Heartland Advisors Inc. Invests $12.86 Million in Thor Industries, Inc. $THO

Heartland Advisors Inc. acquired a new position in shares of Thor Industries, Inc. (NYSE:THO) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 171,154 shares of the RV manufacturer’s stock, valued at approximately $12,864,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP purchased a new stake in Thor Industries in the second quarter valued at approximately $26,000. Curio Wealth LLC acquired a new stake in shares of Thor Industries in the fourth quarter valued at $36,000. Danske Bank A S acquired a new stake in shares of Thor Industries in the third quarter valued at $41,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Thor Industries in the 4th quarter valued at $51,000. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of Thor Industries by 83.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 538 shares of the RV manufacturer’s stock valued at $56,000 after buying an additional 244 shares during the period. Institutional investors and hedge funds own 96.71% of the company’s stock.

Thor Industries Trading Up 1.0%

THO opened at $79.55 on Friday. Thor Industries, Inc. has a 12 month low of $69.71 and a 12 month high of $122.83. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 34.44, a PEG ratio of 1.53 and a beta of 1.33. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.71 and a quick ratio of 0.80. The business has a fifty day moving average price of $76.43 and a 200 day moving average price of $82.99.

Thor Industries (NYSE:THO) last issued its quarterly earnings results on Wednesday, June 3rd. The RV manufacturer reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.02). The company had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Thor Industries had a return on equity of 5.74% and a net margin of 2.67%.Thor Industries’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.53 EPS. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. Sell-side analysts expect that Thor Industries, Inc. will post 3.22 earnings per share for the current fiscal year.

Thor Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were issued a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $2.08 annualized dividend and a yield of 2.6%. Thor Industries’s dividend payout ratio (DPR) is 90.04%.

Analyst Ratings Changes

Several research firms recently issued reports on THO. DA Davidson decreased their target price on Thor Industries from $100.00 to $80.00 and set a “neutral” rating on the stock in a research note on Monday, June 15th. Weiss Ratings downgraded Thor Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Zacks Research cut shares of Thor Industries from a “hold” rating to a “strong sell” rating in a research report on Friday, June 5th. Argus raised shares of Thor Industries to a “hold” rating in a research note on Friday, June 12th. Finally, Roth Capital set a $78.00 price objective on shares of Thor Industries in a report on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $92.33.

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.