Brandywine Global Investment Management LLC Purchases Shares of 79,128 Thor Industries, Inc. $THO

Brandywine Global Investment Management LLC purchased a new stake in shares of Thor Industries, Inc. (NYSE:THO) in the fourth quarter, Holdings Channel.com reports. The firm purchased 79,128 shares of the RV manufacturer’s stock, valued at approximately $8,124,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC boosted its stake in Thor Industries by 3.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 9,865 shares of the RV manufacturer’s stock valued at $1,013,000 after purchasing an additional 331 shares during the last quarter. Capital Research Global Investors boosted its stake in Thor Industries by 3.2% during the 4th quarter. Capital Research Global Investors now owns 1,581,876 shares of the RV manufacturer’s stock valued at $162,411,000 after purchasing an additional 48,466 shares during the last quarter. Vestcor Inc boosted its stake in Thor Industries by 581.0% during the 4th quarter. Vestcor Inc now owns 3,970 shares of the RV manufacturer’s stock valued at $408,000 after purchasing an additional 3,387 shares during the last quarter. Parallel Advisors LLC boosted its stake in Thor Industries by 16.9% during the 4th quarter. Parallel Advisors LLC now owns 621 shares of the RV manufacturer’s stock valued at $64,000 after purchasing an additional 90 shares during the last quarter. Finally, Curio Wealth LLC acquired a new position in Thor Industries during the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 96.71% of the company’s stock.

Analysts Set New Price Targets

THO has been the subject of a number of analyst reports. Weiss Ratings upgraded Thor Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, June 3rd. Truist Financial dropped their target price on shares of Thor Industries from $112.00 to $109.00 and set a “hold” rating on the stock in a research report on Wednesday, March 11th. Bank of America dropped their target price on shares of Thor Industries from $120.00 to $96.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. Wall Street Zen cut shares of Thor Industries from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Roth Mkm set a $78.00 price target on shares of Thor Industries in a report on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $97.89.

Thor Industries Trading Up 2.1%

NYSE:THO opened at $79.01 on Wednesday. The company has a current ratio of 1.71, a quick ratio of 0.80 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $4.11 billion, a PE ratio of 34.20, a price-to-earnings-growth ratio of 1.99 and a beta of 1.32. The firm’s 50 day moving average is $77.58 and its 200 day moving average is $94.38. Thor Industries, Inc. has a 12 month low of $69.71 and a 12 month high of $122.83.

Thor Industries (NYSE:THO) last released its quarterly earnings data on Wednesday, June 3rd. The RV manufacturer reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.02). Thor Industries had a net margin of 2.67% and a return on equity of 5.74%. The business had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter in the prior year, the firm posted $2.53 earnings per share. The firm’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. Sell-side analysts expect that Thor Industries, Inc. will post 3.3 earnings per share for the current year.

Thor Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Investors of record on Monday, April 6th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Monday, April 6th. Thor Industries’s payout ratio is currently 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.