Madison Asset Management LLC Has $114.29 Million Stock Holdings in Thor Industries, Inc. $THO

Madison Asset Management LLC decreased its position in Thor Industries, Inc. (NYSE:THO) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,102,188 shares of the RV manufacturer’s stock after selling 11,190 shares during the period. Thor Industries accounts for 1.3% of Madison Asset Management LLC’s portfolio, making the stock its 20th largest position. Madison Asset Management LLC owned 2.09% of Thor Industries worth $114,286,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its position in Thor Industries by 1.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 6,072 shares of the RV manufacturer’s stock valued at $539,000 after purchasing an additional 99 shares during the period. Country Trust Bank raised its stake in shares of Thor Industries by 50.0% during the second quarter. Country Trust Bank now owns 300 shares of the RV manufacturer’s stock worth $27,000 after buying an additional 100 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Thor Industries by 0.3% in the second quarter. CANADA LIFE ASSURANCE Co now owns 34,810 shares of the RV manufacturer’s stock valued at $3,089,000 after buying an additional 104 shares during the period. HighPoint Advisor Group LLC boosted its stake in Thor Industries by 4.7% in the third quarter. HighPoint Advisor Group LLC now owns 2,588 shares of the RV manufacturer’s stock valued at $268,000 after acquiring an additional 115 shares during the last quarter. Finally, Fullcircle Wealth LLC boosted its stake in Thor Industries by 1.4% in the second quarter. Fullcircle Wealth LLC now owns 9,713 shares of the RV manufacturer’s stock valued at $906,000 after acquiring an additional 130 shares during the last quarter. 96.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on THO. Robert W. Baird upped their target price on shares of Thor Industries from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Loop Capital set a $133.00 price objective on Thor Industries in a report on Tuesday, January 13th. Truist Financial raised their target price on Thor Industries from $110.00 to $112.00 and gave the stock a “hold” rating in a report on Tuesday, December 9th. Citigroup upped their price target on Thor Industries from $108.00 to $116.00 and gave the company a “neutral” rating in a research note on Friday, January 16th. Finally, Raymond James Financial upgraded shares of Thor Industries from an “underperform” rating to a “market perform” rating in a research report on Monday, October 27th. Three research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Thor Industries currently has a consensus rating of “Hold” and a consensus target price of $107.20.

Thor Industries Trading Down 1.4%

NYSE:THO opened at $118.53 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.81 and a quick ratio of 0.83. The business’s 50-day simple moving average is $109.44 and its 200-day simple moving average is $105.96. Thor Industries, Inc. has a fifty-two week low of $63.15 and a fifty-two week high of $121.45. The stock has a market capitalization of $6.26 billion, a PE ratio of 37.39, a price-to-earnings-growth ratio of 2.20 and a beta of 1.40.

Thor Industries (NYSE:THO) last announced its earnings results on Wednesday, December 3rd. The RV manufacturer reported $0.41 EPS for the quarter, topping the consensus estimate of ($0.11) by $0.52. The firm had revenue of $2.39 million for the quarter, compared to the consensus estimate of $2.05 billion. Thor Industries had a net margin of 2.87% and a return on equity of 7.05%. The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the company posted ($0.03) EPS. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. Sell-side analysts expect that Thor Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

Thor Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 19th. Shareholders of record on Monday, January 5th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Monday, January 5th. Thor Industries’s dividend payout ratio is 65.62%.

Insider Transactions at Thor Industries

In other Thor Industries news, COO W. Todd Woelfer sold 4,567 shares of Thor Industries stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $114.84, for a total value of $524,474.28. Following the sale, the chief operating officer owned 104,109 shares of the company’s stock, valued at $11,955,877.56. This trade represents a 4.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 4.70% of the company’s stock.

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.