Thor Industries (NYSE:THO) Downgraded by Zacks Research to Strong Sell

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

Several other equities analysts have also recently weighed in on the company. Robert W. Baird lifted their price target on Thor Industries from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of Thor Industries in a research note on Wednesday, October 8th. Bank of America upped their price target on Thor Industries from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Raymond James Financial raised shares of Thor Industries from an “underperform” rating to a “market perform” rating in a report on Monday, October 27th. Finally, UBS Group set a $97.00 price objective on shares of Thor Industries in a research report on Thursday. Two research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $104.80.

Thor Industries Stock Performance

Shares of THO stock opened at $102.13 on Wednesday. The firm’s 50 day moving average is $103.91 and its 200 day moving average is $98.35. The stock has a market capitalization of $5.40 billion, a P/E ratio of 24.49, a PEG ratio of 1.76 and a beta of 1.32. Thor Industries has a 12 month low of $63.15 and a 12 month high of $117.09. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.21.

Thor Industries (NYSE:THO) last released its quarterly earnings data 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 2.87% and a return on equity of 7.05%. The business had revenue of $2.39 million during the quarter, compared to analyst estimates of $2.05 billion. During the same period in the previous year, the business earned ($0.03) EPS. Thor Industries’s revenue 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. On average, sell-side analysts anticipate that Thor Industries will post 4.64 earnings per share for the current year.

Thor Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Thursday, October 23rd were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, October 23rd. This is a positive change from Thor Industries’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 2.0%. Thor Industries’s payout ratio is presently 49.88%.

Institutional Investors Weigh In On Thor Industries

Several hedge funds have recently bought and sold shares of THO. XTX Topco Ltd boosted its stake in Thor Industries by 199.7% in the second quarter. XTX Topco Ltd now owns 10,953 shares of the RV manufacturer’s stock worth $973,000 after buying an additional 7,298 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Thor Industries by 66.6% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 563 shares of the RV manufacturer’s stock worth $50,000 after acquiring an additional 225 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new stake in shares of Thor Industries in the 2nd quarter worth approximately $556,000. AXQ Capital LP purchased a new stake in shares of Thor Industries in the 2nd quarter valued at $524,000. Finally, Nuveen LLC purchased a new stake in shares of Thor Industries in the 1st quarter valued at $8,627,000. 96.71% of the stock is currently owned by 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.