Bank of America Lowers Thor Industries (NYSE:THO) Price Target to $86.00

Thor Industries (NYSE:THO) had its price objective lowered by research analysts at Bank of America from $96.00 to $86.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the RV manufacturer’s stock. Bank of America‘s price objective suggests a potential upside of 15.39% from the company’s previous close.

A number of other analysts have also commented on THO. Truist Financial decreased their price objective on Thor Industries from $109.00 to $80.00 and set a “hold” rating for the company in a report on Wednesday, July 8th. Zacks Research raised Thor Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, August 24th. Argus upgraded Thor Industries to a “hold” rating in a report on Friday, June 12th. DA Davidson decreased their price target on Thor Industries from $100.00 to $80.00 and set a “neutral” rating for the company in a report on Monday, June 15th. Finally, Citigroup dropped their price objective on Thor Industries from $79.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 16th. Three analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $89.22.

Thor Industries Stock Up 6.6%

Shares of NYSE THO opened at $74.53 on Monday. The stock has a market capitalization of $3.88 billion, a P/E ratio of 32.27, a P/E/G ratio of 1.54 and a beta of 1.34. The company has a 50-day moving average price of $76.25 and a 200-day moving average price of $77.18. Thor Industries has a 1 year low of $67.31 and a 1 year high of $122.83. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.71 and a quick ratio of 0.80.

Thor Industries (NYSE:THO) last posted its earnings results on Tuesday, September 22nd. The RV manufacturer reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.10). Thor Industries had a return on equity of 5.74% and a net margin of 2.67%.The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the company earned $2.36 EPS. The company’s revenue was down 8.4% on a year-over-year basis. On average, equities research analysts forecast that Thor Industries will post 3.21 EPS for the current fiscal year.

Institutional Trading of Thor Industries

Hedge funds have recently made changes to their positions in the company. ACR Alpine Capital Research LLC grew its stake in shares of Thor Industries by 18.6% during the 1st quarter. ACR Alpine Capital Research LLC now owns 4,903,124 shares of the RV manufacturer’s stock worth $391,711,000 after acquiring an additional 769,342 shares during the period. BlackRock Inc. bought a new stake in Thor Industries in the 2nd quarter valued at about $363,258,000. Dimensional Fund Advisors LP lifted its holdings in Thor Industries by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 3,146,574 shares of the RV manufacturer’s stock valued at $251,375,000 after purchasing an additional 96,080 shares during the last quarter. Capital Research Global Investors lifted its holdings in Thor Industries by 3.2% during the fourth quarter. Capital Research Global Investors now owns 1,581,876 shares of the RV manufacturer’s stock valued at $162,411,000 after purchasing an additional 48,466 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in Thor Industries by 130.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,081,238 shares of the RV manufacturer’s stock worth $111,011,000 after purchasing an additional 611,639 shares during the period. 96.71% of the stock is currently owned by institutional investors.

Trending Headlines about Thor Industries

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

• Positive Sentiment: Fourth-quarter revenue of $2.31 billion exceeded analysts’ $2.18 billion estimate. Management also said independent dealer inventory turns improved sequentially and inventory levels were healthy entering fiscal 2027. Thor Industries fiscal 2026 results
• Positive Sentiment: Thor Industries maintained a strong liquidity position, reduced debt by $59.7 million during fiscal 2026 and repurchased $115.1 million of stock, including $34.3 million in the fourth quarter. These actions may support shareholder value during the RV downturn. RVBusiness fiscal 2026 results
• Positive Sentiment: The European segment provided geographic diversification, with fiscal-year sales up 3.1% on a constant-currency basis. Restructuring efforts are intended to improve production efficiency and margins. Keystone RV also reported its strongest retail performance at the Hershey RV Show since before the pandemic, offering a potential sign of resilient demand in select channels. Keystone RV Hershey RV Show sales
• Neutral Sentiment: Thor Industries delayed providing fiscal 2027 guidance, limiting visibility for investors. Management indicated that many of fiscal 2026’s economic and consumer-demand pressures could persist. Thor Industries delays fiscal 2027 outlook
• Negative Sentiment: Fourth-quarter adjusted EPS was $0.78, below consensus estimates ranging from $0.86 to $0.93 and down sharply from $2.36 a year earlier. Revenue declined 8.4% year over year, while net income fell 67.5% to $40.8 million. Thor Industries earnings miss
• Negative Sentiment: Fiscal-year gross margin contracted to 12.6% from 14.0%, adjusted EBITDA dropped 17.4%, and full-year EPS declined 30.2% to $3.38. Weak North American RV demand, lower volumes and margin pressure remain the primary risks. Bank of America also lowered its price target from $96 to $86, although it retained a Buy rating. Bank of America price target reduction

Thor Industries Company Profile

Thor Industries, Inc is a manufacturer of recreational vehicles (RVs) and related products. The company produces towable RVs, including travel trailers and fifth-wheel trailers, as well as motorized RVs such as Class A, Class B and Class C motorhomes. Its portfolio includes well-known brands such as Airstream, Jayco, Entegra Coach, Keystone, Dutchmen, Tiffin and CrossRoads.

Thor also owns Erwin Hymer Group, a major European recreational-vehicle manufacturer whose brands include HYMER, Dethleffs, Bürstner, LMC, Carado and Sunlight.