9,987 Shares in Thor Industries, Inc. $THO Purchased by M&T Bank Corp

M&T Bank Corp purchased a new position in shares of Thor Industries, Inc. (NYSE:THO) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 9,987 shares of the RV manufacturer’s stock, valued at approximately $1,025,000.

Several other hedge funds have also recently modified their holdings of THO. Jones Financial Companies Lllp raised its position in shares of Thor Industries by 433.3% during the 1st quarter. Jones Financial Companies Lllp now owns 7,061 shares of the RV manufacturer’s stock worth $535,000 after purchasing an additional 5,737 shares during the last quarter. United Services Automobile Association acquired a new position in shares of Thor Industries during the 1st quarter worth about $269,000. Empowered Funds LLC acquired a new position in shares of Thor Industries during the 1st quarter worth about $1,177,000. Focus Partners Wealth acquired a new position in shares of Thor Industries during the 1st quarter worth about $255,000. Finally, Prudential Financial Inc. raised its position in shares of Thor Industries by 20.4% during the 2nd quarter. Prudential Financial Inc. now owns 5,534 shares of the RV manufacturer’s stock worth $491,000 after purchasing an additional 937 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on THO shares. Zacks Research raised shares of Thor Industries from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. BMO Capital Markets dropped their price objective on shares of Thor Industries from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Citigroup dropped their price objective on shares of Thor Industries from $116.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, March 4th. BNP Paribas Exane started coverage on shares of Thor Industries in a research note on Monday, April 20th. They set a “neutral” rating for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Thor Industries in a research note on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $105.60.

Insider Buying and Selling at Thor Industries

In related news, Director Peter Busch Orthwein acquired 2,600 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was purchased at an average price of $88.25 per share, with a total value of $229,450.00. Following the transaction, the director owned 139,000 shares of the company’s stock, valued at approximately $12,266,750. This trade represents a 1.91% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 4.70% of the company’s stock.

Thor Industries Stock Up 1.8%

Shares of NYSE THO opened at $79.11 on Friday. Thor Industries, Inc. has a 12-month low of $72.07 and a 12-month high of $122.83. The stock has a market cap of $4.16 billion, a PE ratio of 24.57, a P/E/G ratio of 1.55 and a beta of 1.45. The company has a current ratio of 1.76, a quick ratio of 0.73 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $83.76 and a 200 day moving average of $99.37.

Thor Industries (NYSE:THO) last posted its quarterly earnings results on Tuesday, March 3rd. The RV manufacturer reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.31. Thor Industries had a net margin of 3.02% and a return on equity of 6.96%. The business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the prior year, the company posted ($0.01) EPS. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. As a group, 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 given a dividend of $0.52 per share. The ex-dividend date of this dividend was Monday, April 6th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.6%. Thor Industries’s dividend payout ratio (DPR) is presently 64.60%.

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.