Madison Asset Management LLC Acquires Shares of 881,017 Thor Industries, Inc. $THO

Madison Asset Management LLC bought a new stake in shares of Thor Industries, Inc. (NYSE:THO) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 881,017 shares of the RV manufacturer’s stock, valued at approximately $66,217,000. Madison Asset Management LLC owned about 1.69% of Thor Industries at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new position in Thor Industries during the second quarter valued at about $363,258,000. Life Cycle Investment Partners Ltd bought a new stake in Thor Industries in the fourth quarter worth about $255,482,000. ACR Alpine Capital Research LLC boosted its stake in Thor Industries by 18.6% in the first quarter. ACR Alpine Capital Research LLC now owns 4,903,124 shares of the RV manufacturer’s stock valued at $391,711,000 after acquiring an additional 769,342 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in Thor Industries by 130.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,081,238 shares of the RV manufacturer’s stock valued at $111,011,000 after acquiring an additional 611,639 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Thor Industries during the 2nd quarter valued at approximately $28,982,000. 96.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on THO shares. Weiss Ratings lowered shares of Thor Industries from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. Bank of America dropped their price objective on Thor Industries from $120.00 to $96.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Truist Financial decreased their target price on Thor Industries from $109.00 to $80.00 and set a “hold” rating for the company in a research report on Wednesday, July 8th. Citigroup lowered their target price on Thor Industries from $80.00 to $79.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Finally, DA Davidson dropped their price target on Thor Industries from $100.00 to $80.00 and set a “neutral” rating on the stock in a research report on Monday, June 15th. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $92.33.

Thor Industries Stock Up 2.8%

Shares of NYSE THO opened at $79.96 on Thursday. 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 cap of $4.16 billion, a P/E ratio of 34.61, a P/E/G ratio of 1.51 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 business has a 50-day simple moving average of $76.34 and a two-hundred day simple moving average of $83.24.

Thor Industries (NYSE:THO) last announced its quarterly earnings results on Wednesday, June 3rd. The RV manufacturer reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.02). Thor Industries had a net margin of 2.67% and a return on equity of 5.74%. The company had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter in the prior year, the company earned $2.53 earnings per share. The company’s quarterly 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. Research analysts anticipate that Thor Industries, Inc. will post 3.22 earnings per share for the current fiscal year.

Thor Industries Announces Dividend

The company also recently announced 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 was Wednesday, July 1st. This represents a $2.08 annualized dividend and a yield of 2.6%. Thor Industries’s dividend 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.