Novare Capital Management LLC Cuts Holdings in Thor Industries, Inc. $THO

Novare Capital Management LLC lowered its position in Thor Industries, Inc. (NYSE:THO) by 90.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,319 shares of the RV manufacturer’s stock after selling 95,693 shares during the quarter. Novare Capital Management LLC’s holdings in Thor Industries were worth $1,070,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ACR Alpine Capital Research LLC lifted its stake in shares of Thor Industries by 22.5% in the 2nd quarter. ACR Alpine Capital Research LLC now owns 4,265,031 shares of the RV manufacturer’s stock valued at $378,777,000 after purchasing an additional 782,114 shares in the last quarter. Timucuan Asset Management Inc. FL lifted its position in Thor Industries by 9.2% during the second quarter. Timucuan Asset Management Inc. FL now owns 2,674,398 shares of the RV manufacturer’s stock valued at $237,513,000 after buying an additional 225,997 shares in the last quarter. American Century Companies Inc. grew its stake in Thor Industries by 16.7% during the second quarter. American Century Companies Inc. now owns 1,166,714 shares of the RV manufacturer’s stock worth $103,616,000 after buying an additional 166,895 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Thor Industries by 7.2% in the second quarter. Envestnet Asset Management Inc. now owns 843,051 shares of the RV manufacturer’s stock worth $74,871,000 after acquiring an additional 56,377 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of Thor Industries by 22.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 672,694 shares of the RV manufacturer’s stock valued at $59,742,000 after acquiring an additional 125,035 shares during the period. 96.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Thor Industries

In other news, COO W. Todd Woelfer sold 4,567 shares of the company’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $114.84, for a total value of $524,474.28. Following the completion of the sale, the chief operating officer owned 104,109 shares in the company, valued at $11,955,877.56. This represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 4.70% of the company’s stock.

Thor Industries Trading Up 0.5%

Shares of NYSE THO opened at $114.50 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 1.81 and a debt-to-equity ratio of 0.21. The stock’s 50 day moving average price is $106.92 and its two-hundred day moving average price is $104.23. Thor Industries, Inc. has a 52-week low of $63.15 and a 52-week high of $119.27. The stock has a market capitalization of $6.05 billion, a P/E ratio of 36.12, a PEG ratio of 2.09 and a beta of 1.34.

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

Thor Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 19th. Shareholders of record on Monday, January 5th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Monday, January 5th. Thor Industries’s dividend payout ratio is 65.62%.

Analysts Set New Price Targets

THO has been the subject of a number of research reports. Truist Financial upped their price target on shares of Thor Industries from $110.00 to $112.00 and gave the stock a “hold” rating in a research report on Tuesday, December 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Thor Industries in a research report on Wednesday, January 21st. DA Davidson reiterated a “neutral” rating and issued a $102.00 target price on shares of Thor Industries in a research note on Thursday, December 4th. Robert W. Baird boosted their price target on Thor Industries from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Finally, Zacks Research upgraded Thor Industries from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Three research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $107.20.

Thor Industries Company 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.