DA Davidson Has Lowered Expectations for THOR Industries (NYSE:THO) Stock Price

THOR Industries (NYSE:THO - Get Free Report) had its price target reduced by stock analysts at DA Davidson from $95.00 to $80.00 in a research note issued on Friday, MarketBeat reports. The firm presently has a "neutral" rating on the construction company's stock. DA Davidson's target price indicates a potential upside of 3.01% from the company's current price. DA Davidson also issued estimates for THOR Industries' Q3 2025 earnings at $1.84 EPS.

Several other equities research analysts also recently weighed in on the company. BMO Capital Markets lowered their price target on THOR Industries from $120.00 to $105.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Robert W. Baird lowered their target price on shares of THOR Industries from $110.00 to $100.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Benchmark restated a "hold" rating on shares of THOR Industries in a research note on Tuesday, December 3rd. Bank of America raised shares of THOR Industries from a "neutral" rating to a "buy" rating and raised their price target for the stock from $110.00 to $125.00 in a report on Monday, March 3rd. Finally, Truist Financial dropped their price objective on shares of THOR Industries from $110.00 to $90.00 and set a "hold" rating on the stock in a report on Thursday, March 6th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $104.00.

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THOR Industries Stock Down 5.4 %

Shares of NYSE THO traded down $4.47 during trading hours on Friday, hitting $77.66. 547,651 shares of the stock were exchanged, compared to its average volume of 758,266. THOR Industries has a 12 month low of $77.97 and a 12 month high of $118.85. The firm has a fifty day moving average price of $98.88 and a 200-day moving average price of $103.68. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. The company has a market cap of $4.13 billion, a PE ratio of 19.86, a PEG ratio of 1.16 and a beta of 1.74.

THOR Industries (NYSE:THO - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.08). The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The business's revenue for the quarter was down 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 earnings per share. On average, sell-side analysts expect that THOR Industries will post 4.64 EPS for the current year.

Hedge Funds Weigh In On THOR Industries

A number of large investors have recently bought and sold shares of the business. Castlekeep Investment Advisors LLC purchased a new position in THOR Industries during the fourth quarter valued at $440,000. Neo Ivy Capital Management lifted its stake in THOR Industries by 11.7% in the 4th quarter. Neo Ivy Capital Management now owns 2,451 shares of the construction company's stock valued at $234,000 after buying an additional 257 shares in the last quarter. Waverly Advisors LLC boosted its holdings in THOR Industries by 57.6% in the 4th quarter. Waverly Advisors LLC now owns 5,535 shares of the construction company's stock worth $530,000 after buying an additional 2,023 shares during the last quarter. Vident Advisory LLC grew its holdings in shares of THOR Industries by 10.5% during the fourth quarter. Vident Advisory LLC now owns 9,431 shares of the construction company's stock worth $903,000 after buying an additional 897 shares in the last quarter. Finally, Southpoint Capital Advisors LP raised its position in shares of THOR Industries by 73.2% in the fourth quarter. Southpoint Capital Advisors LP now owns 606,149 shares of the construction company's stock valued at $58,015,000 after buying an additional 256,149 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company's stock.

THOR Industries Company Profile

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.