Cibc World Market Inc. Acquires New Holdings in Thor Industries, Inc. $THO

Cibc World Market Inc. acquired a new position in Thor Industries, Inc. (NYSE:THO) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 17,438 shares of the RV manufacturer’s stock, valued at approximately $1,311,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of THO. Sanctuary Advisors LLC bought a new position in Thor Industries in the 2nd quarter valued at about $798,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Thor Industries during the 2nd quarter worth about $257,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Thor Industries during the 2nd quarter worth about $52,000. Quantbot Technologies LP bought a new stake in shares of Thor Industries during the 2nd quarter worth about $407,000. Finally, De Lisle Partners LLP acquired a new stake in shares of Thor Industries in the 2nd quarter worth approximately $451,000. Institutional investors own 96.71% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on THO. Wall Street Zen cut shares of Thor Industries from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. BMO Capital Markets dropped their target price on Thor Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. Roth Capital set a $78.00 target price on Thor Industries in a research report on Thursday, June 4th. Argus raised Thor Industries to a “hold” rating in a research note on Friday, June 12th. Finally, Loop Capital lifted their price target on Thor Industries from $90.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, Thor Industries currently has a consensus rating of “Hold” and an average price target of $92.33.

Thor Industries Stock Performance

Shares of NYSE THO opened at $76.41 on Friday. The stock’s fifty day simple moving average is $76.78 and its 200 day simple moving average is $81.62. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 33.08, a PEG ratio of 1.51 and a beta of 1.33. The company has a quick ratio of 0.80, a current ratio of 1.71 and a debt-to-equity ratio of 0.20. Thor Industries, Inc. has a 52-week low of $69.71 and a 52-week high of $122.83.

Thor Industries (NYSE:THO) last announced its earnings results on Wednesday, June 3rd. The RV manufacturer reported $1.86 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.02). Thor Industries had a net margin of 2.67% and a return on equity of 5.74%. The company had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same period in the prior year, the company earned $2.53 earnings per share. The company’s revenue for the quarter 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 forecast that Thor Industries, Inc. will post 3.22 earnings per share for the current fiscal year.

Thor Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.7%. The ex-dividend date was Wednesday, July 1st. Thor Industries’s payout ratio is presently 90.04%.

About Thor Industries

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.