Thor Industries (NYSE:THO) Stock Price Target Lowered at Citigroup

Thor Industries (NYSE:THO) had its target price cut by analysts at Citigroup from $76.00 to $70.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the RV manufacturer’s stock. Citigroup’s target price would suggest a potential upside of 7.46% from the stock’s current price.

THO has been the subject of several other reports. Robert W. Baird reduced their target price on Thor Industries from $90.00 to $80.00 and set a “neutral” rating for the company in a research note on Wednesday, September 23rd. Wall Street Zen cut shares of Thor Industries from a “hold” rating to a “sell” rating in a research note on Saturday, September 19th. Weiss Ratings cut shares of Thor Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, September 28th. DA Davidson cut their price target on shares of Thor Industries from $100.00 to $80.00 and set a “neutral” rating for the company in a report on Monday, June 15th. Finally, Truist Financial upped their price objective on shares of Thor Industries from $80.00 to $87.00 and gave the stock a “hold” rating in a research report on Thursday, October 8th. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Thor Industries has an average rating of “Hold” and an average target price of $85.00.

Thor Industries Price Performance

Shares of Thor Industries stock traded up $1.18 on Tuesday, hitting $65.14. The company’s stock had a trading volume of 814,231 shares, compared to its average volume of 720,440. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 19.22, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43. Thor Industries has a 1 year low of $62.83 and a 1 year high of $122.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.85 and a current ratio of 1.77. The firm has a fifty day moving average price of $73.99 and a 200-day moving average price of $75.80.

Thor Industries (NYSE:THO) last issued its quarterly earnings results on Tuesday, September 22nd. The RV manufacturer reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.10). Thor Industries had a return on equity of 3.76% and a net margin of 1.85%. The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the prior year, the company posted $2.36 EPS. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Thor Industries will post 4.12 earnings per share for the current fiscal year.

Institutional Trading of Thor Industries

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in Thor Industries in the 2nd quarter worth approximately $363,258,000. Madison Asset Management LLC purchased a new stake in shares of Thor Industries in the second quarter valued at approximately $66,217,000. Canada Pension Plan Investment Board purchased a new stake in shares of Thor Industries in the second quarter valued at approximately $65,419,000. ACR Alpine Capital Research LLC increased its holdings in shares of Thor Industries by 18.6% in the first quarter. ACR Alpine Capital Research LLC now owns 4,903,124 shares of the RV manufacturer’s stock valued at $391,711,000 after purchasing an additional 769,342 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in shares of Thor Industries by 130.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,081,238 shares of the RV manufacturer’s stock valued at $111,011,000 after purchasing an additional 611,639 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

Thor Industries News Roundup

Here are the key news stories impacting Thor Industries this week:

• Positive Sentiment: Zacks issued a preliminary FY2029 EPS forecast of $6.15, suggesting potential long-term earnings growth for the RV manufacturer. However, no rating upgrade accompanied the forecast.
• Positive Sentiment: An RV industry event highlighted a “chassis to classy” collaboration involving THOR, Genesis and Lippert, offering some visibility for the company’s brands and industry partnerships. RVWA Touts Chassis to Classy with Genesis, THOR, Lippert
• Neutral Sentiment: A separate Zacks report said it raised earnings estimates for Thor Industries, but the available report does not provide the specific revisions, making the positive implication difficult to assess. Zacks Research Raises Earnings Estimates for Thor Industries
• Neutral Sentiment: Thor Industries was the subject of a critical review and recently reached a new 12-month low, underscoring investor concerns about valuation and the RV market outlook. Critical Review: Gogoro and Thor Industries Thor Industries Hits New 12-Month Low
• Negative Sentiment: Zacks cut EPS estimates for Q1 2027 to $0.36 from $0.45, Q2 2027 to $0.21 from $0.31, Q3 2027 to $1.77 from $1.96, and FY2027 to $3.67 from $3.86. Estimates were also reduced for Q1 2028 and Q3 2028, indicating softer expected profitability across multiple periods.
• Negative Sentiment: The revisions add to existing fundamental pressure: Thor’s latest reported quarter missed EPS expectations, while revenue declined 8.4% year over year. The company’s current full-year consensus EPS estimate remains $4.12.

Thor Industries Company Profile

Thor Industries, Inc is a recreational vehicle (RV) manufacturer headquartered in Elkhart, Indiana. The company designs, manufactures, and sells towable and motorized RVs, including travel trailers, fifth wheels, conventional motorhomes, and touring coaches. Its products are marketed for vacation travel, camping, and other forms of recreational use.

Thor’s North American portfolio includes well-known brands such as Airstream, Jayco, Keystone, Dutchmen, and CrossRoads. Airstream produces premium travel trailers and touring coaches, while the company’s other brands serve a broad range of customers and price points across the RV market.

Thor also operates internationally through the Erwin Hymer Group, a major European recreational vehicle platform.