Thor Industries, Inc. (NYSE:THO – Get Free Report)’s stock price was down 4.8% during mid-day trading on Tuesday . The company traded as low as $74.22 and last traded at $75.1350. Approximately 85,565 shares changed hands during trading, a decline of 88% from the average session volume of 719,316 shares. The stock had previously closed at $78.92.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. Zacks Research cut Thor Industries from a “hold” rating to a “strong sell” rating in a report on Friday, June 5th. Truist Financial reduced their target price on Thor Industries from $112.00 to $109.00 and set a “hold” rating on the stock in a report on Wednesday, March 11th. Weiss Ratings cut Thor Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Benchmark reaffirmed a “hold” rating on shares of Thor Industries in a research note on Friday, June 12th. Finally, BNP Paribas Exane started coverage on shares of Thor Industries in a research report on Monday, April 20th. They set a “neutral” rating for the company. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $95.67.
View Our Latest Report on Thor Industries
Thor Industries Stock Up 0.1%
Thor Industries (NYSE:THO – Get Free Report) last issued its quarterly earnings results on Wednesday, June 3rd. The RV manufacturer reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.02). Thor Industries had a net margin of 2.67% and a return on equity of 5.74%. The business had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter in the previous year, the business posted $2.53 EPS. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. On average, equities research analysts expect that Thor Industries, Inc. will post 3.2 earnings per share for the current year.
Thor Industries Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Wednesday, July 1st. Thor Industries’s dividend payout ratio (DPR) is presently 90.04%.
Hedge Funds Weigh In On Thor Industries
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp increased its holdings in shares of Thor Industries by 433.3% during the first quarter. Jones Financial Companies Lllp now owns 7,061 shares of the RV manufacturer’s stock worth $535,000 after buying an additional 5,737 shares in the last quarter. United Services Automobile Association acquired a new position in Thor Industries in the 1st quarter worth about $269,000. Empowered Funds LLC acquired a new position in Thor Industries in the 1st quarter worth about $1,177,000. Focus Partners Wealth bought a new position in Thor Industries in the first quarter valued at about $255,000. Finally, Prudential Financial Inc. raised its position in Thor Industries by 20.4% in the second quarter. Prudential Financial Inc. now owns 5,534 shares of the RV manufacturer’s stock valued at $491,000 after purchasing an additional 937 shares during the last quarter. Institutional investors own 96.71% of the company’s stock.
Thor Industries Company Profile
Thor Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and related components for the leisure travel market. Through its family of well-known brands—such as Airstream, Heartland, Jayco, Keystone RV and Thor Motor Coach—the company designs, manufactures and sells a broad range of motorized and towable RVs, complemented by aftermarket parts and service solutions. Thor offers products that span travel trailers, fifth wheels, toy haulers and Class A, B and C motorhomes, addressing both entry-level and premium segments.
Founded in 1980 when Wade Thompson and Peter Orthwein acquired Airstream from Beatrice Foods, Thor Industries has grown organically and through strategic acquisitions to become one of the largest RV producers in the world.
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