Truist Financial Cuts Thor Industries (NYSE:THO) Price Target to $109.00

Thor Industries (NYSE:THO) had its price objective lowered by Truist Financial from $112.00 to $109.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a hold rating on the RV manufacturer’s stock.

Several other equities research analysts have also recently commented on the company. Roth Mkm upped their price target on Thor Industries from $93.00 to $97.00 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. DA Davidson lowered their price objective on shares of Thor Industries from $102.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 4th. Wall Street Zen cut shares of Thor Industries from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Loop Capital set a $133.00 price objective on shares of Thor Industries in a research report on Tuesday, January 13th. Finally, Zacks Research upgraded shares of Thor Industries from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. Three research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $106.10.

Thor Industries Stock Performance

Shares of THO stock opened at $82.26 on Wednesday. The stock’s 50-day moving average price is $107.75 and its 200 day moving average price is $105.87. The company has a quick ratio of 0.73, a current ratio of 1.76 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $4.33 billion, a PE ratio of 25.55, a price-to-earnings-growth ratio of 1.57 and a beta of 1.43. Thor Industries has a 52-week low of $63.15 and a 52-week high of $122.83.

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 analysts’ consensus estimates of $0.03 by $0.31. Thor Industries had a return on equity of 6.96% and a net margin of 3.02%.The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period last year, the firm earned ($0.01) EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. As a group, equities research analysts forecast that Thor Industries will post 4.64 EPS for the current year.

Thor Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 19th. Investors of record on Monday, January 5th were paid a $0.52 dividend. The ex-dividend date was Monday, January 5th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.5%. Thor Industries’s payout ratio is 64.60%.

Insiders Place Their Bets

In related news, COO W. Todd Woelfer sold 4,567 shares of the company’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $114.84, for a total transaction of $524,474.28. Following the transaction, the chief operating officer owned 104,109 shares of the company’s stock, valued at $11,955,877.56. This represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Peter Busch Orthwein acquired 2,600 shares of the business’s stock in a transaction on Friday, March 6th. The stock was acquired at an average price of $88.25 per share, with a total value of $229,450.00. Following the transaction, the director directly owned 139,000 shares of the company’s stock, valued at $12,266,750. This represents a 1.91% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 4.70% of the company’s stock.

Hedge Funds Weigh In On Thor Industries

Large investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp boosted its holdings in Thor Industries by 433.3% during the first quarter. Jones Financial Companies Lllp now owns 7,061 shares of the RV manufacturer’s stock worth $535,000 after buying an additional 5,737 shares in the last quarter. United Services Automobile Association acquired a new position in Thor Industries during the first quarter worth about $269,000. Empowered Funds LLC purchased a new position in Thor Industries in the first quarter valued at about $1,177,000. Focus Partners Wealth purchased a new position in Thor Industries in the first quarter valued at about $255,000. Finally, Police & Firemen s Retirement System of New Jersey lifted its position in shares of Thor Industries by 4.7% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 19,263 shares of the RV manufacturer’s stock valued at $1,711,000 after acquiring an additional 873 shares during the period. 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.