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

Thor Industries (NYSE:THO) had its target price reduced by equities research analysts at Citigroup from $100.00 to $82.00 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 target price indicates a potential upside of 3.73% from the stock’s current price.

Several other research firms have also recently weighed in on THO. BNP Paribas Exane started coverage on shares of Thor Industries in a research report on Monday, April 20th. They set a “neutral” rating for the company. BMO Capital Markets cut their target price on shares of Thor Industries from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Benchmark reissued a “hold” rating on shares of Thor Industries in a research note on Wednesday, March 4th. Seaport Research Partners started coverage on shares of Thor Industries in a research note on Monday, April 20th. They set a “neutral” rating on the stock. Finally, Truist Financial cut their target price on shares of Thor Industries from $112.00 to $109.00 and set a “hold” rating on the stock in a research note on Wednesday, March 11th. Three investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, Thor Industries has a consensus rating of “Hold” and a consensus price target of $103.80.

Thor Industries Trading Up 1.1%

Shares of THO traded up $0.84 during trading hours on Wednesday, hitting $79.05. 368,044 shares of the stock were exchanged, compared to its average volume of 680,053. Thor Industries has a fifty-two week low of $70.56 and a fifty-two week high of $122.83. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.76 and a quick ratio of 0.73. The business has a 50-day moving average of $77.96 and a 200-day moving average of $95.91. The firm has a market capitalization of $4.16 billion, a P/E ratio of 24.59, a price-to-earnings-growth ratio of 1.54 and a beta of 1.34.

Thor Industries (NYSE:THO) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the prior year, the company posted ($0.01) earnings per share. Thor Industries’s revenue for the quarter was up 5.3% compared to the same quarter last year. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. On average, research analysts expect that Thor Industries will post 3.75 EPS for the current year.

Insider Transactions at Thor Industries

In related news, Director Peter Busch Orthwein acquired 2,600 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average price of $88.25 per share, for a total transaction of $229,450.00. Following the completion of the acquisition, the director owned 139,000 shares of the company’s stock, valued at approximately $12,266,750. This represents a 1.91% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.70% of the company’s stock.

Institutional Trading of Thor Industries

A number of large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its holdings in Thor Industries by 190.8% during the first quarter. Bank of America Corp DE now owns 189,887 shares of the RV manufacturer’s stock worth $15,170,000 after buying an additional 124,585 shares during the last quarter. Edgestream Partners L.P. increased its holdings in Thor Industries by 133.0% during the first quarter. Edgestream Partners L.P. now owns 26,816 shares of the RV manufacturer’s stock worth $2,142,000 after buying an additional 15,309 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Thor Industries by 31.9% during the first quarter. Janus Henderson Group PLC now owns 209,172 shares of the RV manufacturer’s stock worth $16,709,000 after buying an additional 50,541 shares during the last quarter. Arkadios Wealth Advisors increased its holdings in Thor Industries by 18.6% during the first quarter. Arkadios Wealth Advisors now owns 3,858 shares of the RV manufacturer’s stock worth $308,000 after buying an additional 604 shares during the last quarter. Finally, Amundi purchased a new stake in Thor Industries during the first quarter worth about $262,000. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Thor Industries Company Profile

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.