Thor Industries (NYSE:THO) Given Neutral Rating at DA Davidson

Thor Industries (NYSE:THO)‘s stock had its “neutral” rating reissued by stock analysts at DA Davidson in a note issued to investors on Thursday,Benzinga reports. They currently have a $102.00 price target on the RV manufacturer’s stock. DA Davidson’s price objective points to a potential downside of 0.09% from the company’s previous close.

A number of other analysts also recently weighed in on THO. Roth Capital boosted their target price on shares of Thor Industries from $93.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday. Loop Capital started coverage on Thor Industries in a research note on Friday, October 31st. They set a “hold” rating and a $110.00 price objective on the stock. Robert W. Baird upped their price objective on Thor Industries from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Thursday. UBS Group set a $97.00 target price on Thor Industries in a report on Thursday. Finally, Zacks Research raised Thor Industries from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 3rd. Two research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $104.80.

Thor Industries Price Performance

Thor Industries stock traded up $2.34 during midday trading on Thursday, reaching $102.10. 492,020 shares of the stock traded hands, compared to its average volume of 741,424. The company has a quick ratio of 0.90, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. Thor Industries has a 12 month low of $63.15 and a 12 month high of $117.09. The stock’s fifty day moving average is $103.98 and its 200-day moving average is $98.32. The stock has a market cap of $5.39 billion, a P/E ratio of 24.47, a PEG ratio of 1.87 and a beta of 1.32.

Thor Industries (NYSE:THO) last posted its earnings results on Wednesday, December 3rd. The RV manufacturer reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.52. Thor Industries had a net margin of 2.70% and a return on equity of 6.96%. The firm had revenue of $2.39 million during the quarter, compared to analyst estimates of $2.05 billion. During the same period last year, the firm posted ($0.03) earnings per share. Thor Industries’s revenue for the quarter was up 11.5% compared to the same quarter last year. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. As a group, equities research analysts anticipate that Thor Industries will post 4.64 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Kingsview Wealth Management LLC increased its stake in Thor Industries by 3.9% during the third quarter. Kingsview Wealth Management LLC now owns 2,659 shares of the RV manufacturer’s stock worth $276,000 after purchasing an additional 99 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Thor Industries by 1.7% in the second quarter. BNP Paribas Financial Markets now owns 6,072 shares of the RV manufacturer’s stock valued at $539,000 after purchasing an additional 99 shares in the last quarter. Country Trust Bank increased its stake in Thor Industries by 50.0% during the 2nd quarter. Country Trust Bank now owns 300 shares of the RV manufacturer’s stock worth $27,000 after buying an additional 100 shares during the period. Cibc World Market Inc. increased its stake in Thor Industries by 0.7% during the 3rd quarter. Cibc World Market Inc. now owns 14,773 shares of the RV manufacturer’s stock worth $1,532,000 after buying an additional 104 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in Thor Industries by 0.3% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 34,810 shares of the RV manufacturer’s stock worth $3,089,000 after buying an additional 104 shares in the last quarter. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

Thor Industries Company Profile

THOR Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.