Thor Industries (NYSE:THO) Trading Down 4.8% – What’s Next?

Thor Industries, Inc. (NYSE:THO)’s share price dropped 4.8% during mid-day trading on Tuesday . The company traded as low as $74.22 and last traded at $75.1350. Approximately 85,565 shares traded hands during trading, a decline of 88% from the average daily volume of 719,316 shares. The stock had previously closed at $78.92.

Analyst Ratings Changes

Several research analysts have issued reports on THO shares. DA Davidson cut their price objective on 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. Benchmark restated a “hold” rating on shares of Thor Industries in a research note on Friday, June 12th. BMO Capital Markets lowered 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. Finally, Argus raised Thor Industries to a “hold” rating in a report on Friday, June 12th. Three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $95.67.

Thor Industries Price Performance

The business’s 50-day simple moving average is $76.75 and its 200 day simple moving average is $91.56. The company has a market capitalization of $3.93 billion, a P/E ratio of 32.65, a P/E/G ratio of 2.09 and a beta of 1.32. 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 posted 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). Thor Industries had a net margin of 2.67% and a return on equity of 5.74%. The company had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter last year, the business earned $2.53 earnings per share. The company’s revenue was down 3.9% on a year-over-year basis. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. As a group, sell-side analysts anticipate that Thor Industries, Inc. will post 3.2 EPS for the current year.

Thor Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, July 1st. Thor Industries’s payout ratio is presently 90.04%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Foster Dykema Cabot & Partners LLC acquired a new stake in Thor Industries during the third quarter worth $27,000. V Square Quantitative Management LLC acquired a new position in Thor Industries during the 4th quarter worth about $29,000. Curio Wealth LLC bought a new stake in Thor Industries during the 4th quarter worth about $36,000. Danske Bank A S acquired a new stake in Thor Industries in the 3rd quarter valued at about $41,000. Finally, eCIO Inc. bought a new position in shares of Thor Industries in the fourth quarter worth about $49,000. 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.