Freestone Grove Partners LP Makes New $9.28 Million Investment in Thor Industries, Inc. $THO

Freestone Grove Partners LP acquired a new position in shares of Thor Industries, Inc. (NYSE:THO) during the 2nd quarter, Holdings Channel reports. The fund acquired 123,409 shares of the RV manufacturer’s stock, valued at approximately $9,275,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in Thor Industries during the second quarter worth about $363,258,000. Life Cycle Investment Partners Ltd acquired a new stake in Thor Industries in the 4th quarter worth about $255,482,000. Madison Asset Management LLC purchased a new stake in Thor Industries in the 2nd quarter valued at about $66,217,000. Canada Pension Plan Investment Board purchased a new stake in Thor Industries in the 2nd quarter valued at about $65,419,000. Finally, ACR Alpine Capital Research LLC increased its stake in shares of Thor Industries by 18.6% during the 1st quarter. ACR Alpine Capital Research LLC now owns 4,903,124 shares of the RV manufacturer’s stock valued at $391,711,000 after acquiring an additional 769,342 shares during the last quarter. 96.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Truist Financial cut their price objective on shares of Thor Industries from $109.00 to $80.00 and set a “hold” rating on the stock in a report on Wednesday, July 8th. Roth Capital set a $78.00 target price on shares of Thor Industries in a report on Thursday, June 4th. Bank of America dropped their price target on shares of Thor Industries from $120.00 to $96.00 and set a “buy” rating for the company in a research report on Thursday, June 4th. Zacks Research raised shares of Thor Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, August 24th. Finally, DA Davidson decreased their price target on shares of Thor Industries from $100.00 to $80.00 and set a “neutral” rating on the stock in a report on Monday, June 15th. Three equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $92.33.

Thor Industries Stock Performance

Shares of NYSE:THO opened at $77.01 on Friday. The business has a 50-day moving average of $76.88 and a two-hundred day moving average of $81.58. The firm has a market capitalization of $4.01 billion, a PE ratio of 33.34, a P/E/G ratio of 1.48 and a beta of 1.33. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.71 and a quick ratio of 0.80. Thor Industries, Inc. has a 12 month low of $69.71 and a 12 month high of $122.83.

Thor Industries (NYSE:THO) 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). Thor Industries had a return on equity of 5.74% and a net margin of 2.67%.The firm had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter in the previous year, the firm posted $2.53 EPS. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. As a group, research analysts forecast that Thor Industries, Inc. will post 3.22 earnings per share for the current year.

Thor Industries Dividend Announcement

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

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.