THOR Industries’ (THO) “Neutral” Rating Reiterated at DA Davidson

THOR Industries (NYSE:THO)‘s stock had its “neutral” rating reissued by research analysts at DA Davidson in a research note issued to investors on Monday, Benzinga reports. They currently have a $95.00 price objective on the construction company’s stock. DA Davidson’s price target points to a potential downside of 13.41% from the stock’s current price. 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 also recently issued reports on THO. Citigroup raised 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. BMO Capital Markets reiterated an “outperform” rating and issued a $120.00 price objective on shares of THOR Industries in a research note on Thursday, September 19th. Benchmark assumed coverage on THOR Industries in a research note on Thursday, July 18th. They set a “hold” rating for the company. Truist Financial boosted their price objective on THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Finally, Robert W. Baird dropped their price objective on THOR Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, June 6th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, THOR Industries currently has a consensus rating of “Hold” and a consensus price target of $110.80.

THOR Industries Stock Performance

NYSE THO traded down $0.26 during trading hours on Monday, reaching $109.71. The stock had a trading volume of 38,980 shares, compared to its average volume of 498,876. THOR Industries has a 52-week low of $84.54 and a 52-week high of $129.31. The stock has a market cap of $5.84 billion, a P/E ratio of 22.36 and a beta of 1.67. The stock has a fifty day moving average of $103.10 and a 200 day moving average of $101.33. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.74 and a current ratio of 1.69.

THOR Industries (NYSE:THO) last announced its earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.33. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.47 billion. THOR Industries had a return on equity of 7.02% and a net margin of 2.64%. The business’s quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.68 EPS. Sell-side analysts predict that THOR Industries will post 4.5 earnings per share for the current year.

Institutional Trading of THOR Industries

A number of institutional investors have recently bought and sold shares of THO. Pacer Advisors Inc. lifted its position in shares of 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. Dimensional Fund Advisors LP lifted its position in shares of 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 acquiring an additional 187,019 shares in the last quarter. Scout Investments Inc. lifted its position in shares of THOR Industries by 89.7% in the fourth quarter. Scout Investments Inc. now owns 239,396 shares of the construction company’s stock valued at $28,309,000 after acquiring an additional 113,201 shares in the last quarter. American Century Companies Inc. lifted its position in shares of THOR Industries by 12.2% in the second quarter. American Century Companies Inc. now owns 723,910 shares of the construction company’s stock valued at $67,649,000 after acquiring an additional 78,832 shares in the last quarter. Finally, ACR Alpine Capital Research LLC lifted its position in shares of 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 acquiring an additional 62,716 shares in the last quarter. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

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.