THOR Industries (NYSE:THO) Rating Lowered to Strong Sell at KeyCorp

KeyCorp cut shares of THOR Industries (NYSE:THO - Free Report) from a hold rating to a strong sell rating in a report released on Wednesday morning, Marketbeat.com reports. KeyCorp currently has $65.00 target price on the construction company's stock. KeyCorp also issued estimates for THOR Industries' Q1 2026 earnings at $0.60 EPS, Q2 2026 earnings at $0.23 EPS and Q4 2026 earnings at $1.84 EPS.

A number of other analysts have also recently issued reports on the company. Bank of America raised THOR Industries from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $110.00 to $125.00 in a research report on Monday, March 3rd. Citigroup lowered THOR Industries from a "buy" rating to a "neutral" rating and reduced their price target for the company from $94.00 to $86.00 in a report on Wednesday, March 19th. BMO Capital Markets cut their price objective on shares of THOR Industries from $120.00 to $105.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. StockNews.com raised shares of THOR Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. Finally, Robert W. Baird cut their price target on shares of THOR Industries from $110.00 to $100.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $93.00.

Remove Ads

THOR Industries Stock Down 1.3 %

Shares of THO traded down $1.05 during trading hours on Wednesday, reaching $80.17. The company's stock had a trading volume of 631,980 shares, compared to its average volume of 570,482. The company has a 50 day moving average of $95.82 and a two-hundred day moving average of $101.80. 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 firm has a market cap of $4.27 billion, a price-to-earnings ratio of 20.50, a P/E/G ratio of 1.16 and a beta of 1.74. THOR Industries has a 1-year low of $75.78 and a 1-year high of $118.85.

THOR Industries (NYSE:THO - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.08). The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.98 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The firm's quarterly revenue was down 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.13 EPS. As a group, research analysts predict that THOR Industries will post 4.64 EPS for the current fiscal year.

THOR Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.49%. THOR Industries's dividend payout ratio is currently 53.05%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Venturi Wealth Management LLC grew its position in shares of THOR Industries by 1.7% in the fourth quarter. Venturi Wealth Management LLC now owns 6,312 shares of the construction company's stock valued at $604,000 after purchasing an additional 108 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in THOR Industries by 0.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 15,971 shares of the construction company's stock valued at $1,529,000 after purchasing an additional 112 shares during the period. Sanctuary Advisors LLC grew its holdings in THOR Industries by 0.5% in the 4th quarter. Sanctuary Advisors LLC now owns 21,614 shares of the construction company's stock valued at $2,278,000 after buying an additional 113 shares during the last quarter. Blue Trust Inc. increased its position in THOR Industries by 22.1% in the 4th quarter. Blue Trust Inc. now owns 669 shares of the construction company's stock worth $64,000 after buying an additional 121 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in shares of THOR Industries by 57.3% during the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company's stock worth $32,000 after buying an additional 121 shares during the last quarter. Institutional investors 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.