Analysts at Wall Street Zen have upgraded their rating for Thor Industries (NYSE:THO) from “hold” to “buy,” according to a research note released on Saturday. This change reflects growing confidence in the company’s performance and outlook, following a series of evaluations from various financial institutions.
In recent days, several analysts have provided updated insights on Thor Industries. Zacks Research raised its rating from “strong sell” to “hold” on January 1. Loop Capital set a price target of $133.00 for the company’s shares in a report issued earlier this week. Similarly, Citigroup increased their price objective from $108.00 to $116.00 and assigned a “neutral” rating. Benchmark reaffirmed its “hold” rating on December 2, while Raymond James Financial upgraded Thor Industries from “underperform” to “market perform” on October 27. Overall, the consensus among analysts indicates three “buy” ratings and eleven “hold” ratings, with a projected average price target of $107.20, as reported by MarketBeat.com.
Current Stock Performance and Financial Metrics
Thor Industries opened trading at $114.88 on Friday, reflecting its ongoing strength in the market. The company’s 50-day moving average is $104.72, with a 200-day moving average at $102.97. Key financial metrics reveal a quick ratio of 0.83, a current ratio of 1.81, and a low debt-to-equity ratio of 0.21. With a market capitalization of $6.07 billion and a price-to-earnings (P/E) ratio of 36.24, the company demonstrates solid financial health. Over the past twelve months, Thor Industries has seen a low of $63.15 and a high of $117.98.
Recently, the company reported its quarterly earnings on December 3, where it achieved an earnings per share (EPS) of $0.41, exceeding analysts’ expectations of a loss of $0.11 by $0.52. Thor Industries’ revenue for this quarter was $2.39 billion, surpassing analyst estimates of $2.05 billion, and marking an 11.5% increase compared to the same quarter last year. The company has set its fiscal year 2026 guidance at an EPS range of $3.750 to $4.250. Analysts forecast an average EPS of $4.64 for the current fiscal year.
Insider Activity and Institutional Investment Trends
In insider activity, W. Todd Woelfer, the Chief Operating Officer of Thor Industries, sold 4,567 shares on January 15 at an average price of $114.84, amounting to approximately $524,474.28. Following this transaction, Woelfer retains 104,109 shares valued at around $11,955,877.56, indicating a 4.20% reduction in his holdings. This transaction was disclosed in a filing with the Securities and Exchange Commission.
Institutional investors continue to show significant interest in Thor Industries. Recent activity includes Triad Investment Management, which acquired a new stake worth $4.276 million in the fourth quarter. Salvus Wealth Management LLC increased its stake by 0.6%, now owning 53,581 shares valued at $5.501 million. Additionally, Wealth Enhancement Advisory Services LLC boosted its stake by 4.7%, while GAMMA Investing LLC expanded its position by 56.6%. Institutional investors currently hold 96.71% of the company’s stock, reflecting strong confidence in Thor Industries’ future prospects.
Founded in 1980, Thor Industries is a leading manufacturer of recreational vehicles (RVs) and related components, catering to the leisure travel market. The company’s diverse portfolio includes well-known brands such as Airstream, Heartland, Jayco, and Keystone RV. Thor Industries continues to expand its reach, offering a wide range of motorized and towable RVs that meet the needs of both entry-level and premium consumers.
