Thor Industries (NYSE:THO) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Thor Industries (NYSE:THO) from a hold rating to a buy rating in a research report released on Saturday.

THO has been the subject of a number of other research reports. Truist Financial lifted their price target on Thor Industries from $110.00 to $112.00 and gave the stock a “hold” rating in a report on Tuesday, December 9th. Zacks Research raised Thor Industries from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Loop Capital set a $133.00 price target on shares of Thor Industries in a research report on Tuesday. UBS Group set a $97.00 target price on Thor Industries in a research note on Thursday, December 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Thor Industries in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $107.20.

Thor Industries Price Performance

Shares of THO opened at $114.88 on Friday. The stock has a market capitalization of $6.07 billion, a P/E ratio of 36.24, a P/E/G ratio of 2.10 and a beta of 1.34. Thor Industries has a twelve month low of $63.15 and a twelve month high of $117.98. The company has a 50 day moving average of $104.72 and a 200-day moving average of $103.06. The company has a quick ratio of 0.83, a current ratio of 1.81 and a debt-to-equity ratio of 0.21.

Thor Industries (NYSE:THO) last issued its quarterly earnings results on Wednesday, December 3rd. The RV manufacturer reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.52. Thor Industries had a net margin of 2.87% and a return on equity of 7.05%. The firm had revenue of $2.39 million for the quarter, compared to analyst estimates of $2.05 billion. During the same period in the previous year, the business earned ($0.03) EPS. The company’s revenue was up 11.5% compared to the same quarter last year. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. As a group, equities research analysts forecast that Thor Industries will post 4.64 EPS for the current fiscal year.

Thor Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 19th. Stockholders of record on Monday, January 5th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, January 5th. This represents a $2.08 annualized dividend and a dividend yield of 1.8%. Thor Industries’s dividend payout ratio (DPR) is presently 65.62%.

Insider Buying and Selling at Thor Industries

In related news, COO W. Todd Woelfer sold 4,567 shares of the business’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $114.84, for a total value of $524,474.28. Following the sale, the chief operating officer owned 104,109 shares of the company’s stock, valued at $11,955,877.56. The trade was a 4.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Thor Industries

A number of institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp raised its position in shares of Thor Industries by 433.3% during the first quarter. Jones Financial Companies Lllp now owns 7,061 shares of the RV manufacturer’s stock worth $535,000 after acquiring an additional 5,737 shares during the last quarter. United Services Automobile Association acquired a new stake in Thor Industries during the 1st quarter worth about $269,000. Empowered Funds LLC bought a new position in shares of Thor Industries in the 1st quarter worth about $1,177,000. Focus Partners Wealth acquired a new position in shares of Thor Industries in the 1st quarter valued at about $255,000. Finally, Voya Investment Management LLC lifted its stake in shares of Thor Industries by 2.9% in the 1st quarter. Voya Investment Management LLC now owns 6,356 shares of the RV manufacturer’s stock valued at $482,000 after purchasing an additional 179 shares during the period. 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.