Norges Bank Makes New $21.73 Million Investment in Thor Industries, Inc. $THO

Norges Bank bought a new position in Thor Industries, Inc. (NYSE:THO) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 211,637 shares of the RV manufacturer’s stock, valued at approximately $21,729,000. Norges Bank owned about 0.40% of Thor Industries as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Savant Capital LLC increased its stake in shares of Thor Industries by 16.2% in the 4th quarter. Savant Capital LLC now owns 2,673 shares of the RV manufacturer’s stock worth $274,000 after acquiring an additional 372 shares during the last quarter. Huntington National Bank increased its stake in shares of Thor Industries by 36.5% in the 4th quarter. Huntington National Bank now owns 916 shares of the RV manufacturer’s stock worth $94,000 after acquiring an additional 245 shares during the last quarter. Kingsview Wealth Management LLC increased its stake in shares of Thor Industries by 955.2% in the 4th quarter. Kingsview Wealth Management LLC now owns 28,057 shares of the RV manufacturer’s stock worth $2,881,000 after acquiring an additional 25,398 shares during the last quarter. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Thor Industries during the 4th quarter worth about $254,000. Finally, Hantz Financial Services Inc. increased its position in shares of Thor Industries by 66.6% during the 4th quarter. Hantz Financial Services Inc. now owns 1,636 shares of the RV manufacturer’s stock worth $168,000 after purchasing an additional 654 shares during the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

THO has been the subject of a number of recent analyst reports. Citigroup cut their price objective on Thor Industries from $82.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, June 5th. BMO Capital Markets cut their price objective on Thor Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, June 4th. Bank of America cut their price objective on Thor Industries from $120.00 to $96.00 and set a “buy” rating for the company in a research report on Thursday, June 4th. Zacks Research downgraded Thor Industries from a “hold” rating to a “strong sell” rating in a research report on Friday, June 5th. Finally, Loop Capital raised their price objective on Thor Industries from $90.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $97.89.

Thor Industries Stock Performance

Shares of Thor Industries stock opened at $79.01 on Wednesday. The business has a 50-day moving average of $77.58 and a 200 day moving average of $94.38. 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 $4.11 billion, a price-to-earnings ratio of 34.20, a price-to-earnings-growth ratio of 1.99 and a beta of 1.32. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.71 and a quick ratio of 0.80.

Thor Industries (NYSE:THO) last announced its earnings results on Wednesday, June 3rd. The RV manufacturer reported $1.86 EPS 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 firm had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter last year, the business earned $2.53 earnings per share. The business’s revenue was down 3.9% compared to the same quarter last year. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. As a group, sell-side analysts forecast that Thor Industries, Inc. will post 3.3 earnings per share for the current year.

Thor Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 20th. Investors of record on Monday, April 6th were issued a dividend of $0.52 per share. 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 dividend payout ratio (DPR) is 90.04%.

Thor Industries 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.