Thor Industries (NYSE:THO) Upgraded to “Hold” at Argus

Argus upgraded shares of Thor Industries (NYSE:THO) to a hold rating in a research note published on Friday morning,Zacks.com reports.

Several other research firms have also recently issued reports on THO. DA Davidson decreased their price objective on shares of Thor Industries from $102.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, March 4th. Benchmark reaffirmed a “hold” rating on shares of Thor Industries in a research report on Friday. BMO Capital Markets decreased their price objective on shares of Thor Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, June 4th. BNP Paribas Exane assumed coverage on shares of Thor Industries in a research report on Monday, April 20th. They set a “neutral” rating for the company. Finally, Roth Mkm set a $78.00 price target on shares of Thor Industries in a research note on Thursday, June 4th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $97.89.

Thor Industries Price Performance

Thor Industries stock opened at $77.29 on Friday. The stock has a market cap of $4.02 billion, a P/E ratio of 33.46, a price-to-earnings-growth ratio of 2.06 and a beta of 1.32. The company has a fifty day simple moving average of $77.45 and a 200-day simple moving average of $93.95. Thor Industries has a 12-month low of $69.71 and a 12-month high of $122.83. The company has a current ratio of 1.71, a quick ratio of 0.80 and a debt-to-equity ratio of 0.20.

Thor Industries (NYSE:THO) last released its quarterly earnings data on Wednesday, June 3rd. The RV manufacturer reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.02). The firm had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Thor Industries had a return on equity of 5.74% and a net margin of 2.67%.Thor Industries’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period last year, the firm posted $2.53 earnings per share. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. Equities analysts expect that Thor Industries will post 3.17 EPS for the current fiscal year.

Thor Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Shareholders of record on Monday, April 6th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, April 6th. Thor Industries’s dividend payout ratio (DPR) is presently 90.04%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Choreo LLC grew its position in Thor Industries by 9.9% during the 4th quarter. Choreo LLC now owns 394,513 shares of the RV manufacturer’s stock worth $41,128,000 after purchasing an additional 35,655 shares during the last quarter. WINTON GROUP Ltd boosted its holdings in shares of Thor Industries by 115.9% in the third quarter. WINTON GROUP Ltd now owns 57,262 shares of the RV manufacturer’s stock valued at $5,937,000 after acquiring an additional 30,740 shares in the last quarter. Triad Investment Management purchased a new stake in shares of Thor Industries in the fourth quarter valued at about $4,276,000. Natixis Advisors LLC boosted its holdings in shares of Thor Industries by 5.4% in the third quarter. Natixis Advisors LLC now owns 686,278 shares of the RV manufacturer’s stock valued at $71,160,000 after acquiring an additional 35,294 shares in the last quarter. Finally, Mirabella Financial Services LLP boosted its holdings in shares of Thor Industries by 65.1% in the third quarter. Mirabella Financial Services LLP now owns 30,340 shares of the RV manufacturer’s stock valued at $3,140,000 after acquiring an additional 11,965 shares in the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

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.