New York State Common Retirement Fund Purchases 24,234 Shares of Thor Industries, Inc. $THO

New York State Common Retirement Fund lifted its holdings in Thor Industries, Inc. (NYSE:THO) by 36.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 90,754 shares of the RV manufacturer’s stock after purchasing an additional 24,234 shares during the period. New York State Common Retirement Fund owned 0.17% of Thor Industries worth $8,060,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Norges Bank bought a new stake in Thor Industries during the 2nd quarter valued at approximately $51,597,000. Quadrant Capital Group LLC lifted its holdings in shares of Thor Industries by 249.8% during the second quarter. Quadrant Capital Group LLC now owns 5,761 shares of the RV manufacturer’s stock worth $512,000 after buying an additional 4,114 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Thor Industries by 57.6% during the second quarter. Russell Investments Group Ltd. now owns 106,596 shares of the RV manufacturer’s stock worth $9,467,000 after buying an additional 38,959 shares during the last quarter. Country Trust Bank boosted its position in shares of Thor Industries by 50.0% in the second quarter. Country Trust Bank now owns 300 shares of the RV manufacturer’s stock valued at $27,000 after acquiring an additional 100 shares during the period. Finally, XTX Topco Ltd grew its stake in shares of Thor Industries by 199.7% in the second quarter. XTX Topco Ltd now owns 10,953 shares of the RV manufacturer’s stock worth $973,000 after acquiring an additional 7,298 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on THO. Truist Financial reduced their price target on shares of Thor Industries from $115.00 to $110.00 and set a “hold” rating for the company in a report on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Thor Industries in a research report on Wednesday, October 8th. DA Davidson reiterated a “neutral” rating and issued a $102.00 target price on shares of Thor Industries in a research note on Thursday. Benchmark restated a “hold” rating on shares of Thor Industries in a research note on Tuesday. Finally, Bank of America upped their price target on Thor Industries from $100.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Two investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Thor Industries has an average rating of “Hold” and a consensus price target of $103.90.

Thor Industries Stock Performance

NYSE THO opened at $100.77 on Friday. Thor Industries, Inc. has a twelve month low of $63.15 and a twelve month high of $117.09. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.21. The stock has a market cap of $5.32 billion, a P/E ratio of 33.37, a PEG ratio of 1.80 and a beta of 1.32. The company’s 50-day simple moving average is $103.80 and its 200 day simple moving average is $98.48.

Thor Industries (NYSE:THO) last released its quarterly earnings data on Wednesday, December 3rd. The RV manufacturer reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.52. Thor Industries had a return on equity of 7.05% and a net margin of 2.87%.The company had revenue of $2.39 million for the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the previous year, the business earned ($0.03) earnings per share. The company’s quarterly revenue was up 11.5% on a year-over-year basis. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. As a group, research analysts forecast that Thor Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

Thor Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Thursday, October 23rd were paid a $0.52 dividend. The ex-dividend date of this dividend was Thursday, October 23rd. This represents a $2.08 annualized dividend and a yield of 2.1%. This is a positive change from Thor Industries’s previous quarterly dividend of $0.50. Thor Industries’s payout ratio is presently 68.87%.

About Thor Industries

THOR Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.