Canada Pension Plan Investment Board Takes $65.42 Million Position in Thor Industries, Inc. $THO

Canada Pension Plan Investment Board acquired a new stake in shares of Thor Industries, Inc. (NYSE:THO) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 870,394 shares of the RV manufacturer’s stock, valued at approximately $65,419,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Parallel Advisors LLC boosted its stake in Thor Industries by 16.9% in the 4th quarter. Parallel Advisors LLC now owns 621 shares of the RV manufacturer’s stock worth $64,000 after purchasing an additional 90 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Thor Industries by 1.7% in the second quarter. BNP Paribas Financial Markets now owns 6,072 shares of the RV manufacturer’s stock worth $539,000 after buying an additional 99 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Thor Industries by 0.3% in the second quarter. CANADA LIFE ASSURANCE Co now owns 34,810 shares of the RV manufacturer’s stock worth $3,089,000 after buying an additional 104 shares in the last quarter. CWM LLC boosted its position in shares of Thor Industries by 18.9% in the fourth quarter. CWM LLC now owns 794 shares of the RV manufacturer’s stock valued at $82,000 after acquiring an additional 126 shares during the period. Finally, Benjamin Edwards Inc. grew its stake in Thor Industries by 5.9% during the fourth quarter. Benjamin Edwards Inc. now owns 2,435 shares of the RV manufacturer’s stock valued at $250,000 after acquiring an additional 136 shares in the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Wall Street Analyst Weigh In

THO has been the topic of a number of analyst reports. BMO Capital Markets decreased their target price on shares of Thor Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. Weiss Ratings downgraded shares of Thor Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Zacks Research upgraded shares of Thor Industries from a “strong sell” rating to a “hold” rating in a research report on Monday. Loop Capital upped their price target on shares of Thor Industries from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. Finally, Truist Financial lowered their price objective on Thor Industries from $109.00 to $80.00 and set a “hold” rating on the stock in a research report on Wednesday, July 8th. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $92.33.

Thor Industries Stock Down 1.9%

THO opened at $76.41 on Friday. The stock has a market cap of $3.98 billion, a PE ratio of 33.08, a P/E/G ratio of 1.51 and a beta of 1.33. The company has a quick ratio of 0.80, a current ratio of 1.71 and a debt-to-equity ratio of 0.20. Thor Industries, Inc. has a 52 week low of $69.71 and a 52 week high of $122.83. The business’s fifty day simple moving average is $76.78 and its 200 day simple moving average is $81.62.

Thor Industries (NYSE:THO) last released its quarterly earnings results on Wednesday, June 3rd. The RV manufacturer reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.02). The firm had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Thor Industries had a net margin of 2.67% and a return on equity of 5.74%. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.53 EPS. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. As a group, research analysts expect that Thor Industries, Inc. will post 3.22 earnings per share for the current fiscal year.

Thor Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Wednesday, July 1st. Thor Industries’s dividend payout ratio (DPR) is presently 90.04%.

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.