Thor Industries (THO) Stock Forecast & Price Target

Thor Industries has demonstrated strong financial growth, with a segment backlog increasing 29.3% year-over-year to $1,005 million, indicating robust demand for its products. In fiscal 2025, particular product lines performed well, as fifth wheel revenues rose by 11.5% to $387.8 million, while Class B and Class C revenues increased by 16.0% and 20.7%, respectively, showcasing unit sales growth of 17.8% and 28.0%. This positive trend in revenue growth across various segments underscores Thor Industries' strong market position and potential for continued expansion.

Thor Industries experienced a significant decline in its European segment gross profit, falling by 130 basis points year-over-year to 16.2%, primarily due to increased sales discounting. Additionally, the company reported a 20.1% year-over-year drop in campervan revenues, totaling $246.4 million, with unit sales decreasing by 26.9%, despite a 9.5% increase in average selling prices. Furthermore, caravan revenues plummeted by 22.2% year-over-year to $43.4 million, coupled with a 25.3% decrease in unit sales, leading to a decrease in segment EBT margin by 310 basis points year-over-year to 5.2%.