Freestone Grove Partners LP Invests $9.28 Million in Thor Industries, Inc. $THO

Freestone Grove Partners LP purchased a new position in Thor Industries, Inc. (NYSE:THO) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 123,409 shares of the RV manufacturer’s stock, valued at approximately $9,275,000. Freestone Grove Partners LP owned 0.24% of Thor Industries at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of THO. BlackRock Inc. purchased a new stake in Thor Industries during the second quarter worth $363,258,000. Life Cycle Investment Partners Ltd purchased a new position in shares of Thor Industries in the fourth quarter valued at $255,482,000. Madison Asset Management LLC purchased a new position in shares of Thor Industries in the second quarter valued at $66,217,000. Canada Pension Plan Investment Board acquired a new position in shares of Thor Industries during the 2nd quarter worth $65,419,000. Finally, ACR Alpine Capital Research LLC raised its stake in shares of Thor Industries by 18.6% during the 1st quarter. ACR Alpine Capital Research LLC now owns 4,903,124 shares of the RV manufacturer’s stock worth $391,711,000 after buying an additional 769,342 shares during the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

Thor Industries Stock Up 0.9%

Shares of NYSE:THO opened at $77.01 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.71 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $4.01 billion, a P/E ratio of 33.34, a P/E/G ratio of 1.48 and a beta of 1.33. Thor Industries, Inc. has a 52-week low of $69.71 and a 52-week high of $122.83. The stock’s fifty day simple moving average is $76.88 and its 200-day simple moving average is $81.58.

Thor Industries (NYSE:THO) last posted its quarterly earnings data 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 company had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter in the prior year, the business posted $2.53 EPS. The company’s revenue for the quarter 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, equities research analysts forecast that Thor Industries, Inc. will post 3.22 earnings per share for the current fiscal year.

Thor Industries Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on THO shares. Citigroup lowered their price objective on shares of Thor Industries from $80.00 to $79.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Roth Capital set a $78.00 target price on shares of Thor Industries in a research report on Thursday, June 4th. BMO Capital Markets reduced their price target on shares of Thor Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. Truist Financial lowered their price target on shares of Thor Industries from $109.00 to $80.00 and set a “hold” rating on the stock in a research report on Wednesday, July 8th. Finally, Loop Capital raised their price objective on shares of Thor Industries from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus 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.