Harvest Investment Advisors LLC Takes $1.93 Million Position in Thor Industries, Inc. $THO

Harvest Investment Advisors LLC bought a new position in shares of Thor Industries, Inc. (NYSE:THO) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 18,766 shares of the RV manufacturer’s stock, valued at approximately $1,927,000.

Several other hedge funds and other institutional investors have also made changes to their positions in THO. Jones Financial Companies Lllp raised its position in shares of Thor Industries by 433.3% during the 1st quarter. Jones Financial Companies Lllp now owns 7,061 shares of the RV manufacturer’s stock worth $535,000 after acquiring an additional 5,737 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of Thor Industries during the 1st quarter worth about $269,000. Empowered Funds LLC acquired a new stake in shares of Thor Industries during the 1st quarter worth about $1,177,000. Focus Partners Wealth acquired a new stake in shares of Thor Industries during the 1st quarter worth about $255,000. Finally, Prudential Financial Inc. raised its position in shares of Thor Industries by 20.4% during the 2nd quarter. Prudential Financial Inc. now owns 5,534 shares of the RV manufacturer’s stock worth $491,000 after acquiring an additional 937 shares in the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on THO. 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. Roth Mkm set a $78.00 target price on Thor Industries 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. Citigroup cut their price target on Thor Industries from $82.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, June 5th. Finally, Benchmark reaffirmed a “hold” rating on shares of Thor Industries in a research report on Friday. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $95.67.

Thor Industries Trading Down 1.3%

THO opened at $75.03 on Wednesday. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 32.48, a price-to-earnings-growth ratio of 2.02 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 $77.38 and its two-hundred day moving average is $93.44. 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 3.19 EPS for the current year.

Thor Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $2.08 annualized dividend and a yield of 2.8%. Thor Industries’s payout ratio is 90.04%.

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.