NewEdge Wealth LLC Acquires Shares of 20,374 Thor Industries, Inc. $THO

NewEdge Wealth LLC acquired a new position in shares of Thor Industries, Inc. (NYSE:THO) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 20,374 shares of the RV manufacturer’s stock, valued at approximately $1,531,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kingsview Wealth Management LLC grew its stake in shares of Thor Industries by 955.2% in the fourth quarter. Kingsview Wealth Management LLC now owns 28,057 shares of the RV manufacturer’s stock valued at $2,881,000 after acquiring an additional 25,398 shares in the last quarter. Capital Research Global Investors increased its position in Thor Industries by 3.2% during the fourth quarter. Capital Research Global Investors now owns 1,581,876 shares of the RV manufacturer’s stock worth $162,411,000 after acquiring an additional 48,466 shares during the period. M&T Bank Corp acquired a new stake in Thor Industries in the 4th quarter worth about $1,025,000. Edgestream Partners L.P. raised its stake in Thor Industries by 133.0% in the 1st quarter. Edgestream Partners L.P. now owns 26,816 shares of the RV manufacturer’s stock worth $2,142,000 after purchasing an additional 15,309 shares in the last quarter. Finally, ACR Alpine Capital Research LLC boosted its holdings in Thor Industries by 0.7% in the 4th quarter. ACR Alpine Capital Research LLC now owns 4,133,782 shares of the RV manufacturer’s stock valued at $424,415,000 after purchasing an additional 26,712 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. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 34.44, a P/E/G ratio of 1.53 and a beta of 1.33. The company has a quick ratio of 0.80, a current ratio of 1.71 and a debt-to-equity ratio of 0.20. Thor Industries, Inc. has a twelve month low of $69.71 and a twelve month high of $122.83. The company has a 50-day simple moving average of $76.43 and a 200 day simple moving average of $82.99.

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

Thor Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st 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 of this dividend was Wednesday, July 1st. Thor Industries’s dividend payout ratio (DPR) is 90.04%.

Wall Street Analyst Weigh In

THO has been the topic of a number of analyst reports. Bank of America decreased 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. Truist Financial dropped their price target on shares of Thor Industries from $109.00 to $80.00 and set a “hold” rating for the company in a research report on Wednesday, July 8th. Loop Capital boosted their price target on Thor Industries from $90.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. DA Davidson reduced their price target on Thor Industries from $100.00 to $80.00 and set a “neutral” rating on the stock in a research report on Monday, June 15th. Finally, Roth Capital set a $78.00 price objective on Thor Industries in a research note on Thursday, June 4th. Three 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. Based on data from MarketBeat.com, Thor Industries currently has a consensus rating of “Hold” and an average price target of $92.33.

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.