Thor Industries, Inc. $THO Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp increased its position in Thor Industries, Inc. (NYSE:THO) by 2,594.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,492 shares of the RV manufacturer’s stock after buying an additional 22,620 shares during the quarter. Fifth Third Bancorp’s holdings in Thor Industries were worth $1,877,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ACR Alpine Capital Research LLC grew its position in Thor Industries by 18.6% during the first quarter. ACR Alpine Capital Research LLC now owns 4,903,124 shares of the RV manufacturer’s stock valued at $391,711,000 after acquiring an additional 769,342 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in shares of Thor Industries by 3.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 10,863 shares of the RV manufacturer’s stock worth $868,000 after purchasing an additional 371 shares during the period. Koshinski Asset Management Inc. raised its holdings in shares of Thor Industries by 32.2% in the 1st quarter. Koshinski Asset Management Inc. now owns 2,592 shares of the RV manufacturer’s stock worth $207,000 after purchasing an additional 631 shares during the period. Turtle Creek Wealth Advisors LLC lifted its stake in shares of Thor Industries by 9.6% in the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 5,029 shares of the RV manufacturer’s stock valued at $402,000 after purchasing an additional 441 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Thor Industries in the 1st quarter valued at about $3,866,000. Institutional investors and hedge funds own 96.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on THO shares. Loop Capital increased their target price on shares of Thor Industries from $90.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. DA Davidson decreased their price objective on shares of Thor Industries from $100.00 to $80.00 and set a “neutral” rating for the company in a research note on Monday, June 15th. Citigroup dropped their price objective on shares of Thor Industries from $82.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, June 5th. BNP Paribas Exane initiated coverage on shares of Thor Industries in a research note on Monday, April 20th. They issued a “neutral” rating on the stock. Finally, Bank of America reduced their target price on shares of Thor Industries from $120.00 to $96.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Thor Industries presently has a consensus rating of “Hold” and an average target price of $92.44.

Thor Industries Price Performance

THO opened at $77.61 on Thursday. The company has a fifty day simple moving average of $75.80 and a 200 day simple moving average of $88.03. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 33.60, a PEG ratio of 2.00 and a beta of 1.33. Thor Industries, Inc. has a twelve month low of $69.71 and a twelve month high of $122.83. The company has a current ratio of 1.71, a quick ratio of 0.80 and a debt-to-equity ratio of 0.20.

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). The firm had revenue of $2.78 billion during 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 business’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.53 EPS. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. Equities research analysts expect that Thor Industries, Inc. will post 3.2 EPS for the current fiscal year.

Thor Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Wednesday, July 1st. Thor Industries’s payout ratio is presently 90.04%.

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.