Peter Busch Orthwein Acquires 2,600 Shares of Thor Industries (NYSE:THO) Stock

Thor Industries, Inc. (NYSE:THO) Director Peter Busch Orthwein purchased 2,600 shares of the business’s stock in a transaction on Friday, March 6th. The stock was acquired at an average price of $88.25 per share, with a total value of $229,450.00. Following the completion of the acquisition, the director directly owned 139,000 shares in the company, valued at $12,266,750. The trade was a 1.91% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Thor Industries Trading Down 1.3%

Shares of Thor Industries stock opened at $84.77 on Wednesday. Thor Industries, Inc. has a fifty-two week low of $63.15 and a fifty-two week high of $122.83. The business’s fifty day moving average is $108.98 and its two-hundred day moving average is $106.39. The company has a quick ratio of 0.73, a current ratio of 1.76 and a debt-to-equity ratio of 0.20. The firm has a market cap of $4.46 billion, a PE ratio of 26.32, a P/E/G ratio of 1.64 and a beta of 1.44.

Thor Industries (NYSE:THO) last announced its quarterly earnings data on Tuesday, March 3rd. The RV manufacturer reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.31. Thor Industries had a return on equity of 6.96% and a net margin of 3.02%.The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the business earned ($0.01) earnings per share. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. Analysts anticipate that Thor Industries, Inc. will post 4.64 earnings per share for the current year.

Thor Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 19th. Shareholders of record on Monday, January 5th were issued a $0.52 dividend. The ex-dividend date was Monday, January 5th. This represents a $2.08 annualized dividend and a yield of 2.5%. Thor Industries’s payout ratio is 64.60%.

Hedge Funds Weigh In On Thor Industries

A number of institutional investors have recently added to or reduced their stakes in THO. XTX Topco Ltd lifted its stake in shares of Thor Industries by 199.7% in the second quarter. XTX Topco Ltd now owns 10,953 shares of the RV manufacturer’s stock worth $973,000 after acquiring an additional 7,298 shares in the last quarter. AXQ Capital LP acquired a new stake in Thor Industries during the 2nd quarter valued at approximately $524,000. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Thor Industries by 40.4% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 58,358 shares of the RV manufacturer’s stock valued at $5,183,000 after purchasing an additional 16,785 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new stake in Thor Industries during the 2nd quarter worth approximately $556,000. Finally, Oak Thistle LLC increased its holdings in Thor Industries by 870.9% during the 3rd quarter. Oak Thistle LLC now owns 31,410 shares of the RV manufacturer’s stock worth $3,257,000 after purchasing an additional 28,175 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

Wall Street Analysts Forecast Growth

THO has been the topic of several recent analyst reports. Loop Capital set a $133.00 price objective on shares of Thor Industries in a report on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Thor Industries in a research note on Wednesday, January 21st. BMO Capital Markets cut their price target on shares of Thor Industries from $135.00 to $125.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 4th. Robert W. Baird lifted their price target on shares of Thor Industries from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. Finally, Roth Mkm boosted their price objective on shares of Thor Industries from $93.00 to $97.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Three analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $106.40.

Thor Industries Company 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.