Janus Henderson Group PLC Purchases 50,541 Shares of Thor Industries, Inc. $THO

Janus Henderson Group PLC boosted its position in Thor Industries, Inc. (NYSE:THO) by 31.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 209,172 shares of the RV manufacturer’s stock after purchasing an additional 50,541 shares during the period. Janus Henderson Group PLC’s holdings in Thor Industries were worth $16,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in shares of Thor Industries during the 4th quarter worth $29,000. Curio Wealth LLC bought a new stake in Thor Industries in the 4th quarter valued at about $36,000. Danske Bank A S bought a new stake in Thor Industries in the 3rd quarter valued at about $41,000. eCIO Inc. purchased a new stake in Thor Industries during the fourth quarter valued at about $49,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Thor Industries during the fourth quarter valued at about $51,000. 96.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. BNP Paribas Exane started coverage on shares of Thor Industries in a research note on Monday, April 20th. They issued a “neutral” rating for the company. BMO Capital Markets dropped their price target on shares of Thor Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. Seaport Research Partners assumed coverage on shares of Thor Industries in a research note on Monday, April 20th. They issued a “neutral” rating for the company. Citigroup lowered their target price on shares of Thor Industries from $80.00 to $79.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Finally, Wall Street Zen downgraded 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, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $92.33.

Thor Industries Price Performance

THO stock opened at $77.56 on Tuesday. The firm has a 50 day moving average of $76.05 and a 200-day moving average of $86.24. The company has a current ratio of 1.71, a quick ratio of 0.80 and a debt-to-equity ratio of 0.20. Thor Industries, Inc. has a 12 month low of $69.71 and a 12 month high of $122.83. The firm has a market capitalization of $4.04 billion, a P/E ratio of 33.57, a price-to-earnings-growth ratio of 1.99 and a beta of 1.33.

Thor Industries (NYSE:THO) last posted its earnings results on Wednesday, June 3rd. The RV manufacturer reported $1.86 earnings per share 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 last year, the company posted $2.53 EPS. The business’s 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. As a group, sell-side analysts predict 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. Stockholders of record on Wednesday, July 1st were issued a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $2.08 annualized dividend and a dividend yield of 2.7%. Thor Industries’s dividend payout ratio is presently 90.04%.

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.