Thor Industries (NYSE:THO) Price Target Cut to $120.00 by Analysts at BMO Capital Markets

Thor Industries (NYSE:THO) had its target price reduced by BMO Capital Markets from $125.00 to $120.00 in a report published on Friday,Benzinga reports. BMO Capital Markets currently has an outperform rating on the RV manufacturer’s stock.

A number of other brokerages have also recently weighed in on THO. Weiss Ratings reissued a “hold (c)” rating on shares of Thor Industries in a research note on Wednesday, January 21st. Loop Capital set a $133.00 price target on Thor Industries in a research note on Tuesday, January 13th. Benchmark reissued a “hold” rating on shares of Thor Industries in a research note on Wednesday, March 4th. Wall Street Zen cut Thor Industries from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Truist Financial dropped their price target on 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 analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $105.60.

Thor Industries Trading Up 3.0%

Shares of THO opened at $80.59 on Friday. The business’s 50-day moving average price is $90.44 and its 200 day moving average price is $100.95. The stock has a market capitalization of $4.24 billion, a P/E ratio of 25.03, a P/E/G ratio of 1.52 and a beta of 1.45. Thor Industries has a 1-year low of $66.84 and a 1-year high of $122.83. The company has a current ratio of 1.76, a quick ratio of 0.73 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 analysts’ consensus estimates of $0.03 by $0.31. The firm had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Thor Industries had a return on equity of 6.96% and a net margin of 3.02%.Thor Industries’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.01) EPS. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. Analysts expect that Thor Industries will post 4.64 earnings per share for the current year.

Thor Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 20th. Shareholders of record on Monday, April 6th will be given a dividend of $0.52 per share. The ex-dividend date is Monday, April 6th. This represents a $2.08 dividend on an annualized basis and a yield of 2.6%. Thor Industries’s dividend payout ratio (DPR) is presently 64.60%.

Insider Buying and Selling

In other Thor Industries news, Director Peter Busch Orthwein acquired 2,600 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was purchased at an average cost of $88.25 per share, for a total transaction of $229,450.00. Following the transaction, the director owned 139,000 shares of the company’s stock, valued at $12,266,750. The trade was a 1.91% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.70% of the company’s stock.

Institutional Investors Weigh In On Thor Industries

A number of institutional investors have recently bought and sold shares of THO. Life Cycle Investment Partners Ltd acquired a new stake in Thor Industries during the 4th quarter worth about $255,482,000. Balyasny Asset Management L.P. boosted its position in Thor Industries by 130.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,081,238 shares of the RV manufacturer’s stock worth $111,011,000 after acquiring an additional 611,639 shares during the period. Bbfit Investments PTE Ltd. acquired a new stake in shares of Thor Industries during the 4th quarter valued at about $27,076,000. Norges Bank acquired a new stake in shares of Thor Industries during the 4th quarter valued at about $21,729,000. Finally, American Century Companies Inc. lifted its holdings in shares of Thor Industries by 16.7% during the 3rd quarter. American Century Companies Inc. now owns 1,362,071 shares of the RV manufacturer’s stock valued at $141,233,000 after buying an additional 195,357 shares during the last quarter. 96.71% of the stock is currently owned by institutional investors and hedge funds.

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.