Thor Industries (NYSE:THO) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Thor Industries (NYSE:THO) from a strong sell rating to a hold rating in a research report released on Monday,Zacks.com reports.

THO has been the subject of a number of other research reports. Argus raised shares of Thor Industries to a “hold” rating in a report on Friday, June 12th. Citigroup dropped their target price on shares of Thor Industries from $80.00 to $79.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. BMO Capital Markets reduced their price target on shares of Thor Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. Truist Financial lowered their price objective on shares of Thor Industries from $109.00 to $80.00 and set a “hold” rating for the company in a research report on Wednesday, July 8th. Finally, Bank of America dropped their price objective on shares of Thor Industries from $120.00 to $96.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Thor Industries presently has an average rating of “Hold” and an average price target of $92.33.

Thor Industries Stock Performance

Shares of Thor Industries stock opened at $79.53 on Monday. The firm has a market cap of $4.14 billion, a PE ratio of 34.43, a price-to-earnings-growth ratio of 1.54 and a beta of 1.33. The firm’s 50-day simple moving average is $76.59 and its 200-day simple moving average is $82.21. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.80 and a current ratio of 1.71. Thor Industries has a 1 year low of $69.71 and a 1 year high of $122.83.

Thor Industries (NYSE:THO) last posted its quarterly earnings results on Wednesday, June 3rd. The RV manufacturer reported $1.86 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.02). The firm had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.67 billion. Thor Industries had a return on equity of 5.74% and a net margin of 2.67%.The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter last year, the business posted $2.53 earnings per share. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. Equities analysts forecast that Thor Industries will post 3.22 earnings per share for the current fiscal year.

Thor Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Wednesday, July 1st. Thor Industries’s dividend payout ratio (DPR) is presently 90.04%.

Hedge Funds Weigh In On Thor Industries

Several institutional investors have recently modified their holdings of the company. Allworth Financial LP bought a new stake in Thor Industries in the 2nd quarter valued at about $26,000. Curio Wealth LLC acquired a new stake in shares of Thor Industries in the fourth quarter valued at approximately $36,000. Danske Bank A S bought a new stake in shares of Thor Industries during the third quarter valued at approximately $41,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Thor Industries during the fourth quarter valued at approximately $51,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of Thor Industries during the second quarter worth approximately $52,000. 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.