Thor Industries (NYSE:THO) Shares Down 4.8% – Here’s What Happened

Shares of Thor Industries, Inc. (NYSE:THO) fell 4.8% during mid-day trading on Tuesday . The company traded as low as $74.22 and last traded at $75.1350. Approximately 85,565 shares were traded during trading, a decline of 88% from the average daily volume of 719,316 shares. The stock had previously closed at $78.92.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Argus upgraded Thor Industries to a “hold” rating in a report on Friday, June 12th. BNP Paribas Exane initiated coverage on Thor Industries in a report on Monday, April 20th. They set a “neutral” rating on the stock. DA Davidson dropped their price target on Thor Industries from $100.00 to $80.00 and set a “neutral” rating for the company in a report on Monday, June 15th. Roth Mkm set a $78.00 price target on shares of Thor Industries in a report on Thursday, June 4th. Finally, Benchmark reaffirmed a “hold” rating on shares of Thor Industries in a research report on Friday, June 12th. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $95.67.

Thor Industries Trading Down 4.4%

The company has a quick ratio of 0.80, a current ratio of 1.71 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $3.93 billion, a PE ratio of 32.65, a PEG ratio of 2.09 and a beta of 1.32. The stock’s fifty day simple moving average is $76.75 and its 200 day simple moving average is $91.56.

Thor Industries (NYSE:THO) last issued its quarterly earnings data on Wednesday, June 3rd. The RV manufacturer reported $1.86 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $2.67 billion. During the same period in the previous year, the business earned $2.53 earnings per share. The business’s quarterly revenue was down 3.9% on a year-over-year basis. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. On average, sell-side analysts predict that Thor Industries, Inc. will post 3.2 earnings per share for the current year.

Thor Industries Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp lifted its position in shares of Thor Industries by 433.3% during the first quarter. Jones Financial Companies Lllp now owns 7,061 shares of the RV manufacturer’s stock worth $535,000 after purchasing an additional 5,737 shares in the last quarter. United Services Automobile Association acquired a new stake in Thor Industries in the 1st quarter valued at about $269,000. Empowered Funds LLC purchased a new position in shares of Thor Industries in the 1st quarter valued at about $1,177,000. Focus Partners Wealth acquired a new stake in Thor Industries during the first quarter worth approximately $255,000. Finally, Prudential Financial Inc. grew its stake in shares of Thor Industries by 20.4% in the 2nd quarter. Prudential Financial Inc. now owns 5,534 shares of the RV manufacturer’s stock valued at $491,000 after purchasing an additional 937 shares during the last quarter. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

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.