Thor Industries (NYSE:THO) Director Peter Busch Orthwein Purchases 2,600 Shares of Stock

Thor Industries, Inc. (NYSE:THO) Director Peter Busch Orthwein bought 2,600 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was purchased at an average price of $88.25 per share, with a total value of $229,450.00. Following the completion of the transaction, the director directly owned 139,000 shares in the company, valued at approximately $12,266,750. This represents a 1.91% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Thor Industries Stock Performance

NYSE THO opened at $86.00 on Tuesday. The firm’s 50 day simple moving average is $109.37 and its 200 day simple moving average is $106.58. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 27.13, a P/E/G ratio of 1.64 and a beta of 1.44. The company has a current ratio of 1.76, a quick ratio of 0.73 and a debt-to-equity ratio of 0.20. Thor Industries, Inc. has a 1 year low of $63.15 and a 1 year high of $122.83.

Thor Industries (NYSE:THO) last announced its quarterly earnings data on Tuesday, March 3rd. The RV manufacturer reported $0.34 EPS for the quarter, beating the consensus estimate of $0.03 by $0.31. Thor Industries had a net margin of 3.02% and a return on equity of 6.96%. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the previous year, the business earned ($0.01) earnings per share. The company’s revenue was up 5.3% on a year-over-year basis. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. As a group, research analysts expect that Thor Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

Thor Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 19th. Stockholders of record on Monday, January 5th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Monday, January 5th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.4%. Thor Industries’s payout ratio is 65.62%.

Institutional Trading of Thor Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC lifted its holdings in Thor Industries by 16.9% during the 4th quarter. Parallel Advisors LLC now owns 621 shares of the RV manufacturer’s stock worth $64,000 after buying an additional 90 shares during the period. Kingsview Wealth Management LLC increased its stake in shares of Thor Industries by 3.9% in the third quarter. Kingsview Wealth Management LLC now owns 2,659 shares of the RV manufacturer’s stock valued at $276,000 after buying an additional 99 shares during the period. BNP Paribas Financial Markets raised its position in shares of Thor Industries by 1.7% during the second quarter. BNP Paribas Financial Markets now owns 6,072 shares of the RV manufacturer’s stock worth $539,000 after acquiring an additional 99 shares during the last quarter. Country Trust Bank lifted its stake in shares of Thor Industries by 50.0% in the second quarter. Country Trust Bank now owns 300 shares of the RV manufacturer’s stock worth $27,000 after acquiring an additional 100 shares during the period. Finally, Cibc World Market Inc. lifted its stake in shares of Thor Industries by 0.7% in the third quarter. Cibc World Market Inc. now owns 14,773 shares of the RV manufacturer’s stock worth $1,532,000 after acquiring an additional 104 shares during the period. 96.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

THO has been the topic of a number of recent analyst reports. UBS Group set a $97.00 target price on Thor Industries in a research report on Thursday, December 4th. Truist Financial increased their target price on shares of Thor Industries from $110.00 to $112.00 and gave the stock a “hold” rating in a report on Tuesday, December 9th. DA Davidson reduced their price target on shares of Thor Industries from $102.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 4th. Benchmark reaffirmed a “hold” rating on shares of Thor Industries in a report on Wednesday, March 4th. Finally, Robert W. Baird upped their price objective on shares of Thor Industries from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Three analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, Thor Industries has a consensus rating of “Hold” and an average target price of $106.40.

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.