Candlestick Capital Management LP Lowers Stock Holdings in Thor Industries, Inc. $THO

Candlestick Capital Management LP reduced its stake in Thor Industries, Inc. (NYSE:THO) by 14.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 551,457 shares of the RV manufacturer’s stock after selling 91,266 shares during the period. Thor Industries accounts for 1.4% of Candlestick Capital Management LP’s holdings, making the stock its 24th biggest holding. Candlestick Capital Management LP owned about 1.04% of Thor Industries worth $57,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of THO. Norges Bank purchased a new stake in shares of Thor Industries in the second quarter valued at approximately $51,597,000. Timucuan Asset Management Inc. FL increased its holdings in Thor Industries by 9.2% during 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 purchasing an additional 225,997 shares during the period. American Century Companies Inc. raised its position in Thor Industries by 16.7% during the 3rd quarter. American Century Companies Inc. now owns 1,362,071 shares of the RV manufacturer’s stock valued at $141,233,000 after purchasing an additional 195,357 shares in the last quarter. Bank of America Corp DE raised its position in Thor Industries by 156.9% during the 3rd quarter. Bank of America Corp DE now owns 62,615 shares of the RV manufacturer’s stock valued at $6,493,000 after purchasing an additional 172,575 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Thor Industries in the 3rd quarter worth $8,725,000. 96.71% of the stock is owned by hedge funds and other institutional investors.

Thor Industries Trading Down 0.1%

Shares of NYSE:THO opened at $82.26 on Friday. The company has a market capitalization of $4.33 billion, a PE ratio of 25.55, a P/E/G ratio of 1.57 and a beta of 1.43. 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, Inc. has a 12-month low of $63.15 and a 12-month high of $122.83. The business’s fifty day simple moving average is $107.75 and its 200-day simple moving average is $105.85.

Thor Industries (NYSE:THO) last issued its quarterly earnings data 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 return on equity of 6.96% and a net margin of 3.02%.The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the prior year, the business posted ($0.01) EPS. The firm’s quarterly 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, equities research analysts predict that Thor Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

Thor Industries Dividend Announcement

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

Insider Transactions at Thor Industries

In other news, Director Peter Busch Orthwein purchased 2,600 shares of the stock in a transaction dated Friday, March 6th. The shares were acquired at an average cost of $88.25 per share, for a total transaction of $229,450.00. Following the acquisition, the director owned 139,000 shares of the company’s stock, valued at approximately $12,266,750. This represents a 1.91% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO W. Todd Woelfer sold 4,567 shares of Thor Industries 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 approximately $11,955,877.56. The trade was a 4.20% decrease in their position. The SEC filing for this sale provides additional information. 4.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

THO has been the topic of a number of recent research reports. Citigroup dropped their price target on Thor Industries from $116.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 4th. Robert W. Baird lifted their price objective on Thor Industries from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. Loop Capital set a $133.00 price objective on shares of Thor Industries in a research note on Tuesday, January 13th. Wall Street Zen cut shares of Thor Industries from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Roth Mkm raised their target price on shares of Thor Industries from $93.00 to $97.00 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Three research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, Thor Industries presently has an average rating of “Hold” and an average 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.