Southernsun Asset Management LLC Sells 11,367 Shares of Thor Industries, Inc. $THO

Southernsun Asset Management LLC cut its holdings in Thor Industries, Inc. (NYSE:THO) by 8.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 131,107 shares of the RV manufacturer’s stock after selling 11,367 shares during the quarter. Thor Industries comprises approximately 1.5% of Southernsun Asset Management LLC’s holdings, making the stock its 23rd largest position. Southernsun Asset Management LLC owned about 0.25% of Thor Industries worth $10,474,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Choreo LLC lifted its stake in shares of Thor Industries by 9.9% in the 4th quarter. Choreo LLC now owns 394,513 shares of the RV manufacturer’s stock valued at $41,128,000 after purchasing an additional 35,655 shares during the last quarter. Triad Investment Management acquired a new position in Thor Industries during the fourth quarter worth $4,276,000. Capital Advisors Ltd. LLC increased its position in Thor Industries by 39,500.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 20,988 shares of the RV manufacturer’s stock worth $2,155,000 after buying an additional 20,935 shares during the last quarter. Kingsview Wealth Management LLC raised its holdings in Thor Industries by 955.2% during the fourth quarter. Kingsview Wealth Management LLC now owns 28,057 shares of the RV manufacturer’s stock valued at $2,881,000 after buying an additional 25,398 shares in the last quarter. Finally, Capital Research Global Investors raised its holdings in Thor Industries by 3.2% during the fourth quarter. Capital Research Global Investors now owns 1,581,876 shares of the RV manufacturer’s stock valued at $162,411,000 after buying an additional 48,466 shares in the last quarter. 96.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

THO has been the subject of several recent analyst reports. Zacks Research downgraded Thor Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, June 5th. BNP Paribas Exane began coverage on Thor Industries in a research note on Monday, April 20th. They issued a “neutral” rating on the stock. Truist Financial cut their price objective on Thor Industries from $109.00 to $80.00 and set a “hold” rating on the stock in a research note on Wednesday, July 8th. Seaport Research Partners began coverage on Thor Industries in a report on Monday, April 20th. They issued a “neutral” rating for the company. Finally, Roth Capital set a $78.00 target price on Thor Industries in a research report on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Thor Industries currently has a consensus rating of “Hold” and a consensus price target of $92.44.

Thor Industries Stock Down 0.7%

Thor Industries stock opened at $75.29 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.71 and a quick ratio of 0.80. Thor Industries, Inc. has a fifty-two week low of $69.71 and a fifty-two week high of $122.83. The firm has a fifty day moving average price of $75.74 and a two-hundred day moving average price of $88.21. The firm has a market cap of $3.92 billion, a price-to-earnings ratio of 32.59, a P/E/G ratio of 2.01 and a beta of 1.33.

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 business had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter in the previous year, the firm posted $2.53 earnings per share. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. As a group, analysts forecast that Thor Industries, Inc. will post 3.2 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 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 2.8%. Thor Industries’s payout ratio is 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.