Insider Buying: Thor Industries (NYSE:THO) Director Purchases $229,450.00 in Stock

Thor Industries, Inc. (NYSE:THO) Director Peter Busch Orthwein bought 2,600 shares of the company’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 transaction, the director directly owned 139,000 shares of the company’s stock, 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 available through this hyperlink.

Thor Industries Trading Up 0.0%

THO stock opened at $84.74 on Thursday. Thor Industries, Inc. has a 1-year low of $63.15 and a 1-year high of $122.83. 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 business’s 50 day moving average is $108.62 and its 200-day moving average is $106.24. The firm has a market cap of $4.46 billion, a P/E ratio of 26.32, a P/E/G ratio of 1.61 and a beta of 1.43.

Thor Industries (NYSE:THO) last posted its quarterly earnings data 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 firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter last year, the company posted ($0.01) EPS. The company’s quarterly revenue 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. Equities analysts anticipate that Thor Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

Thor Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 19th. Shareholders of record on Monday, January 5th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Monday, January 5th. This represents a $2.08 dividend on an annualized basis and a yield of 2.5%. Thor Industries’s dividend payout ratio is 64.60%.

Hedge Funds Weigh In On Thor Industries

Hedge funds have recently bought and sold shares of the company. XTX Topco Ltd raised its holdings in shares of Thor Industries by 199.7% in the 2nd quarter. XTX Topco Ltd now owns 10,953 shares of the RV manufacturer’s stock worth $973,000 after acquiring an additional 7,298 shares during the last quarter. AXQ Capital LP purchased a new stake in shares of Thor Industries during the 2nd quarter worth approximately $524,000. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Thor Industries by 40.4% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 58,358 shares of the RV manufacturer’s stock valued at $5,183,000 after acquiring an additional 16,785 shares during the period. Ontario Teachers Pension Plan Board purchased a new stake in shares of Thor Industries during the second quarter worth $556,000. Finally, Oak Thistle LLC lifted its holdings in shares of Thor Industries by 870.9% in the third quarter. Oak Thistle LLC now owns 31,410 shares of the RV manufacturer’s stock worth $3,257,000 after buying an additional 28,175 shares in the last quarter. Institutional investors own 96.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on THO. UBS Group set a $97.00 price objective on shares of Thor Industries in a research report on Thursday, December 4th. Wall Street Zen downgraded Thor Industries from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Truist Financial dropped their price objective on Thor Industries from $112.00 to $109.00 and set a “hold” rating on the stock in a research note on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Thor Industries in a research report on Wednesday, January 21st. Finally, Zacks Research raised Thor Industries from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Three analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $106.10.

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.