THOR Industries (NYSE:THO) Earns “Neutral” Rating from DA Davidson

by · The Markets Daily

DA Davidson reissued their neutral rating on shares of THOR Industries (NYSE:THO – Free Report) in a report released on Monday morning, Benzinga reports. The brokerage currently has a $95.00 price objective on the construction company’s stock. 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 research analysts have also recently commented on THO. BMO Capital Markets reiterated an outperform rating and set a $120.00 price target on shares of THOR Industries in a research report on Thursday, September 19th. Robert W. Baird cut their target price on shares of THOR Industries from $120.00 to $110.00 and set an outperform rating on the stock in a report on Thursday, June 6th. Citigroup raised their target price on shares of THOR Industries from $119.00 to $124.00 and gave the stock a buy rating in a report on Thursday, September 26th. Truist Financial raised their target price on shares of THOR Industries from $95.00 to $105.00 and gave the stock a hold rating in a report on Friday, September 20th. Finally, Benchmark initiated coverage on shares of THOR Industries in a report on Thursday, July 18th. They issued a hold rating on the stock. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $110.80.

Read Our Latest Report on THOR Industries

THOR Industries Trading Down 1.9 %

Shares of THOR Industries stock opened at $107.61 on Monday. THOR Industries has a 12-month low of $84.54 and a 12-month high of $129.31. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 21.83 and a beta of 1.67. The company has a current ratio of 1.69, a quick ratio of 0.74 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average price is $103.79 and its 200-day moving average price is $101.50.

THOR Industries (NYSE:THO – Get Free Report) last posted its quarterly earnings data 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 company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.47 billion. THOR Industries had a net margin of 2.64% and a return on equity of 7.02%. THOR Industries’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.68 earnings per share. On average, equities analysts expect that THOR Industries will post 5.21 earnings per share for the current fiscal year.

Institutional Trading of THOR Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in THO. Parallel Advisors LLC lifted its stake in THOR Industries by 70.8% in the fourth quarter. Parallel Advisors LLC now owns 292 shares of the construction company’s stock worth $35,000 after acquiring an additional 121 shares during the period. J. W. Coons Advisors LLC lifted its position in THOR Industries by 3.4% during the fourth quarter. J. W. Coons Advisors LLC now owns 12,205 shares of the construction company’s stock valued at $1,443,000 after buying an additional 400 shares during the period. Treasurer of the State of North Carolina lifted its position in THOR Industries by 0.8% during the fourth quarter. Treasurer of the State of North Carolina now owns 35,942 shares of the construction company’s stock valued at $4,250,000 after buying an additional 279 shares during the period. Belpointe Asset Management LLC lifted its position in THOR Industries by 21.4% during the fourth quarter. Belpointe Asset Management LLC now owns 3,554 shares of the construction company’s stock valued at $420,000 after buying an additional 627 shares during the period. Finally, Pinebridge Investments L.P. purchased a new position in THOR Industries during the fourth quarter valued at $647,000. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Company Profile

(Get Free Report)

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.

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