Southernsun Asset Management LLC lowered its stake in shares of Thor Industries, Inc. (NYSE:THO – Free Report) by 8.0% in the first quarter, Holdings Channel reports. The institutional investor owned 131,107 shares of the RV manufacturer’s stock after selling 11,367 shares during the period. Thor Industries accounts for approximately 1.5% of Southernsun Asset Management LLC’s holdings, making the stock its 23rd biggest position. Southernsun Asset Management LLC’s holdings in Thor Industries were worth $10,474,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in THO. Choreo LLC increased its stake in Thor Industries by 9.9% during the fourth quarter. Choreo LLC now owns 394,513 shares of the RV manufacturer’s stock valued at $41,128,000 after acquiring an additional 35,655 shares during the period. Triad Investment Management bought a new stake in shares of Thor Industries in the 4th quarter worth approximately $4,276,000. Capital Advisors Ltd. LLC lifted its position in shares of Thor Industries by 39,500.0% in the 4th quarter. Capital Advisors Ltd. LLC now owns 20,988 shares of the RV manufacturer’s stock worth $2,155,000 after acquiring an additional 20,935 shares during the period. Kingsview Wealth Management LLC lifted its position in shares of Thor Industries by 955.2% in the 4th quarter. Kingsview Wealth Management LLC now owns 28,057 shares of the RV manufacturer’s stock worth $2,881,000 after acquiring an additional 25,398 shares during the period. Finally, Capital Research Global Investors grew its holdings in shares of Thor Industries by 3.2% during the 4th quarter. Capital Research Global Investors now owns 1,581,876 shares of the RV manufacturer’s stock worth $162,411,000 after purchasing an additional 48,466 shares in the last quarter. Institutional investors own 96.71% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. DA Davidson lowered their price objective on Thor Industries from $100.00 to $80.00 and set a “neutral” rating on the stock in a research report on Monday, June 15th. Argus raised Thor Industries to a “hold” rating in a research report on Friday, June 12th. Roth Capital set a $78.00 price target on shares of Thor Industries in a research note on Thursday, June 4th. Seaport Research Partners began coverage on shares of Thor Industries in a report on Monday, April 20th. They issued a “neutral” rating on the stock. Finally, Loop Capital increased their price objective on shares of Thor Industries from $90.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $92.44.
Thor Industries Stock Down 0.7%
NYSE THO opened at $75.29 on Wednesday. Thor Industries, Inc. has a 1-year low of $69.71 and a 1-year high of $122.83. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 32.59, a PEG ratio of 2.01 and a beta of 1.33. The stock’s 50 day moving average is $75.74 and its two-hundred day moving average is $88.21. The company has a current ratio of 1.71, a quick ratio of 0.80 and a debt-to-equity ratio of 0.20.
Thor Industries (NYSE:THO – Get Free Report) last issued its earnings results on Wednesday, June 3rd. The RV manufacturer reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.02). The company had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.67 billion. Thor Industries had a return on equity of 5.74% and a net margin of 2.67%.The company’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.53 earnings per share. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. Equities analysts forecast that Thor Industries, Inc. will post 3.2 earnings per share for the current fiscal year.
Thor Industries Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Wednesday, July 1st. Thor Industries’s dividend payout ratio is 90.04%.
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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