Thor Industries, Inc. $THO Shares Sold by Madison Asset Management LLC

Madison Asset Management LLC reduced its stake in shares of Thor Industries, Inc. (NYSE:THO) by 7.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 964,776 shares of the RV manufacturer’s stock after selling 78,927 shares during the period. Madison Asset Management LLC’s holdings in Thor Industries were worth $77,076,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of THO. V Square Quantitative Management LLC purchased a new position in Thor Industries in the 4th quarter worth approximately $29,000. Curio Wealth LLC acquired a new stake in Thor Industries in the fourth quarter valued at approximately $36,000. Danske Bank A S purchased a new stake in shares of Thor Industries during the third quarter valued at approximately $41,000. eCIO Inc. purchased a new stake in shares of Thor Industries during the fourth quarter valued at approximately $49,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Thor Industries during the fourth quarter worth $51,000. 96.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Truist Financial decreased their target price on shares of Thor Industries from $109.00 to $80.00 and set a “hold” rating for the company in a research note on Wednesday, July 8th. Seaport Research Partners initiated coverage on shares of Thor Industries in a report on Monday, April 20th. They issued a “neutral” rating on the stock. Bank of America decreased their price objective on shares of Thor Industries from $120.00 to $96.00 and set a “buy” rating for the company in a research report on Thursday, June 4th. Roth Capital set a $78.00 target price on Thor Industries in a research note on Thursday, June 4th. Finally, Wall Street Zen lowered Thor Industries from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. Three 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $92.44.

Thor Industries Stock Down 0.4%

Shares of Thor Industries stock opened at $75.96 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 firm has a market cap of $3.95 billion, a P/E ratio of 32.88, a P/E/G ratio of 2.02 and a beta of 1.33. Thor Industries, Inc. has a fifty-two week low of $69.71 and a fifty-two week high of $122.83. The business has a 50-day moving average price of $75.73 and a 200 day moving average price of $88.40.

Thor Industries (NYSE:THO) last released its earnings results 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 firm had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same period in the prior year, the business earned $2.53 EPS. 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. On average, sell-side analysts forecast that Thor Industries, Inc. will post 3.2 earnings per share for the current fiscal year.

Thor Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Wednesday, July 1st. 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.