Thor Industries (NYSE:THO) Trading Down 6.6% After Analyst Downgrade

Thor Industries, Inc. (NYSE:THO) traded down 6.6% during trading on Wednesday after Truist Financial lowered their price target on the stock from $109.00 to $80.00. Truist Financial currently has a hold rating on the stock. Thor Industries traded as low as $71.27 and last traded at $70.5450. 84,921 shares changed hands during trading, a decline of 88% from the average daily volume of 719,993 shares. The stock had previously closed at $75.50.

A number of other analysts have also recently commented on the stock. Benchmark reaffirmed a “hold” rating on shares of Thor Industries in a report on Friday, June 12th. Weiss Ratings cut shares of Thor Industries from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. DA Davidson cut their price objective on shares of Thor Industries from $100.00 to $80.00 and set a “neutral” rating for the company in a research report on Monday, June 15th. Zacks Research lowered Thor Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, June 5th. Finally, Argus raised Thor Industries to a “hold” rating in a report on Friday, June 12th. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Thor Industries currently has an average rating of “Hold” and a consensus price target of $92.44.

Hedge Funds Weigh In On Thor Industries

A number of hedge funds have recently modified their holdings of the company. ACR Alpine Capital Research LLC raised its position in shares of Thor Industries by 18.6% during the 1st 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 period. Dimensional Fund Advisors LP boosted its holdings in Thor Industries by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,146,574 shares of the RV manufacturer’s stock worth $251,375,000 after buying an additional 96,080 shares during the period. Life Cycle Investment Partners Ltd purchased a new stake in Thor Industries in the 4th quarter worth $255,482,000. Capital Research Global Investors increased its stake in Thor Industries by 3.2% in the 4th quarter. Capital Research Global Investors now owns 1,581,876 shares of the RV manufacturer’s stock worth $162,411,000 after buying an additional 48,466 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in Thor Industries by 130.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,081,238 shares of the RV manufacturer’s stock valued at $111,011,000 after acquiring an additional 611,639 shares during the period. 96.71% of the stock is currently owned by institutional investors.

Thor Industries Trading Down 6.2%

The stock has a fifty day simple moving average of $76.28 and a 200 day simple moving average of $90.39. The firm has a market capitalization of $3.69 billion, a P/E ratio of 30.55, a PEG ratio of 2.01 and a beta of 1.33. The company has a quick ratio of 0.80, a current ratio of 1.71 and a debt-to-equity ratio of 0.20.

Thor Industries (NYSE:THO) last released its earnings results 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 business 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%.The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.53 EPS. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. As a group, research analysts forecast that Thor Industries, Inc. will post 3.2 EPS for the current year.

Thor Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.52 per share. The ex-dividend date is Wednesday, July 1st. This represents a $2.08 annualized dividend and a dividend yield of 2.9%. Thor Industries’s dividend payout ratio (DPR) is presently 90.04%.

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.