Harvest Investment Advisors LLC Takes Position in Thor Industries, Inc. $THO

Harvest Investment Advisors LLC bought a new stake in Thor Industries, Inc. (NYSE:THO) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 18,766 shares of the RV manufacturer’s stock, valued at approximately $1,927,000.

A number of other institutional investors have also modified their holdings of the stock. ACR Alpine Capital Research LLC increased its holdings in shares of Thor Industries by 0.7% in the fourth quarter. ACR Alpine Capital Research LLC now owns 4,133,782 shares of the RV manufacturer’s stock valued at $424,415,000 after purchasing an additional 26,712 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Thor Industries by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,050,494 shares of the RV manufacturer’s stock valued at $313,201,000 after purchasing an additional 48,157 shares during the period. Life Cycle Investment Partners Ltd purchased a new stake in shares of Thor Industries in the fourth quarter valued at approximately $255,482,000. Capital Research Global Investors grew its holdings in Thor Industries by 3.2% during the fourth quarter. Capital Research Global Investors now owns 1,581,876 shares of the RV manufacturer’s stock worth $162,411,000 after acquiring an additional 48,466 shares during the period. Finally, American Century Companies Inc. grew its holdings in Thor Industries by 16.7% during the third quarter. American Century Companies Inc. now owns 1,362,071 shares of the RV manufacturer’s stock worth $141,233,000 after acquiring an additional 195,357 shares during the period. Institutional investors and hedge funds own 96.71% of the company’s stock.

Thor Industries Trading Down 1.3%

Shares of THO stock opened at $75.03 on Wednesday. The business’s fifty day moving average price is $77.38 and its 200 day moving average price is $93.44. Thor Industries, Inc. has a 1-year low of $69.71 and a 1-year high of $122.83. The firm has a market capitalization of $3.91 billion, a PE ratio of 32.48, a P/E/G ratio of 2.02 and a beta of 1.32. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.71 and a quick ratio of 0.80.

Thor Industries (NYSE:THO) last posted its earnings results on Wednesday, June 3rd. The RV manufacturer reported $1.86 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.02). The firm had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Thor Industries had a return on equity of 5.74% and a net margin of 2.67%.The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.53 earnings per share. 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 3.19 EPS for the current fiscal year.

Thor Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Wednesday, July 1st. Thor Industries’s payout ratio is presently 90.04%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on THO. Loop Capital upped their price objective on Thor Industries from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. BMO Capital Markets dropped their price objective on Thor Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. Benchmark reaffirmed a “hold” rating on shares of Thor Industries in a report on Friday. Bank of America dropped their price objective on Thor Industries from $120.00 to $96.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. Finally, Citigroup dropped their price objective on Thor Industries from $82.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, June 5th. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Thor Industries currently has an average rating of “Hold” and an average target price of $95.67.

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.