Norges Bank Takes $21.73 Million Position in Thor Industries, Inc. $THO

Norges Bank acquired a new stake in Thor Industries, Inc. (NYSE:THO) in the 4th quarter, Holdings Channel reports. The firm acquired 211,637 shares of the RV manufacturer’s stock, valued at approximately $21,729,000.

Several other hedge funds and other institutional investors have also made changes to their positions in THO. Life Cycle Investment Partners Ltd purchased a new position in shares of Thor Industries in the 4th quarter valued at about $255,482,000. American Century Companies Inc. boosted its stake in shares of Thor Industries by 16.7% in the 3rd quarter. American Century Companies Inc. now owns 1,362,071 shares of the RV manufacturer’s stock valued at $141,233,000 after buying an additional 195,357 shares during the period. Bank of America Corp DE boosted its stake in shares of Thor Industries by 156.9% in the 3rd quarter. Bank of America Corp DE now owns 62,615 shares of the RV manufacturer’s stock valued at $6,493,000 after buying an additional 172,575 shares during the period. Gotham Asset Management LLC boosted its stake in shares of Thor Industries by 42.3% in the 3rd quarter. Gotham Asset Management LLC now owns 381,095 shares of the RV manufacturer’s stock valued at $39,516,000 after buying an additional 113,297 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Thor Industries in the 3rd quarter valued at about $8,725,000. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on THO shares. Seaport Research Partners started coverage on Thor Industries in a research note on Monday, April 20th. They issued a “neutral” rating for the company. DA Davidson decreased their price objective on Thor Industries from $102.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, March 4th. Loop Capital raised their target price on Thor Industries from $90.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. BMO Capital Markets cut their target price on Thor Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. Finally, Truist Financial cut their target price on Thor Industries from $112.00 to $109.00 and set a “hold” rating on the stock in a research report on Wednesday, March 11th. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $97.89.

Thor Industries Trading Up 2.1%

THO opened at $79.01 on Wednesday. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 34.20, a price-to-earnings-growth ratio of 1.99 and a beta of 1.32. Thor Industries, Inc. has a 52 week low of $69.71 and a 52 week high of $122.83. The business’s 50 day moving average is $77.58 and its two-hundred day moving average is $94.38. 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 (NYSE:THO) last released its quarterly earnings results on Wednesday, June 3rd. The RV manufacturer reported $1.86 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.02). The firm had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.67 billion. Thor Industries had a return on equity of 5.74% and a net margin of 2.67%.The company’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period last year, the firm earned $2.53 EPS. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. On average, research analysts predict that Thor Industries, Inc. will post 3.3 EPS for the current year.

Thor Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 20th. Shareholders of record on Monday, April 6th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Monday, April 6th. This represents a $2.08 annualized dividend and a yield of 2.6%. Thor Industries’s payout ratio is 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.