Thor Industries, Inc. $THO Shares Sold by Heartland Advisors Inc.

Heartland Advisors Inc. reduced its holdings in Thor Industries, Inc. (NYSE:THO) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,817 shares of the RV manufacturer’s stock after selling 6,953 shares during the quarter. Thor Industries accounts for 0.9% of Heartland Advisors Inc.’s holdings, making the stock its 26th biggest position. Heartland Advisors Inc. owned about 0.31% of Thor Industries worth $16,716,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Life Cycle Investment Partners Ltd acquired a new position in Thor Industries in the fourth quarter worth approximately $255,482,000. Norges Bank acquired a new stake in shares of Thor Industries during the 4th quarter valued at $21,729,000. American Century Companies Inc. lifted its position in shares of Thor Industries by 16.7% during the 3rd quarter. American Century Companies Inc. now owns 1,362,071 shares of the RV manufacturer’s stock valued at $141,233,000 after acquiring an additional 195,357 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Thor Industries by 156.9% during the 3rd quarter. Bank of America Corp DE now owns 62,615 shares of the RV manufacturer’s stock worth $6,493,000 after acquiring an additional 172,575 shares in the last quarter. Finally, Gotham Asset Management LLC boosted its stake in shares of Thor Industries by 42.3% during the 3rd quarter. Gotham Asset Management LLC now owns 381,095 shares of the RV manufacturer’s stock worth $39,516,000 after acquiring an additional 113,297 shares in the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on THO. DA Davidson cut their target price on Thor Industries from $102.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 4th. Seaport Research Partners initiated coverage on Thor Industries in a research report on Monday, April 20th. They issued a “neutral” rating for the company. BMO Capital Markets dropped their price target on Thor Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. Loop Capital boosted their price objective on Thor Industries from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. Finally, Truist Financial reduced their price objective on shares of Thor Industries from $112.00 to $109.00 and set a “hold” rating for the company in a research note on Wednesday, March 11th. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $97.89.

Thor Industries Price Performance

Shares of NYSE:THO opened at $75.10 on Thursday. The company’s fifty day moving average is $77.52 and its two-hundred day moving average is $94.23. The company has a market cap of $3.91 billion, a P/E ratio of 32.51, a price-to-earnings-growth ratio of 2.11 and a beta of 1.32. Thor Industries, Inc. has a 12-month low of $69.71 and a 12-month high of $122.83. 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 issued its 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). 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 analyst estimates of $2.67 billion. During the same period last year, the business earned $2.53 EPS. 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. Equities analysts expect that Thor Industries, Inc. will post 3.17 earnings per share for the current fiscal year.

Thor Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Shareholders of record on Monday, April 6th were given a dividend of $0.52 per share. The ex-dividend date was Monday, April 6th. This represents a $2.08 dividend on an annualized basis and a yield of 2.8%. Thor Industries’s dividend payout ratio (DPR) 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.