Thor Industries, Inc. $THO Shares Bought by MAI Capital Management

MAI Capital Management grew its holdings in shares of Thor Industries, Inc. (NYSE:THO) by 1,879.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,343 shares of the RV manufacturer’s stock after buying an additional 6,972 shares during the quarter. MAI Capital Management’s holdings in Thor Industries were worth $761,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Koshinski Asset Management Inc. acquired a new stake in Thor Industries in the third quarter valued at $207,000. Axxcess Wealth Management LLC acquired a new stake in shares of Thor Industries in the 3rd quarter valued at about $204,000. denkapparat Operations GmbH bought a new position in shares of Thor Industries during the third quarter worth about $202,000. Caisse Des Depots ET Consignations acquired a new position in Thor Industries in the third quarter worth about $252,000. Finally, Cibc World Market Inc. grew its stake in Thor Industries by 0.7% in the third quarter. Cibc World Market Inc. now owns 14,773 shares of the RV manufacturer’s stock worth $1,532,000 after purchasing an additional 104 shares in the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

Thor Industries Price Performance

Shares of NYSE THO opened at $96.10 on Monday. Thor Industries, Inc. has a 1-year low of $63.15 and a 1-year high of $122.83. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.81 and a quick ratio of 0.83. The business’s fifty day moving average price is $111.28 and its two-hundred day moving average price is $107.29. The firm has a market capitalization of $5.08 billion, a PE ratio of 30.32, a P/E/G ratio of 1.76 and a beta of 1.44.

Thor Industries (NYSE:THO) last announced its quarterly earnings results on Wednesday, December 3rd. The RV manufacturer reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.52. The company had revenue of $2.39 million during the quarter, compared to the consensus estimate of $2.05 billion. Thor Industries had a net margin of 2.87% and a return on equity of 7.05%. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.03) earnings per share. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. On average, research analysts expect that Thor Industries, Inc. will post 4.64 EPS for the current 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. The ex-dividend date was Monday, January 5th. This represents a $2.08 annualized dividend and a yield of 2.2%. Thor Industries’s dividend payout ratio is 65.62%.

Insider Activity at Thor Industries

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on THO shares. Benchmark restated a “hold” rating on shares of Thor Industries in a research note on Tuesday, December 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Thor Industries in a research report on Wednesday, January 21st. Wall Street Zen raised shares of Thor Industries from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Roth Mkm increased their target price on shares of Thor Industries from $93.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Finally, Truist Financial raised 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. Three analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $107.20.

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.