NewEdge Wealth LLC Buys New Shares in Thor Industries, Inc. $THO

NewEdge Wealth LLC bought a new position in shares of Thor Industries, Inc. (NYSE:THO) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 20,374 shares of the RV manufacturer’s stock, valued at approximately $1,531,000.

Several other large investors have also recently bought and sold shares of the stock. Kingsview Wealth Management LLC boosted its holdings in shares of Thor Industries by 955.2% in the 4th quarter. Kingsview Wealth Management LLC now owns 28,057 shares of the RV manufacturer’s stock valued at $2,881,000 after buying an additional 25,398 shares during the last quarter. Capital Research Global Investors increased its holdings in Thor Industries by 3.2% during the fourth quarter. Capital Research Global Investors now owns 1,581,876 shares of the RV manufacturer’s stock worth $162,411,000 after buying an additional 48,466 shares during the last quarter. M&T Bank Corp acquired a new position in Thor Industries during the fourth quarter worth $1,025,000. Edgestream Partners L.P. raised its position in Thor Industries by 133.0% during the first quarter. Edgestream Partners L.P. now owns 26,816 shares of the RV manufacturer’s stock worth $2,142,000 after acquiring an additional 15,309 shares in the last quarter. Finally, ACR Alpine Capital Research LLC lifted its stake in Thor Industries by 0.7% in the fourth quarter. ACR Alpine Capital Research LLC now owns 4,133,782 shares of the RV manufacturer’s stock valued at $424,415,000 after acquiring an additional 26,712 shares during the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.

Thor Industries Price Performance

NYSE:THO opened at $79.55 on Friday. The company has a market cap of $4.14 billion, a P/E ratio of 34.44, a P/E/G ratio of 1.53 and a beta of 1.33. The firm’s fifty day moving average price is $76.43 and its two-hundred day moving average price is $82.99. Thor Industries, Inc. has a one year low of $69.71 and a one year high of $122.83. 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 (NYSE:THO) last posted 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). The company 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 business’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.53 EPS. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. Equities analysts expect that Thor Industries, Inc. will post 3.22 earnings per share for the current year.

Thor Industries Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Wednesday, July 1st. This represents a $2.08 annualized dividend and a yield of 2.6%. Thor Industries’s dividend payout ratio (DPR) is 90.04%.

Wall Street Analysts Forecast Growth

THO has been the topic of several recent analyst reports. Roth Capital set a $78.00 price objective on shares of Thor Industries in a research note on Thursday, June 4th. BMO Capital Markets cut their target price on shares of Thor Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. Citigroup reduced their price target on Thor Industries from $80.00 to $79.00 and set a “neutral” rating for the company in a report on Friday, July 24th. Argus raised Thor Industries to a “hold” rating in a research report on Friday, June 12th. Finally, Loop Capital upped their price objective on Thor Industries from $90.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Thor Industries has a consensus rating of “Hold” and an average price target of $92.33.

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.