Thor Industries, Inc. $THO Shares Acquired by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. lifted its position in shares of Thor Industries, Inc. (NYSE:THO) by 130.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,081,238 shares of the RV manufacturer’s stock after acquiring an additional 611,639 shares during the period. Balyasny Asset Management L.P. owned about 2.05% of Thor Industries worth $111,011,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Thor Industries during the 3rd quarter valued at approximately $27,000. V Square Quantitative Management LLC acquired a new stake in shares of Thor Industries during the 4th quarter valued at approximately $29,000. Curio Wealth LLC acquired a new stake in Thor Industries in the fourth quarter worth $36,000. Danske Bank A S acquired a new stake in Thor Industries in the third quarter worth $41,000. Finally, eCIO Inc. acquired a new stake in Thor Industries in the fourth quarter worth $49,000. 96.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Seaport Research Partners assumed coverage on Thor Industries in a research report on Monday, April 20th. They issued a “neutral” rating on the stock. Weiss Ratings raised Thor Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 3rd. Truist Financial dropped 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. Zacks Research lowered Thor Industries from a “hold” rating to a “strong sell” rating 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, June 12th. Three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Thor Industries presently has an average rating of “Hold” and an average price target of $95.67.

Thor Industries Trading Down 4.1%

NYSE:THO opened at $71.95 on Thursday. Thor Industries, Inc. has a 1 year low of $69.71 and a 1 year high of $122.83. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 31.15, a PEG ratio of 2.00 and a beta of 1.32. The business has a fifty day moving average of $77.27 and a 200-day moving average of $93.20. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.80 and a current ratio of 1.71.

Thor Industries (NYSE:THO) last released its quarterly earnings results on Wednesday, June 3rd. The RV manufacturer reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.02). Thor Industries had a return on equity of 5.74% and a net margin of 2.67%.The business had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same period in the previous year, the company posted $2.53 EPS. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. Equities analysts predict that Thor Industries, Inc. will post 3.19 earnings per share for the current year.

Thor Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be paid a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $2.08 annualized dividend and a dividend yield of 2.9%. Thor Industries’s dividend payout ratio is presently 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.