industries stock opened at $114.88 on Friday. Thor Industries has a 1 year low of $63.15 and a 1 year high of $117.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.81 and a quick ratio of 0.83. The business has a 50 day moving average price of $104.98 and a 200 day moving average price of $103.28. The company has a market capitalization of $6.07 billion, a P/E ratio of 36.24, a P/E/G ratio of 2.10 and a beta of 1.34.

Thor Industries (NYSE:THO – Get Free Report) last announced its earnings results on Wednesday, December 3rd. The RV manufacturer reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.52. Thor Industries had a return on equity of 7.05% and a net margin of 2.87%.The firm had revenue of $2.39 million for the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the prior year, the firm earned ($0.03) EPS. Thor Industries’s quarterly revenue was up 11.5% 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 fiscal year.

Thor Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 19th. Shareholders of record on Monday, January 5th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Monday, January 5th. Thor Industries’s payout ratio is 65.62%.

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 shares were sold at an average price of $114.84, for a total value of $524,474.28. Following the transaction, the chief operating officer owned 104,109 shares of the company’s stock, valued at approximately $11,955,877.56. This trade represents a 4.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Kingsview Wealth Management LLC lifted 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 lifted its holdings 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 worth $539,000 after buying an additional 99 shares in the last quarter. Country Trust Bank boosted its position 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 buying an additional 100 shares during the last quarter. Cibc World Market Inc. grew its stake in shares of Thor Industries by 0.7% during the third quarter. Cibc World Market Inc. now owns 14,773 shares of the RV manufacturer’s stock valued at $1,532,000 after acquiring an additional 104 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its stake in shares of Thor Industries by 0.3% during the second quarter. CANADA LIFE ASSURANCE Co now owns 34,810 shares of the RV manufacturer’s stock valued at $3,089,000 after acquiring an additional 104 shares in the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

About Thor Industries

(Get Free Report)

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.

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