Thor Industries, Inc. (NYSE:THO – Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $72.82 and last traded at $73.6930, with a volume of 39580 shares changing hands. The stock had previously closed at $74.66.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on THO shares. DA Davidson decreased their target price on shares of Thor Industries from $102.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, March 4th. Citigroup dropped their price target on shares of Thor Industries from $116.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 4th. Truist Financial cut their price objective on shares of Thor Industries from $112.00 to $109.00 and set a “hold” rating on the stock in a report on Wednesday, March 11th. Wall Street Zen cut shares of Thor Industries from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, BMO Capital Markets lowered their target price on Thor Industries from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Three investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $105.60.
Check Out Our Latest Report on THO
Thor Industries Stock Performance
Thor Industries (NYSE:THO – Get Free Report) last issued its quarterly earnings results on Tuesday, March 3rd. The RV manufacturer reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.31. Thor Industries had a net margin of 3.02% and a return on equity of 6.96%. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. The business’s revenue was up 5.3% compared to the same quarter last year. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. Equities analysts forecast that Thor Industries, Inc. will post 3.75 EPS for the current year.
Thor Industries Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, April 20th. Stockholders of record on Monday, April 6th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, April 6th. Thor Industries’s dividend payout ratio is 64.60%.
Insider Activity at Thor Industries
In other news, Director Peter Busch Orthwein purchased 2,600 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average cost of $88.25 per share, for a total transaction of $229,450.00. Following the completion of the purchase, the director owned 139,000 shares of the company’s stock, valued at approximately $12,266,750. This trade represents a 1.91% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.70% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership bought a new stake in shares of Thor Industries in the 1st quarter valued at approximately $2,095,000. Caxton Associates LLP bought a new position in Thor Industries during the first quarter worth $779,000. Sei Investments Co. boosted its holdings in Thor Industries by 19.0% in the first quarter. Sei Investments Co. now owns 54,483 shares of the RV manufacturer’s stock worth $4,353,000 after purchasing an additional 8,688 shares during the period. Cetera Investment Advisers boosted its holdings in Thor Industries by 11.9% in the first quarter. Cetera Investment Advisers now owns 68,010 shares of the RV manufacturer’s stock worth $5,433,000 after purchasing an additional 7,238 shares during the period. Finally, Triad Investment Management increased its stake in Thor Industries by 12.4% during the first quarter. Triad Investment Management now owns 46,812 shares of the RV manufacturer’s stock valued at $3,740,000 after purchasing an additional 5,160 shares during the last quarter. Institutional investors own 96.71% of the company’s stock.
About Thor Industries
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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