Thor Industries (NYSE:THO) Sets New 12-Month Low After Analyst Downgrade

Thor Industries, Inc. (NYSE:THO)’s stock price reached a new 52-week low during trading on Wednesday after Citigroup lowered their price target on the stock from $79.00 to $76.00. Citigroup currently has a neutral rating on the stock. Thor Industries traded as low as $69.23 and last traded at $69.0350, with a volume of 677484 shares trading hands. The stock had previously closed at $71.32.

Several other equities analysts have also recently weighed in on the company. Weiss Ratings cut Thor Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. DA Davidson cut their target price on Thor Industries from $100.00 to $80.00 and set a “neutral” rating for the company in a research note on Monday, June 15th. Argus raised Thor Industries to a “hold” rating in a report on Friday, June 12th. Benchmark reiterated a “hold” rating on shares of Thor Industries in a research report on Friday, June 12th. Finally, Loop Capital increased their price target on shares of Thor Industries from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $90.33.

Trending Headlines about Thor Industries

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

• Positive Sentiment: Zacks said Thor Industries has a favorable combination of factors that could support an earnings beat when it reports results, creating a potential near-term catalyst for THO. Thor Industries Expected to Beat Earnings Estimates
• Positive Sentiment: BMO Capital Markets maintained an “outperform” rating despite reducing its price target from $110 to $95, implying substantial potential upside if the company delivers stronger results or an improved outlook. Thor Industries Analyst Price Target Update
• Neutral Sentiment: Thor Industries will release fiscal fourth-quarter results before the market opens on Tuesday, Sept. 22. The report and management’s guidance are likely to determine the stock’s next major move. THOR Industries to Release Q4 Performance Report
• Neutral Sentiment: The company’s plan to centralize RV leadership is being examined as a potential way to generate operating synergies, although investors are also considering whether it could reduce flexibility across Thor’s brands. Thor Industries Centralizing RV Leadership
• Negative Sentiment: Citigroup lowered its price target from $79 to $76 and assigned a “neutral” rating, signaling limited conviction in near-term upside and contributing to the cautious tone around THO. Citigroup Lowers Thor Industries Price Target
• Negative Sentiment: Analyst previews generally anticipate year-over-year declines in fourth-quarter EPS and revenue, increasing the risk of disappointment if Thor’s results or outlook fail to exceed subdued expectations. Thor Industries Gears Up for Q4 Earnings

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. ACR Alpine Capital Research LLC lifted its position in Thor Industries by 18.6% during the first quarter. ACR Alpine Capital Research LLC now owns 4,903,124 shares of the RV manufacturer’s stock valued at $391,711,000 after purchasing an additional 769,342 shares during the last quarter. BlackRock Inc. bought a new position in shares of Thor Industries in the 2nd quarter worth $363,258,000. Life Cycle Investment Partners Ltd purchased a new stake in shares of Thor Industries during the 4th quarter valued at $255,482,000. Dimensional Fund Advisors LP raised its position in shares of Thor Industries by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,146,574 shares of the RV manufacturer’s stock valued at $251,375,000 after buying an additional 96,080 shares in the last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of Thor Industries by 3.2% during the 4th quarter. Capital Research Global Investors now owns 1,581,876 shares of the RV manufacturer’s stock worth $162,411,000 after acquiring an additional 48,466 shares during the last quarter. 96.71% of the stock is currently owned by institutional investors.

Thor Industries Price Performance

The business’s fifty day moving average price is $76.49 and its 200-day moving average price is $78.02. The company has a market capitalization of $3.61 billion, a P/E ratio of 29.99, a P/E/G ratio of 1.61 and a beta of 1.34. The company has a current ratio of 1.71, a quick ratio of 0.80 and a debt-to-equity ratio of 0.20.

About Thor Industries

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.