Bbfit Investments PTE Ltd. Acquires Shares of 263,716 Thor Industries, Inc. $THO

Bbfit Investments PTE Ltd. acquired a new stake in Thor Industries, Inc. (NYSE:THO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 263,716 shares of the RV manufacturer’s stock, valued at approximately $27,076,000. Thor Industries accounts for about 2.7% of Bbfit Investments PTE Ltd.’s portfolio, making the stock its 5th largest holding.

Other hedge funds also recently modified their holdings of the company. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Thor Industries during the third quarter valued at approximately $27,000. V Square Quantitative Management LLC purchased a new position in shares of Thor Industries during the fourth quarter valued at approximately $29,000. Curio Wealth LLC purchased a new position in shares of Thor Industries during the fourth quarter valued at approximately $36,000. Danske Bank A S purchased a new position in shares of Thor Industries during the third quarter valued at approximately $41,000. Finally, eCIO Inc. purchased a new position in shares of Thor Industries during the fourth quarter valued at approximately $49,000. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Thor Industries Price Performance

Thor Industries stock opened at $71.95 on Thursday. 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 $77.27 and a 200 day simple moving average of $93.20. 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 stock has a market cap of $3.75 billion, a price-to-earnings ratio of 31.15, a PEG ratio of 2.00 and a beta of 1.32.

Thor Industries (NYSE:THO) last posted its earnings results on Wednesday, June 3rd. The RV manufacturer reported $1.86 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter in the previous year, the firm earned $2.53 earnings per share. Thor Industries’s quarterly revenue was down 3.9% compared to the same quarter last year. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. On average, research analysts forecast that Thor Industries, Inc. will post 3.19 earnings per share for the current fiscal year.

Thor Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.9%. The ex-dividend date is Wednesday, July 1st. Thor Industries’s payout ratio is presently 90.04%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on THO shares. BMO Capital Markets cut their target price on Thor Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. Bank of America cut their price objective on Thor Industries from $120.00 to $96.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. Weiss Ratings raised Thor Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 3rd. Roth Mkm set a $78.00 price objective on Thor Industries in a research report on Thursday, June 4th. Finally, Citigroup lowered their target price on Thor Industries from $82.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $95.67.

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.