Royal Bank of Canada Sells 24,869 Shares of Thor Industries, Inc. $THO

Royal Bank of Canada cut its stake in shares of Thor Industries, Inc. (NYSE:THO) by 5.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 401,910 shares of the RV manufacturer’s stock after selling 24,869 shares during the period. Royal Bank of Canada’s holdings in Thor Industries were worth $32,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of THO. Empowered Funds LLC raised its holdings in Thor Industries by 239.7% during the 1st quarter. Empowered Funds LLC now owns 6,926 shares of the RV manufacturer’s stock valued at $553,000 after buying an additional 4,887 shares during the period. Copley Financial Group Inc. raised its stake in shares of Thor Industries by 61.6% in the first quarter. Copley Financial Group Inc. now owns 3,848 shares of the RV manufacturer’s stock valued at $307,000 after acquiring an additional 1,467 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Thor Industries by 9.2% in the 1st quarter. Lazard Asset Management LLC now owns 184,831 shares of the RV manufacturer’s stock worth $14,766,000 after acquiring an additional 15,628 shares during the last quarter. Lombard Odier Asset Management USA Corp purchased a new position in shares of Thor Industries during the 1st quarter worth about $275,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in Thor Industries during the 1st quarter valued at about $2,095,000. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Thor Industries Trading Up 3.4%

Shares of NYSE THO opened at $77.56 on Tuesday. 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 business has a fifty day simple moving average of $76.05 and a two-hundred day simple moving average of $86.24. The firm has a market cap of $4.04 billion, a PE ratio of 33.57, a price-to-earnings-growth ratio of 1.99 and a beta of 1.33. Thor Industries, Inc. has a twelve month low of $69.71 and a twelve month high of $122.83.

Thor Industries (NYSE:THO) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $2.67 billion. Thor Industries had a return on equity of 5.74% and a net margin of 2.67%.Thor Industries’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.53 EPS. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. Analysts expect that Thor Industries, Inc. will post 3.2 earnings per share for the current fiscal year.

Thor Industries Dividend Announcement

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

Analyst Ratings Changes

THO has been the topic of a number of analyst reports. Weiss Ratings cut Thor Industries from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. Benchmark reiterated a “hold” rating on shares of Thor Industries in a research note on Friday, June 12th. Citigroup decreased their target price on Thor Industries from $80.00 to $79.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. Loop Capital raised their price target 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. Finally, Roth Capital set a $78.00 price objective on shares of Thor Industries in a report on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.