Truist Cuts THOR Industries (THO) Target to $109 on Pricing Weakness

THOR Industries, Inc. (NYSE:THO) is included among the Dividend Capture Strategy: 14 High Yield Stocks to Buy in April.

On March 11, Truist lowered its price recommendation on THOR Industries, Inc. (NYSE:THO) to $109 from $112. It kept a Hold rating on the shares. The firm pointed to a continued decline in average selling prices. It noted that while the recent trend has been uneven, it has still moved lower since the 2.4% increase seen in July. Truist also said the revised price target reflects slightly higher assumptions for net debt at the company.

In fiscal Q2 2026, the company reported revenue of $2.13 billion. Net income attributable to THOR came in at $17.8 million, while adjusted EBITDA reached $98.1 million. The adjusted EBITDA figure excluded one-time impacts related to restructuring efforts and real estate transactions. The North American Motorized segment showed a clear improvement from the prior year. Both revenue and profitability moved higher during the period.

Net income also benefited from gains tied to real estate transactions, part of the company’s ongoing effort to streamline operations and optimize its footprint. After the quarter, on February 23, 2026, THOR introduced changes to its North American RV operating model. The move is intended to improve synergies and deliver more value to dealers, customers, and shareholders.

THOR Industries, Inc. (NYSE:THO) manufactures recreational vehicles. The company produces a wide range of RVs in the United States and Europe and sells them, along with related parts and accessories, mainly through independent, non-franchise dealers across the United States, Canada, and Europe.

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