Canada Pension Plan Investment Board Buys New Position in Thor Industries, Inc. $THO

Canada Pension Plan Investment Board purchased a new position in shares of Thor Industries, Inc. (NYSE:THO) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 870,394 shares of the RV manufacturer’s stock, valued at approximately $65,419,000. Canada Pension Plan Investment Board owned approximately 1.67% of Thor Industries at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new position in Thor Industries during the 2nd quarter worth $363,258,000. Life Cycle Investment Partners Ltd bought a new position in shares of Thor Industries during the fourth quarter valued at about $255,482,000. Madison Asset Management LLC bought a new position in shares of Thor Industries during the second quarter valued at about $66,217,000. ACR Alpine Capital Research LLC boosted its holdings in Thor Industries by 18.6% during the first quarter. ACR Alpine Capital Research LLC now owns 4,903,124 shares of the RV manufacturer’s stock worth $391,711,000 after purchasing an additional 769,342 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its holdings in Thor Industries by 130.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,081,238 shares of the RV manufacturer’s stock worth $111,011,000 after purchasing an additional 611,639 shares during the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on THO shares. Truist Financial decreased their price objective on shares of Thor Industries from $109.00 to $80.00 and set a “hold” rating for the company in a research note on Wednesday, July 8th. Loop Capital boosted their target price on Thor Industries from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Weiss Ratings lowered Thor Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Citigroup decreased their price objective on shares of Thor Industries from $80.00 to $79.00 and set a “neutral” rating for the company in a report on Friday, July 24th. Finally, Zacks Research raised shares of Thor Industries from a “strong sell” rating to a “hold” rating in a report on Monday. Three investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $92.33.

Thor Industries Stock Down 1.9%

THO stock opened at $76.41 on Friday. The stock has a fifty day moving average of $76.78 and a 200-day moving average of $81.62. Thor Industries, Inc. has a fifty-two week low of $69.71 and a fifty-two week high of $122.83. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 33.08, a PEG ratio of 1.51 and a beta of 1.33. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.80 and a current ratio of 1.71.

Thor Industries (NYSE:THO) last announced its quarterly earnings data on Wednesday, June 3rd. The RV manufacturer reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.02). The firm had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.67 billion. Thor Industries had a net margin of 2.67% and a return on equity of 5.74%. The company’s revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.53 earnings per share. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. As a group, equities research analysts predict that Thor Industries, Inc. will post 3.22 earnings per share for the current year.

Thor Industries Announces Dividend

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

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.