Oppenheimer Asset Management Inc. Has $65.43 Million Stake in Thor Industries, Inc. $THO

Oppenheimer Asset Management Inc. lessened its stake in Thor Industries, Inc. (NYSE:THO) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 637,275 shares of the RV manufacturer’s stock after selling 34,248 shares during the quarter. Thor Industries accounts for about 0.8% of Oppenheimer Asset Management Inc.’s holdings, making the stock its 21st biggest position. Oppenheimer Asset Management Inc.’s holdings in Thor Industries were worth $65,429,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Choreo LLC raised its position in Thor Industries by 9.9% in the fourth quarter. Choreo LLC now owns 394,513 shares of the RV manufacturer’s stock worth $41,128,000 after acquiring an additional 35,655 shares during the period. WINTON GROUP Ltd raised its position in Thor Industries by 115.9% in the third quarter. WINTON GROUP Ltd now owns 57,262 shares of the RV manufacturer’s stock worth $5,937,000 after acquiring an additional 30,740 shares during the period. Triad Investment Management bought a new position in shares of Thor Industries in the fourth quarter worth about $4,276,000. Natixis Advisors LLC raised its stake in shares of Thor Industries by 5.4% in the third quarter. Natixis Advisors LLC now owns 686,278 shares of the RV manufacturer’s stock worth $71,160,000 after buying an additional 35,294 shares during the period. Finally, Mirabella Financial Services LLP raised its stake in shares of Thor Industries by 65.1% in the third quarter. Mirabella Financial Services LLP now owns 30,340 shares of the RV manufacturer’s stock worth $3,140,000 after buying an additional 11,965 shares during the period. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Insider Buying and Selling

In other news, Director Peter Busch Orthwein purchased 2,600 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were acquired 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 $12,266,750. This represents a 1.91% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

Thor Industries Stock Performance

Thor Industries stock opened at $79.11 on Friday. The company’s 50-day moving average price is $83.76 and its 200-day moving average price is $99.37. Thor Industries, Inc. has a twelve month low of $72.07 and a twelve month high of $122.83. The company has a quick ratio of 0.73, a current ratio of 1.76 and a debt-to-equity ratio of 0.20. The company has a market cap of $4.16 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 1.55 and a beta of 1.45.

Thor Industries (NYSE:THO) last released its 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. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $1.96 billion. Thor Industries had a return on equity of 6.96% and a net margin of 3.02%.The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.01) EPS. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. On average, equities research analysts forecast that Thor Industries, Inc. will post 3.75 EPS for the current fiscal year.

Thor Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 20th. Shareholders of record on Monday, April 6th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Monday, April 6th. Thor Industries’s dividend payout ratio is currently 64.60%.

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.