QV Investors Inc. Has $14.88 Million Position in Thor Industries, Inc. $THO

QV Investors Inc. raised its stake in Thor Industries, Inc. (NYSE:THO) by 79.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 197,996 shares of the RV manufacturer’s stock after buying an additional 87,590 shares during the period. QV Investors Inc.’s holdings in Thor Industries were worth $14,881,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Hsbc Holdings PLC raised its position in shares of Thor Industries by 26.6% during the second quarter. Hsbc Holdings PLC now owns 3,827 shares of the RV manufacturer’s stock worth $288,000 after acquiring an additional 803 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Thor Industries in the second quarter worth approximately $516,000. Public Employees Retirement System of Ohio bought a new stake in Thor Industries in the second quarter valued at approximately $1,077,000. Corient Private Wealth LP bought a new stake in Thor Industries in the second quarter valued at approximately $2,634,000. Finally, Bank of America Corp DE acquired a new stake in Thor Industries during the 2nd quarter valued at approximately $6,886,000. Institutional investors and hedge funds own 96.71% of the company’s stock.

Wall Street Analyst Weigh In

THO has been the subject of several analyst reports. Roth Capital set a $78.00 price target on shares of Thor Industries in a report on Thursday, June 4th. Truist Financial decreased their price objective on shares of Thor Industries from $109.00 to $80.00 and set a “hold” rating for the company in a research report on Wednesday, July 8th. Argus upgraded shares of Thor Industries to a “hold” rating in a research report on Friday, June 12th. BMO Capital Markets lowered their target price on shares of Thor Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. Finally, DA Davidson dropped their target price on shares of Thor Industries from $100.00 to $80.00 and set a “neutral” rating on the stock in a report on Monday, June 15th. Three investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, Thor Industries has an average rating of “Hold” and an average target price of $92.33.

Thor Industries Trading Down 0.0%

NYSE THO opened at $77.01 on Monday. The stock has a market capitalization of $4.01 billion, a P/E ratio of 33.34, a P/E/G ratio of 1.49 and a beta of 1.33. The business has a 50 day simple moving average of $76.88 and a 200 day simple moving average of $81.31. 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, Inc. has a one year low of $69.71 and a one year high of $122.83.

Thor Industries (NYSE:THO) last issued its quarterly earnings results on Wednesday, June 3rd. The RV manufacturer reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.02). The business had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.67 billion. Thor Industries had a net margin of 2.67% and a return on equity of 5.74%. Thor Industries’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period last year, the firm posted $2.53 earnings per share. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. Research analysts expect that Thor Industries, Inc. will post 3.21 earnings per share for the current year.

Thor Industries Announces Dividend

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

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.