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

Thor Industries, Inc. (NYSE:THO) hit a new 52-week low 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 changing hands. The stock had previously closed at $71.32.

A number of other research analysts have also recently commented on the stock. DA Davidson reduced their price target on shares of Thor Industries from $100.00 to $80.00 and set a “neutral” rating on the stock in a research report on Monday, June 15th. Loop Capital boosted their price objective 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. Bank of America cut their price objective on shares of Thor Industries from $120.00 to $96.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. Weiss Ratings lowered shares of Thor Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Finally, Roth Capital set a $78.00 target price on shares of Thor Industries in a research report on Thursday, June 4th. Three analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, Thor Industries has an average rating of “Hold” and a consensus price target of $90.33.

Thor Industries News Summary

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 Investors Weigh In On Thor Industries

Several institutional investors and hedge funds have recently modified their holdings of THO. ACR Alpine Capital Research LLC increased its position in shares of 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 buying an additional 769,342 shares during the period. BlackRock Inc. bought a new position in Thor Industries in the second quarter worth about $363,258,000. Life Cycle Investment Partners Ltd purchased a new stake in Thor Industries in the fourth quarter worth about $255,482,000. Dimensional Fund Advisors LP boosted its position in 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 acquiring an additional 96,080 shares in the last quarter. Finally, Capital Research Global Investors boosted its position in 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 valued at $162,411,000 after acquiring an additional 48,466 shares in the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

Thor Industries Price Performance

The business has a fifty day simple moving average of $76.49 and a two-hundred day simple moving average of $78.02. The company has a current ratio of 1.71, a quick ratio of 0.80 and a debt-to-equity ratio of 0.20. The stock has a market cap of $3.61 billion, a PE ratio of 29.99, a P/E/G ratio of 1.61 and a beta of 1.34.

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.