Shares of Thor Industries, Inc. (NYSE:THO – Get Free Report) reached a new 52-week low on Tuesday . The company traded as low as $70.56 and last traded at $71.5170, with a volume of 26286 shares. The stock had previously closed at $73.81.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. Citigroup dropped their target price on Thor Industries from $116.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, March 4th. Seaport Research Partners assumed coverage on Thor Industries in a research report on Monday, April 20th. They set a “neutral” rating for the company. Weiss Ratings restated a “hold (c)” rating on shares of Thor Industries in a research report on Wednesday, January 21st. DA Davidson dropped their target price on Thor Industries from $102.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, March 4th. Finally, Truist Financial dropped their target price on Thor Industries from $112.00 to $109.00 and set a “hold” rating for the company in a research report on Wednesday, March 11th. Three equities research 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, Thor Industries currently has an average rating of “Hold” and a consensus price target of $105.60.
View Our Latest Report on Thor Industries
Thor Industries Stock Down 2.5%
Thor Industries (NYSE:THO – Get Free Report) last released its quarterly earnings data on Tuesday, March 3rd. The RV manufacturer reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.31. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $1.96 billion. Thor Industries had a return on equity of 6.96% and a net margin of 3.02%.The firm’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.01) earnings per share. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. On average, equities research analysts predict that Thor Industries, Inc. will post 3.75 EPS for the current year.
Thor Industries Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Investors of record on Monday, April 6th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Monday, April 6th. Thor Industries’s dividend payout ratio is currently 64.60%.
Insider Buying and Selling
In related news, Director Peter Busch Orthwein acquired 2,600 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average price of $88.25 per share, for a total transaction of $229,450.00. Following the completion of the acquisition, the director owned 139,000 shares of the company’s stock, valued at $12,266,750. This trade represents a 1.91% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 4.70% of the company’s stock.
Institutional Investors Weigh In On Thor Industries
A number of institutional investors and hedge funds have recently added to or reduced their stakes in THO. Jones Financial Companies Lllp increased its holdings in Thor Industries by 433.3% in the first quarter. Jones Financial Companies Lllp now owns 7,061 shares of the RV manufacturer’s stock valued at $535,000 after purchasing an additional 5,737 shares during the last quarter. United Services Automobile Association bought a new stake in Thor Industries in the first quarter valued at about $269,000. Empowered Funds LLC acquired a new position in Thor Industries in the first quarter valued at about $1,177,000. Focus Partners Wealth acquired a new position in Thor Industries in the first quarter valued at about $255,000. Finally, Prudential Financial Inc. grew its stake 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 acquiring an additional 937 shares during the period. 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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