Lazard Asset Management LLC Boosts Stock Holdings in Thor Industries, Inc. $THO

Lazard Asset Management LLC lifted its position in Thor Industries, Inc. (NYSE:THO) by 9.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 184,831 shares of the RV manufacturer’s stock after acquiring an additional 15,628 shares during the quarter. Lazard Asset Management LLC’s holdings in Thor Industries were worth $14,766,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in shares of Thor Industries during the fourth quarter valued at about $29,000. Curio Wealth LLC bought a new stake in Thor Industries in the 4th quarter worth about $36,000. Danske Bank A S purchased a new stake in Thor Industries in the 3rd quarter valued at about $41,000. eCIO Inc. purchased a new stake in Thor Industries in the 4th quarter valued at about $49,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Thor Industries during the 4th quarter worth approximately $51,000. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Thor Industries Stock Down 1.5%

Thor Industries stock opened at $78.09 on Thursday. Thor Industries, Inc. has a twelve month low of $69.71 and a twelve month high of $122.83. The firm has a 50 day moving average price of $76.07 and a 200-day moving average price of $86.99. The company has a market capitalization of $4.07 billion, a P/E ratio of 33.81, a P/E/G ratio of 2.10 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 (NYSE:THO) last issued its quarterly earnings results on Wednesday, June 3rd. The RV manufacturer reported $1.86 earnings per share (EPS) 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%.The company’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.53 EPS. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. As a group, equities analysts predict that Thor Industries, Inc. will post 3.2 EPS for the current year.

Thor Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were paid a $0.52 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $2.08 annualized dividend and a dividend yield of 2.7%. Thor Industries’s payout ratio is presently 90.04%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on THO shares. Citigroup cut their target price on Thor Industries from $80.00 to $79.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Seaport Research Partners began coverage on Thor Industries in a research report on Monday, April 20th. They set a “neutral” rating for the company. Loop Capital lifted their price target on Thor Industries from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. Argus raised Thor Industries to a “hold” rating in a research report on Friday, June 12th. Finally, BNP Paribas Exane began coverage on Thor Industries in a research note on Monday, April 20th. They issued a “neutral” rating for the company. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price 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.