Thor Industries (NYSE:THO) Releases Earnings Results, Beats Expectations By $0.52 EPS

Thor Industries (NYSE:THO) issued its earnings results on Wednesday. The RV manufacturer reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.52, RTT News reports. The business had revenue of $2.39 million during the quarter, compared to analyst estimates of $2.05 billion. Thor Industries had a return on equity of 7.05% and a net margin of 2.87%.Thor Industries’s revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.03) earnings per share. Thor Industries updated its FY 2026 guidance to 3.750-4.250 EPS.

Thor Industries Stock Performance

NYSE THO opened at $102.13 on Friday. Thor Industries has a 1-year low of $63.15 and a 1-year high of $117.09. The company has a 50 day moving average of $103.91 and a 200-day moving average of $98.35. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.21. The firm has a market cap of $5.40 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 1.76 and a beta of 1.32.

Thor Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Thursday, October 23rd were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, October 23rd. This is a positive change from Thor Industries’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 2.0%. Thor Industries’s dividend payout ratio (DPR) is 49.88%.

Institutional Investors Weigh In On Thor Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. Danske Bank A S acquired a new position in Thor Industries in the third quarter worth $41,000. CIBC Private Wealth Group LLC increased its stake in shares of Thor Industries by 83.0% in the third quarter. CIBC Private Wealth Group LLC now owns 538 shares of the RV manufacturer’s stock valued at $56,000 after buying an additional 244 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Thor Industries by 132.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 848 shares of the RV manufacturer’s stock valued at $75,000 after buying an additional 483 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Thor Industries by 44.0% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 818 shares of the RV manufacturer’s stock worth $85,000 after buying an additional 250 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its holdings in Thor Industries by 62.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,156 shares of the RV manufacturer’s stock worth $120,000 after acquiring an additional 446 shares during the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on THO shares. Truist Financial lowered their price target on shares of Thor Industries from $115.00 to $110.00 and set a “hold” rating on the stock in a report on Thursday, October 9th. Benchmark reiterated a “hold” rating on shares of Thor Industries in a research report on Tuesday. Roth Capital increased their price target on shares of Thor Industries from $93.00 to $97.00 and gave the stock a “neutral” rating in a research report on Thursday. Bank of America lifted their price objective on Thor Industries from $100.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Finally, Raymond James Financial upgraded Thor Industries from an “underperform” rating to a “market perform” rating in a research note on Monday, October 27th. Two equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $104.80.

About Thor Industries

THOR Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.