Bbfit Investments PTE Ltd. Makes New Investment in Thor Industries, Inc. $THO

Bbfit Investments PTE Ltd. acquired a new position in shares of Thor Industries, Inc. (NYSE:THO) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 263,716 shares of the RV manufacturer’s stock, valued at approximately $19,821,000. Thor Industries accounts for about 1.8% of Bbfit Investments PTE Ltd.’s portfolio, making the stock its 6th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in THO. Allworth Financial LP acquired a new stake in Thor Industries during the second quarter valued at approximately $26,000. Curio Wealth LLC acquired a new position in shares of Thor Industries in the 4th quarter worth approximately $36,000. Danske Bank A S acquired a new position in shares of Thor Industries in the 3rd quarter worth approximately $41,000. 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. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of Thor Industries during the 2nd quarter worth approximately $52,000. Institutional investors and hedge funds own 96.71% of the company’s stock.

Analyst Upgrades and Downgrades

THO has been the topic of several recent analyst reports. 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. Citigroup dropped their price objective on Thor Industries from $80.00 to $79.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. Zacks Research raised Thor Industries from a “strong sell” rating to a “hold” rating in a report on Monday. Weiss Ratings downgraded shares of Thor Industries from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. Finally, Truist Financial lowered their target price on shares of Thor Industries from $109.00 to $80.00 and set a “hold” rating on the stock in a report on Wednesday, July 8th. Three research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, Thor Industries has a consensus rating of “Hold” and an average price target of $92.33.

Thor Industries Stock Down 2.3%

Shares of THO opened at $77.67 on Thursday. The company has a market capitalization of $4.04 billion, a P/E ratio of 33.62, a PEG ratio of 1.55 and a beta of 1.33. 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, Inc. has a one year low of $69.71 and a one year high of $122.83. The business’s 50 day simple moving average is $76.70 and its 200-day simple moving average is $81.93.

Thor Industries (NYSE:THO) last released its quarterly 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 return on equity of 5.74% and a net margin of 2.67%.The business had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter last year, the company earned $2.53 earnings per share. The firm’s revenue was down 3.9% on a year-over-year basis. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. As a group, sell-side analysts predict that Thor Industries, Inc. will post 3.22 EPS for the current fiscal year.

Thor Industries Announces Dividend

The firm also recently disclosed 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 of this dividend was Wednesday, July 1st. This represents a $2.08 dividend on an annualized basis and a yield of 2.7%. Thor Industries’s payout ratio is currently 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.