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

Thor Industries, Inc. (NYSE:THO) Director Peter Busch Orthwein purchased 2,600 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were purchased at an average cost of $88.25 per share, with a total value of $229,450.00. Following the completion of the purchase, the director owned 139,000 shares in the company, valued at $12,266,750. This trade represents a 1.91% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Thor Industries Trading Down 0.4%

NYSE:THO traded down $0.31 during mid-day trading on Monday, hitting $86.00. 865,964 shares of the stock traded hands, compared to its average volume of 675,812. The company has a quick ratio of 0.73, a current ratio of 1.76 and a debt-to-equity ratio of 0.20. Thor Industries, Inc. has a 52 week low of $63.15 and a 52 week high of $122.83. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 1.64 and a beta of 1.44. The firm’s 50 day moving average is $109.37 and its two-hundred day moving average is $106.58.

Thor Industries (NYSE:THO) last announced its quarterly earnings data on Tuesday, March 3rd. The RV manufacturer reported $0.34 earnings per share (EPS) for the quarter, topping 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 quarter last year, the firm earned ($0.01) earnings per share. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. On average, equities research analysts predict that Thor Industries, Inc. will post 4.64 earnings per share for the current year.

Thor Industries Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have commented on THO. Robert W. Baird upped their price objective on Thor Industries from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Benchmark reissued a “hold” rating on shares of Thor Industries in a research note on Wednesday, March 4th. Loop Capital set a $133.00 price target on shares of Thor Industries in a report on Tuesday, January 13th. Roth Mkm raised their price target on shares of Thor Industries from $93.00 to $97.00 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. Finally, Zacks Research upgraded shares of Thor Industries from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Three equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $106.40.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC raised its position in Thor Industries by 16.9% during the 4th quarter. Parallel Advisors LLC now owns 621 shares of the RV manufacturer’s stock valued at $64,000 after purchasing an additional 90 shares in the last quarter. Kingsview Wealth Management LLC grew its position in shares of Thor Industries by 3.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 2,659 shares of the RV manufacturer’s stock worth $276,000 after buying an additional 99 shares in the last quarter. BNP Paribas Financial Markets increased its stake 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 valued at $539,000 after buying an additional 99 shares during the period. Country Trust Bank increased its stake in shares of Thor Industries by 50.0% during the second quarter. Country Trust Bank now owns 300 shares of the RV manufacturer’s stock valued at $27,000 after buying an additional 100 shares during the period. Finally, Cibc World Market Inc. raised its holdings 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 valued at $1,532,000 after acquiring an additional 104 shares in the last quarter. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

About Thor Industries

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.