Roth Capital Reiterates “$77.00” Price Target for THOR Industries (NYSE:THO)

THOR Industries (NYSE:THO) received a $77.00 price objective from research analysts at Roth Capital in a note issued to investors on Monday, Marketbeat Ratings reports. The brokerage currently has a “neutral” rating on the construction company’s stock. Roth Capital’s price objective would suggest a potential downside of 13.07% from the company’s previous close. Roth Capital also issued estimates for THOR Industries’ FY2025 earnings at $3.81 EPS, Q4 2026 earnings at $1.61 EPS and FY2026 earnings at $4.95 EPS.

Other equities research analysts also recently issued research reports about the company. Wall Street Zen raised THOR Industries from a “sell” rating to a “hold” rating in a research report on Friday, June 6th. Truist Financial lifted their price objective on THOR Industries from $72.00 to $78.00 and gave the company a “hold” rating in a research report on Tuesday, June 3rd. Robert W. Baird cut THOR Industries from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $100.00 to $85.00 in a report on Friday, April 4th. BMO Capital Markets reduced their target price on THOR Industries from $120.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Finally, KeyCorp lifted their target price on THOR Industries from $60.00 to $65.00 and gave the company an “underweight” rating in a report on Friday, May 30th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $87.63.

THOR Industries Price Performance

Shares of NYSE:THO opened at $88.58 on Monday. The company has a market cap of $4.71 billion, a P/E ratio of 22.65, a P/E/G ratio of 1.16 and a beta of 1.21. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. THOR Industries has a 52 week low of $63.16 and a 52 week high of $118.85. The business has a fifty day simple moving average of $76.39 and a 200-day simple moving average of $89.44.

THOR Industries (NYSE:THO) last announced its quarterly earnings data on Wednesday, June 4th. The construction company reported $2.53 EPS for the quarter, beating analysts’ consensus estimates of $1.79 by $0.74. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.60 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.13 earnings per share. Equities research analysts forecast that THOR Industries will post 4.64 EPS for the current year.

Institutional Trading of THOR Industries

A number of hedge funds have recently modified their holdings of the business. Venturi Wealth Management LLC increased its stake in shares of THOR Industries by 1.7% in the fourth quarter. Venturi Wealth Management LLC now owns 6,312 shares of the construction company’s stock worth $604,000 after acquiring an additional 108 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of THOR Industries by 0.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 15,971 shares of the construction company’s stock worth $1,529,000 after acquiring an additional 112 shares during the last quarter. Sanctuary Advisors LLC increased its stake in shares of THOR Industries by 0.5% in the fourth quarter. Sanctuary Advisors LLC now owns 21,614 shares of the construction company’s stock worth $2,278,000 after acquiring an additional 113 shares during the last quarter. First Horizon Advisors Inc. increased its stake in shares of THOR Industries by 57.3% in the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock worth $32,000 after acquiring an additional 121 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its stake in shares of THOR Industries by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 22,364 shares of the construction company’s stock worth $2,140,000 after acquiring an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

About THOR Industries

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.