THOR Industries (NYSE:THO) Receives Underweight Rating from KeyCorp

THOR Industries (NYSE:THO - Get Free Report)'s stock had its "underweight" rating reissued by KeyCorp in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. They presently have a $65.00 price objective on the construction company's stock. KeyCorp's price objective would suggest a potential downside of 19.99% from the company's current price. 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.

Other equities research analysts have also issued reports about the stock. Citigroup lowered shares of THOR Industries from a "buy" rating to a "neutral" rating and decreased their price target for the company from $94.00 to $86.00 in a report on Wednesday, March 19th. BMO Capital Markets decreased their target price on shares of THOR Industries from $120.00 to $105.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. StockNews.com upgraded THOR Industries from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. Benchmark restated a "hold" rating on shares of THOR Industries in a research report on Tuesday, December 3rd. Finally, Robert W. Baird lowered their target price on THOR Industries from $110.00 to $100.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $93.00.

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THOR Industries Price Performance

NYSE THO traded up $2.16 on Thursday, hitting $81.24. 679,394 shares of the company's stock were exchanged, compared to its average volume of 570,524. The stock has a 50-day moving average of $95.82 and a 200-day moving average of $101.80. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of 20.78, a P/E/G ratio of 1.16 and a beta of 1.74. THOR Industries has a 52 week low of $75.78 and a 52 week high of $118.85. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26.

THOR Industries (NYSE:THO - Get Free Report) last announced 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). THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the company earned $0.13 earnings per share. THOR Industries's quarterly revenue was down 8.6% compared to the same quarter last year. Analysts expect that THOR Industries will post 4.64 earnings per share for the current year.

Hedge Funds Weigh In On THOR Industries

Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in THOR Industries by 37.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company's stock valued at $165,078,000 after purchasing an additional 411,466 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of THOR Industries by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 611,890 shares of the construction company's stock valued at $58,564,000 after purchasing an additional 10,455 shares during the last quarter. State Street Corp increased its position in shares of THOR Industries by 2.1% during the third quarter. State Street Corp now owns 1,624,002 shares of the construction company's stock worth $178,462,000 after buying an additional 33,619 shares during the period. Salvus Wealth Management LLC raised its stake in THOR Industries by 19.4% during the fourth quarter. Salvus Wealth Management LLC now owns 42,168 shares of the construction company's stock worth $4,036,000 after buying an additional 6,838 shares during the last quarter. Finally, FMR LLC raised its stake in THOR Industries by 8.0% during the third quarter. FMR LLC now owns 29,716 shares of the construction company's stock worth $3,265,000 after buying an additional 2,205 shares during the last quarter. 96.71% of the stock is currently owned by institutional investors.

About THOR Industries

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.