Zacks Research Comments on Thor Industries FY2028 Earnings

by · The Markets Daily

Thor Industries, Inc. (NYSE:THO – Free Report) – Stock analysts at Zacks Research issued their FY2028 earnings per share (EPS) estimates for shares of Thor Industries in a note issued to investors on Wednesday, October 15th. Zacks Research analyst Team anticipates that the RV manufacturer will post earnings of $5.41 per share for the year. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Thor Industries’ current full-year earnings is $4.64 per share.

THO has been the topic of several other research reports. DA Davidson lifted their target price on Thor Industries from $78.00 to $102.00 and gave the company a “neutral” rating in a research note on Tuesday, September 30th. Truist Financial decreased their target price on Thor Industries from $115.00 to $110.00 and set a “hold” rating on the stock in a research note on Thursday, October 9th. BMO Capital Markets lifted their target price on Thor Industries from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, September 26th. KeyCorp raised Thor Industries from an “underweight” rating to a “sector weight” rating in a research note on Friday, August 1st. Finally, Citigroup decreased their target price on Thor Industries from $122.00 to $117.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Thor Industries presently has a consensus rating of “Hold” and an average target price of $104.00.

Check Out Our Latest Report on THO

Thor Industries Stock Up 0.1%

THO stock opened at $104.63 on Thursday. Thor Industries has a twelve month low of $63.15 and a twelve month high of $118.85. The company has a quick ratio of 0.90, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. The stock has a market cap of $5.51 billion, a P/E ratio of 25.09, a PEG ratio of 1.83 and a beta of 1.35. The business’s 50-day moving average price is $106.23 and its 200-day moving average price is $91.01.

Hedge Funds Weigh In On Thor Industries

A number of large investors have recently bought and sold shares of THO. Hantz Financial Services Inc. lifted its holdings in shares of Thor Industries by 2,463.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 282 shares of the RV manufacturer’s stock worth $25,000 after buying an additional 271 shares during the period. Country Trust Bank lifted its holdings in shares of Thor Industries by 50.0% in the 2nd 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. Curio Wealth LLC lifted its holdings in shares of Thor Industries by 33,300.0% in the 2nd quarter. Curio Wealth LLC now owns 334 shares of the RV manufacturer’s stock worth $30,000 after buying an additional 333 shares during the period. MAI Capital Management lifted its holdings in shares of Thor Industries by 174.8% in the 2nd quarter. MAI Capital Management now owns 371 shares of the RV manufacturer’s stock worth $33,000 after buying an additional 236 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of Thor Industries by 86.6% in the 2nd quarter. Signaturefd LLC now owns 446 shares of the RV manufacturer’s stock worth $40,000 after buying an additional 207 shares during the period. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Thor Industries announced that its Board of Directors has authorized a stock buyback program on Monday, June 23rd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the RV manufacturer to purchase up to 8.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Thor Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 23rd will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Thursday, October 23rd. This is an increase from Thor Industries’s previous quarterly dividend of $0.50. Thor Industries’s dividend payout ratio (DPR) is presently 47.96%.

About Thor Industries

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THOR Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.

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