Truist Financial Has Lowered Expectations for Thor Industries (NYSE:THO) Stock Price

Thor Industries (NYSE:THO) had its price objective lowered by stock analysts at Truist Financial from $109.00 to $80.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the RV manufacturer’s stock. Truist Financial’s price objective would suggest a potential upside of 12.20% from the stock’s current price.

Several other equities analysts also recently weighed in on the company. BNP Paribas Exane assumed coverage on Thor Industries in a research report on Monday, April 20th. They set a “neutral” rating on the stock. Zacks Research cut shares of Thor Industries from a “hold” rating to a “strong sell” rating in a research report on Friday, June 5th. BMO Capital Markets decreased 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 4th. Citigroup decreased their price target on shares of Thor Industries from $82.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Finally, Roth Capital set a $78.00 price objective on Thor Industries in a research note on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $92.44.

Thor Industries Stock Performance

Shares of THO stock traded down $4.20 on Wednesday, reaching $71.30. The stock had a trading volume of 50,485 shares, compared to its average volume of 719,756. The stock has a market cap of $3.71 billion, a P/E ratio of 30.98, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.80 and a current ratio of 1.71. Thor Industries has a 1 year low of $69.71 and a 1 year high of $122.83. The company has a 50 day simple moving average of $76.28 and a 200 day simple moving average of $90.39.

Thor Industries (NYSE:THO) last announced 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 firm had revenue of $2.78 billion during 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 company’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.53 earnings per share. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. Equities research analysts expect that Thor Industries will post 3.2 EPS for the current year.

Hedge Funds Weigh In On Thor Industries

Large investors have recently bought and sold shares of the business. V Square Quantitative Management LLC bought a new position in shares of Thor Industries in the 4th quarter worth $29,000. Curio Wealth LLC purchased a new stake in Thor Industries in the fourth quarter valued at about $36,000. Danske Bank A S acquired a new stake in Thor Industries in the third quarter worth about $41,000. eCIO Inc. purchased a new stake in shares of Thor Industries during the fourth quarter worth about $49,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Thor Industries during the 4th quarter valued at approximately $51,000. Institutional investors own 96.71% of the company’s stock.

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.