Heartland Advisors Inc. Makes New Investment in Thor Industries, Inc. $THO

Heartland Advisors Inc. bought a new position in shares of Thor Industries, Inc. (NYSE:THO) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 171,154 shares of the RV manufacturer’s stock, valued at approximately $12,864,000. Heartland Advisors Inc. owned approximately 0.33% of Thor Industries as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. ACR Alpine Capital Research LLC boosted its position in Thor Industries by 18.6% during the first quarter. ACR Alpine Capital Research LLC now owns 4,903,124 shares of the RV manufacturer’s stock worth $391,711,000 after purchasing an additional 769,342 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Thor Industries in the second quarter valued at approximately $363,258,000. Dimensional Fund Advisors LP raised its stake in shares of Thor Industries by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,146,574 shares of the RV manufacturer’s stock worth $251,375,000 after buying an additional 96,080 shares during the period. Life Cycle Investment Partners Ltd acquired a new position in shares of Thor Industries during the 4th quarter worth approximately $255,482,000. Finally, Capital Research Global Investors lifted its position in shares of Thor Industries by 3.2% during the 4th quarter. Capital Research Global Investors now owns 1,581,876 shares of the RV manufacturer’s stock valued at $162,411,000 after buying an additional 48,466 shares in the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Thor Industries Price Performance

Thor Industries stock opened at $79.55 on Friday. The company has a current ratio of 1.71, a quick ratio of 0.80 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average price of $76.43 and a 200 day moving average price of $82.99. Thor Industries, Inc. has a 12-month low of $69.71 and a 12-month high of $122.83. The stock has a market cap of $4.14 billion, a P/E ratio of 34.44, a PEG ratio of 1.53 and a beta of 1.33.

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

Thor Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors 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 dividend yield of 2.6%. The ex-dividend date of this dividend was Wednesday, July 1st. Thor Industries’s dividend payout ratio (DPR) is presently 90.04%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Citigroup dropped their price target on shares of Thor Industries from $80.00 to $79.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. DA Davidson decreased their price objective 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. Zacks Research lowered shares of Thor Industries from a “hold” rating to a “strong sell” rating in a research report on Friday, June 5th. Truist Financial cut their target price on shares of Thor Industries from $109.00 to $80.00 and set a “hold” rating for the company in a research note on Wednesday, July 8th. Finally, Argus upgraded shares of Thor Industries to a “hold” rating in a research report on Friday, June 12th. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $92.33.

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.