THOR Industries (NYSE:THO) Receives Neutral Rating from DA Davidson

DA Davidson reissued their neutral rating on shares of THOR Industries (NYSE:THO) in a research note issued to investors on Monday, Benzinga reports. They currently have a $95.00 price target on the construction company’s stock. DA Davidson also issued estimates for THOR Industries’ Q1 2025 earnings at $0.90 EPS, FY2025 earnings at $5.00 EPS and FY2026 earnings at $7.00 EPS.

A number of other analysts have also issued reports on THO. Robert W. Baird cut their target price on THOR Industries from $120.00 to $110.00 and set an outperform rating on the stock in a research report on Thursday, June 6th. Benchmark assumed coverage on THOR Industries in a research report on Thursday, July 18th. They set a hold rating on the stock. Citigroup upped their price objective on THOR Industries from $119.00 to $124.00 and gave the stock a buy rating in a research report on Thursday, September 26th. BMO Capital Markets reaffirmed an outperform rating and set a $120.00 price objective on shares of THOR Industries in a research report on Thursday, September 19th. Finally, Truist Financial upped their price objective on THOR Industries from $95.00 to $105.00 and gave the stock a hold rating in a research report on Friday, September 20th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $110.80.

THOR Industries Stock Down 0.1 %

Shares of NYSE THO opened at $109.89 on Monday. The firm has a market cap of $5.82 billion, a price-to-earnings ratio of 22.29 and a beta of 1.67. The company has a quick ratio of 0.74, a current ratio of 1.69 and a debt-to-equity ratio of 0.27. THOR Industries has a 52-week low of $84.54 and a 52-week high of $129.31. The business’s 50 day moving average is $103.30 and its two-hundred day moving average is $101.40.

THOR Industries (NYSE:THO) last announced its earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.33. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.47 billion. THOR Industries had a return on equity of 7.02% and a net margin of 2.64%. The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.68 earnings per share. Research analysts predict that THOR Industries will post 5.21 EPS for the current year.

Hedge Funds Weigh In On THOR Industries

Several large investors have recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC increased its holdings in THOR Industries by 0.4% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,356,769 shares of the construction company’s stock valued at $500,590,000 after buying an additional 21,841 shares during the last quarter. Vanguard Group Inc. increased its holdings in THOR Industries by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 5,295,044 shares of the construction company’s stock valued at $626,139,000 after buying an additional 24,985 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in THOR Industries by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock valued at $271,097,000 after buying an additional 187,019 shares during the last quarter. ACR Alpine Capital Research LLC increased its holdings in THOR Industries by 4.3% in the second quarter. ACR Alpine Capital Research LLC now owns 1,524,303 shares of the construction company’s stock valued at $142,446,000 after buying an additional 62,716 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in THOR Industries by 35.1% in the second quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company’s stock valued at $106,567,000 after acquiring an additional 296,583 shares in 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.