Envestnet Asset Management Inc. Acquires 4,786 Shares of Thor Industries, Inc. $THO

Envestnet Asset Management Inc. lifted its holdings in shares of Thor Industries, Inc. (NYSE:THO) by 0.6% during the 3rd quarter, Holdings Channel reports. The firm owned 847,837 shares of the RV manufacturer’s stock after purchasing an additional 4,786 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Thor Industries were worth $87,912,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. XTX Topco Ltd increased its position in Thor Industries by 199.7% in the 2nd quarter. XTX Topco Ltd now owns 10,953 shares of the RV manufacturer’s stock valued at $973,000 after buying an additional 7,298 shares in the last quarter. AXQ Capital LP acquired a new stake in Thor Industries in the second quarter valued at approximately $524,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Thor Industries by 66.6% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 563 shares of the RV manufacturer’s stock valued at $50,000 after acquiring an additional 225 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new stake in shares of Thor Industries during the second quarter valued at approximately $556,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Thor Industries by 40.4% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 58,358 shares of the RV manufacturer’s stock worth $5,183,000 after purchasing an additional 16,785 shares during the period. 96.71% of the stock is currently owned by institutional investors.

Thor Industries Stock Up 1.5%

THO stock opened at $120.25 on Friday. The company’s 50 day moving average is $109.01 and its 200 day moving average is $105.55. The stock has a market cap of $6.35 billion, a price-to-earnings ratio of 37.93, a price-to-earnings-growth ratio of 2.20 and a beta of 1.41. Thor Industries, Inc. has a 1-year low of $63.15 and a 1-year high of $121.45. The company has a current ratio of 1.81, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21.

Thor Industries (NYSE:THO) last posted its quarterly earnings data on Wednesday, December 3rd. The RV manufacturer reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.52. Thor Industries had a net margin of 2.87% and a return on equity of 7.05%. The company had revenue of $2.39 million during the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the previous year, the firm posted ($0.03) EPS. The firm’s revenue was up 11.5% compared to the same quarter last year. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. Sell-side analysts predict that Thor Industries, Inc. will post 4.64 EPS for the current fiscal year.

Thor Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 19th. Shareholders of record on Monday, January 5th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Monday, January 5th. Thor Industries’s dividend payout ratio (DPR) is presently 65.62%.

Insider Activity at Thor Industries

In related news, COO W. Todd Woelfer sold 4,567 shares of Thor Industries stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $114.84, for a total value of $524,474.28. Following the transaction, the chief operating officer owned 104,109 shares in the company, valued at $11,955,877.56. This trade represents a 4.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Benchmark reaffirmed a “hold” rating on shares of Thor Industries in a research note on Tuesday, December 2nd. Robert W. Baird increased their price target on Thor Industries from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Thursday, December 4th. DA Davidson restated a “neutral” rating and set a $102.00 price objective on shares of Thor Industries in a report on Thursday, December 4th. Truist Financial increased their price objective on Thor Industries from $110.00 to $112.00 and gave the company a “hold” rating in a report on Tuesday, December 9th. Finally, Wall Street Zen upgraded shares of Thor Industries from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Three investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Thor Industries currently has a consensus rating of “Hold” and a consensus price target of $107.20.

Thor Industries 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.