Thor Industries, Inc. $THO Stock Position Lifted by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. lifted its holdings in Thor Industries, Inc. (NYSE:THO) by 130.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,081,238 shares of the RV manufacturer’s stock after purchasing an additional 611,639 shares during the quarter. Balyasny Asset Management L.P.’s holdings in Thor Industries were worth $111,011,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of THO. Jones Financial Companies Lllp boosted its stake in Thor Industries by 433.3% during the first quarter. Jones Financial Companies Lllp now owns 7,061 shares of the RV manufacturer’s stock valued at $535,000 after buying an additional 5,737 shares in the last quarter. United Services Automobile Association bought a new position in Thor Industries during the first quarter valued at about $269,000. Empowered Funds LLC bought a new position in Thor Industries during the first quarter valued at about $1,177,000. Focus Partners Wealth bought a new position in Thor Industries during the first quarter valued at about $255,000. Finally, Prudential Financial Inc. boosted its stake in Thor Industries by 20.4% during the second quarter. Prudential Financial Inc. now owns 5,534 shares of the RV manufacturer’s stock valued at $491,000 after buying an additional 937 shares in the last quarter. Institutional investors own 96.71% of the company’s stock.

Thor Industries Stock Down 4.1%

Shares of Thor Industries stock opened at $71.95 on Thursday. The stock has a 50-day moving average price of $77.27 and a 200 day moving average price of $93.20. The company has a market cap of $3.75 billion, a P/E ratio of 31.15, a P/E/G ratio of 2.00 and a beta of 1.32. 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 1 year low of $69.71 and a 1 year high of $122.83.

Thor Industries (NYSE:THO) last posted its quarterly 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 analysts’ expectations of $2.67 billion. During the same period last year, the business earned $2.53 earnings per share. The firm’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, analysts expect that Thor Industries, Inc. will post 3.19 EPS for the current fiscal year.

Thor Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.9%. Thor Industries’s dividend payout ratio (DPR) is 90.04%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. BNP Paribas Exane assumed coverage on Thor Industries in a research note on Monday, April 20th. They set a “neutral” rating for the company. Zacks Research cut Thor Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, June 5th. Bank of America reduced their target price on Thor Industries from $120.00 to $96.00 and set a “buy” rating for the company in a report on Thursday, June 4th. Seaport Research Partners started coverage on Thor Industries in a research note on Monday, April 20th. They issued a “neutral” rating for the company. Finally, Truist Financial reduced their price objective on Thor Industries from $112.00 to $109.00 and set a “hold” rating for the company in a research note on Wednesday, March 11th. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Thor Industries presently has a consensus rating of “Hold” and a consensus target price of $95.67.

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.