Thor Industries, Inc. $THO Stock Holdings Lowered by Novare Capital Management LLC

Novare Capital Management LLC cut its holdings in shares of Thor Industries, Inc. (NYSE:THO) by 90.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,319 shares of the RV manufacturer’s stock after selling 95,693 shares during the period. Novare Capital Management LLC’s holdings in Thor Industries were worth $1,070,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. ACR Alpine Capital Research LLC increased its holdings in shares of Thor Industries by 22.5% in the second quarter. ACR Alpine Capital Research LLC now owns 4,265,031 shares of the RV manufacturer’s stock valued at $378,777,000 after buying an additional 782,114 shares in the last quarter. Timucuan Asset Management Inc. FL grew its holdings in shares of Thor Industries by 9.2% in the 2nd 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 last quarter. American Century Companies Inc. raised its position in shares of Thor Industries by 16.7% during the second quarter. American Century Companies Inc. now owns 1,166,714 shares of the RV manufacturer’s stock worth $103,616,000 after purchasing an additional 166,895 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Thor Industries by 7.2% during the second quarter. Envestnet Asset Management Inc. now owns 843,051 shares of the RV manufacturer’s stock valued at $74,871,000 after purchasing an additional 56,377 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of Thor Industries by 22.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 672,694 shares of the RV manufacturer’s stock valued at $59,742,000 after purchasing an additional 125,035 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on THO. Truist Financial lifted their price target on Thor Industries from $110.00 to $112.00 and gave the stock a “hold” rating in a research note on Tuesday, December 9th. Citigroup lifted their target price on shares of Thor Industries from $108.00 to $116.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Loop Capital set a $133.00 price target on shares of Thor Industries in a research report on Tuesday, January 13th. DA Davidson reaffirmed a “neutral” rating and issued a $102.00 price objective on shares of Thor Industries in a research note on Thursday, December 4th. Finally, Benchmark reissued a “hold” rating on shares of Thor Industries in a research note on Tuesday, December 2nd. Three investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $107.20.

Insider Buying and Selling

In other news, COO W. Todd Woelfer sold 4,567 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $114.84, for a total transaction of $524,474.28. Following the completion of the transaction, the chief operating officer directly owned 104,109 shares in the company, valued at $11,955,877.56. The trade was a 4.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.70% of the stock is currently owned by corporate insiders.

Thor Industries Stock Performance

Shares of THO stock opened at $114.50 on Wednesday. Thor Industries, Inc. has a fifty-two week low of $63.15 and a fifty-two week high of $119.27. The stock’s 50-day moving average is $106.92 and its two-hundred day moving average is $104.23. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.81 and a quick ratio of 0.83. The firm has a market cap of $6.05 billion, a P/E ratio of 36.12, a PEG ratio of 2.09 and a beta of 1.34.

Thor Industries (NYSE:THO) last released its quarterly earnings results on Wednesday, December 3rd. The RV manufacturer reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.52. The business had revenue of $2.39 million for the quarter, compared to the consensus estimate of $2.05 billion. Thor Industries had a net margin of 2.87% and a return on equity of 7.05%. Thor Industries’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.03) EPS. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. Analysts predict that Thor Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

Thor Industries Announces Dividend

The firm also recently announced 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 of this dividend was Monday, January 5th. This represents a $2.08 dividend on an annualized basis and a yield of 1.8%. Thor Industries’s dividend payout ratio (DPR) is 65.62%.

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.