Gotham Asset Management LLC Purchases 113,297 Shares of Thor Industries, Inc. $THO

Gotham Asset Management LLC grew its position in shares of Thor Industries, Inc. (NYSE:THO) by 42.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 381,095 shares of the RV manufacturer’s stock after buying an additional 113,297 shares during the quarter. Gotham Asset Management LLC owned 0.72% of Thor Industries worth $39,516,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Thor Industries in the second quarter valued at approximately $51,597,000. Timucuan Asset Management Inc. FL lifted its holdings in Thor Industries by 9.2% during the second quarter. Timucuan Asset Management Inc. FL now owns 2,674,398 shares of the RV manufacturer’s stock worth $237,513,000 after acquiring an additional 225,997 shares during the period. American Century Companies Inc. boosted its position in Thor Industries by 16.7% in the third quarter. American Century Companies Inc. now owns 1,362,071 shares of the RV manufacturer’s stock worth $141,233,000 after purchasing an additional 195,357 shares during the last quarter. Bank of America Corp DE boosted its position in Thor Industries by 156.9% in the third quarter. Bank of America Corp DE now owns 62,615 shares of the RV manufacturer’s stock worth $6,493,000 after purchasing an additional 172,575 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in Thor Industries in the 3rd quarter valued at $8,725,000. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Insiders Place Their Bets

In related news, COO W. Todd Woelfer sold 4,567 shares of the stock in a transaction on 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 in the company, valued at approximately $11,955,877.56. This trade represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Peter Busch Orthwein acquired 2,600 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were acquired at an average cost of $88.25 per share, with a total value of $229,450.00. Following the purchase, the director directly owned 139,000 shares of the company’s stock, valued at $12,266,750. This trade represents a 1.91% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 4.70% of the company’s stock.

Thor Industries Price Performance

Shares of NYSE:THO opened at $82.26 on Monday. The company has a 50 day moving average of $107.75 and a 200 day moving average of $105.82. The stock has a market cap of $4.33 billion, a P/E ratio of 25.55, a P/E/G ratio of 1.57 and a beta of 1.44. Thor Industries, Inc. has a 12 month low of $63.15 and a 12 month high of $122.83. The company has a current ratio of 1.76, a quick ratio of 0.73 and a debt-to-equity ratio of 0.20.

Thor Industries (NYSE:THO) last posted its earnings results on Tuesday, March 3rd. The RV manufacturer reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.31. Thor Industries had a net margin of 3.02% and a return on equity of 6.96%. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the firm posted ($0.01) EPS. Thor Industries’s revenue was up 5.3% on a year-over-year basis. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. As a group, sell-side analysts forecast that Thor Industries, Inc. will post 4.64 EPS for the current fiscal year.

Thor Industries Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on THO shares. BMO Capital Markets decreased their target price on Thor Industries from $135.00 to $125.00 and set an “outperform” rating for the company in a research report on Wednesday, March 4th. DA Davidson reduced their price target on shares of Thor Industries from $102.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, March 4th. Zacks Research raised shares of Thor Industries from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Benchmark reissued a “hold” rating on shares of Thor Industries in a research report on Wednesday, March 4th. Finally, Roth Mkm raised their price target on shares of Thor Industries from $93.00 to $97.00 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. Three equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, Thor Industries has a consensus rating of “Hold” and a consensus price target of $106.10.

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.