Candlestick Capital Management LP Decreases Position in Thor Industries, Inc. $THO

Candlestick Capital Management LP decreased its holdings in Thor Industries, Inc. (NYSE:THO) by 14.2% in the third quarter, Holdings Channel reports. The firm owned 551,457 shares of the RV manufacturer’s stock after selling 91,266 shares during the period. Thor Industries comprises about 1.4% of Candlestick Capital Management LP’s portfolio, making the stock its 24th largest position. Candlestick Capital Management LP’s holdings in Thor Industries were worth $57,181,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in THO. Kingsview Wealth Management LLC increased its position in Thor Industries by 3.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 2,659 shares of the RV manufacturer’s stock valued at $276,000 after buying an additional 99 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Thor Industries by 1.7% in the second quarter. BNP Paribas Financial Markets now owns 6,072 shares of the RV manufacturer’s stock valued at $539,000 after buying an additional 99 shares during the last quarter. Country Trust Bank boosted its holdings in Thor Industries by 50.0% in the second quarter. Country Trust Bank now owns 300 shares of the RV manufacturer’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Cibc World Market Inc. grew its stake in shares of Thor Industries by 0.7% during the third quarter. Cibc World Market Inc. now owns 14,773 shares of the RV manufacturer’s stock worth $1,532,000 after acquiring an additional 104 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its stake in shares of Thor Industries by 0.3% during the second quarter. CANADA LIFE ASSURANCE Co now owns 34,810 shares of the RV manufacturer’s stock worth $3,089,000 after acquiring an additional 104 shares during the last quarter. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

THO has been the topic of several recent analyst reports. UBS Group set a $97.00 price objective on shares of Thor Industries in a report on Thursday, December 4th. Roth Mkm boosted their target price on shares of Thor Industries from $93.00 to $97.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Weiss Ratings restated a “hold (c)” rating on shares of Thor Industries in a research note on Wednesday, January 21st. DA Davidson decreased their price target on shares of Thor Industries from $102.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, March 4th. Finally, BMO Capital Markets lowered their price objective on shares of Thor Industries from $135.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday, March 4th. Three equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $106.10.

Insiders Place Their Bets

In related news, COO W. Todd Woelfer sold 4,567 shares of the business’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $114.84, for a total transaction of $524,474.28. Following the completion of the transaction, the chief operating officer directly owned 104,109 shares in the company, valued at $11,955,877.56. The trade was a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Peter Busch Orthwein purchased 2,600 shares of the stock in a transaction 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 acquisition, the director owned 139,000 shares of the company’s stock, valued at $12,266,750. The trade was a 1.91% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 4.70% of the stock is owned by corporate insiders.

Thor Industries Trading Down 0.1%

Shares of NYSE:THO opened at $82.26 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.76 and a debt-to-equity ratio of 0.20. Thor Industries, Inc. has a 52-week low of $63.15 and a 52-week high of $122.83. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 25.55, a PEG ratio of 1.57 and a beta of 1.43. The business has a 50-day moving average price of $107.75 and a 200-day moving average price of $105.85.

Thor Industries (NYSE:THO) last issued its earnings results on Tuesday, March 3rd. The RV manufacturer reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.31. Thor Industries had a return on equity of 6.96% and a net margin of 3.02%.The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. Thor Industries’s revenue for the quarter was up 5.3% on a year-over-year basis. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. Equities analysts predict that Thor Industries, Inc. will post 4.64 EPS for the current year.

Thor Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 19th. Stockholders of record on Monday, January 5th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, January 5th. Thor Industries’s dividend payout ratio is 64.60%.

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.