Thor Industries (NYSE:THO) Hits New 52-Week High on Better-Than-Expected Earnings

Thor Industries, Inc. (NYSE:THO) hit a new 52-week high on Wednesday following a better than expected earnings announcement. The stock traded as high as $117.09 and last traded at $100.90, with a volume of 195151 shares traded. The stock had previously closed at $110.21.

The RV manufacturer reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.25. Thor Industries had a return on equity of 6.96% and a net margin of 2.70%.During the same quarter in the prior year, the company 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.

Thor Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Thursday, October 23rd were paid a $0.52 dividend. This is a boost from Thor Industries’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Thursday, October 23rd. This represents a $2.08 annualized dividend and a dividend yield of 2.0%. Thor Industries’s payout ratio is 49.88%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on THO shares. Robert W. Baird boosted their price target on shares of Thor Industries from $90.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, September 25th. DA Davidson increased their price target on Thor Industries from $78.00 to $102.00 and gave the company a “neutral” rating in a research note on Tuesday, September 30th. Loop Capital started coverage on Thor Industries in a research report on Friday, October 31st. They issued a “hold” rating and a $110.00 price target on the stock. Bank of America upped their price objective on Thor Industries from $100.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Finally, Truist Financial cut their target price on Thor Industries from $115.00 to $110.00 and set a “hold” rating on the stock in a research note on Thursday, October 9th. Two analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, Thor Industries has an average rating of “Hold” and a consensus target price of $104.67.

Institutional Investors Weigh In On Thor Industries

Several large investors have recently made changes to their positions in the stock. Kingsview Wealth Management LLC lifted its position in Thor Industries by 3.9% in the 3rd quarter. Kingsview Wealth Management LLC now owns 2,659 shares of the RV manufacturer’s stock valued at $276,000 after acquiring an additional 99 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Thor Industries by 1.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 6,072 shares of the RV manufacturer’s stock valued at $539,000 after purchasing an additional 99 shares during the period. Country Trust Bank lifted its holdings 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 purchasing an additional 100 shares in the last quarter. Cibc World Market Inc. boosted its position in shares of Thor Industries by 0.7% during the third quarter. Cibc World Market Inc. now owns 14,773 shares of the RV manufacturer’s stock worth $1,532,000 after buying an additional 104 shares during the period. Finally, CANADA LIFE ASSURANCE Co grew its holdings in shares of Thor Industries by 0.3% during the second quarter. CANADA LIFE ASSURANCE Co now owns 34,810 shares of the RV manufacturer’s stock worth $3,089,000 after buying an additional 104 shares in the last quarter. Institutional investors own 96.71% of the company’s stock.

Thor Industries Stock Performance

The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of 1.87 and a beta of 1.32. The stock has a 50-day moving average of $104.16 and a 200-day moving average of $98.31. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.90 and a current ratio of 1.75.

Thor Industries Company Profile

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.