Thor Industries (NYSE:THO) Sets New 12-Month Low – Here’s What Happened

Shares of Thor Industries, Inc. (NYSE:THO) reached a new 52-week low on Tuesday . The stock traded as low as $70.56 and last traded at $71.5170, with a volume of 26286 shares traded. The stock had previously closed at $73.81.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Citigroup cut their price objective on Thor Industries from $116.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 4th. DA Davidson dropped their price target on Thor Industries from $102.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 4th. BMO Capital Markets dropped their price target on Thor Industries from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Thor Industries in a research report on Wednesday, January 21st. Finally, Benchmark reaffirmed a “hold” rating on shares of Thor Industries in a research report on Wednesday, March 4th. Three investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $105.60.

Thor Industries Stock Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.73 and a current ratio of 1.76. The company has a market capitalization of $3.94 billion, a P/E ratio of 23.24, a price-to-earnings-growth ratio of 1.44 and a beta of 1.34. The business has a 50 day moving average of $78.48 and a 200-day moving average of $96.67.

Thor Industries (NYSE:THO) last released its quarterly earnings data on Tuesday, March 3rd. The RV manufacturer reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.31. Thor Industries had a return on equity of 6.96% and a net margin of 3.02%.The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the company posted ($0.01) EPS. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. On average, sell-side analysts predict that Thor Industries, Inc. will post 3.75 EPS for the current fiscal year.

Thor Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Investors of record on Monday, April 6th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Monday, April 6th. Thor Industries’s payout ratio is presently 64.60%.

Insider Activity

In related news, Director Peter Busch Orthwein acquired 2,600 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were bought at an average cost of $88.25 per share, for a total transaction of $229,450.00. Following the purchase, the director owned 139,000 shares in the company, valued at $12,266,750. This trade represents a 1.91% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.70% of the company’s stock.

Institutional Trading of Thor Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Foster Dykema Cabot & Partners LLC bought a new position in Thor Industries in the 3rd quarter worth about $27,000. V Square Quantitative Management LLC bought a new position in Thor Industries in the 4th quarter worth about $29,000. Curio Wealth LLC bought a new position in Thor Industries in the 4th quarter worth about $36,000. Danske Bank A S bought a new position in Thor Industries in the 3rd quarter worth about $41,000. Finally, eCIO Inc. bought a new position in Thor Industries in the 4th quarter worth about $49,000. 96.71% of the stock is currently owned by institutional investors.

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.