M&T Bank Corp Buys New Stake in Thor Industries, Inc. $THO

M&T Bank Corp bought a new stake in shares of Thor Industries, Inc. (NYSE:THO) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,987 shares of the RV manufacturer’s stock, valued at approximately $1,025,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its position in Thor Industries by 1.7% during the second quarter. BNP Paribas Financial Markets now owns 6,072 shares of the RV manufacturer’s stock valued at $539,000 after purchasing an additional 99 shares during the period. Kingsview Wealth Management LLC lifted its position in Thor Industries by 3.9% during the third quarter. Kingsview Wealth Management LLC now owns 2,659 shares of the RV manufacturer’s stock valued at $276,000 after purchasing an additional 99 shares during the period. CANADA LIFE ASSURANCE Co lifted its position in Thor Industries by 0.3% during the second quarter. CANADA LIFE ASSURANCE Co now owns 34,810 shares of the RV manufacturer’s stock valued at $3,089,000 after purchasing an additional 104 shares during the period. Cibc World Market Inc. lifted its position in Thor Industries by 0.7% during the third quarter. Cibc World Market Inc. now owns 14,773 shares of the RV manufacturer’s stock valued at $1,532,000 after purchasing an additional 104 shares during the period. Finally, HighPoint Advisor Group LLC lifted its position in Thor Industries by 4.7% during the third quarter. HighPoint Advisor Group LLC now owns 2,588 shares of the RV manufacturer’s stock valued at $268,000 after purchasing an additional 115 shares during the period. 96.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Thor Industries

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

Thor Industries Trading Up 1.8%

Shares of Thor Industries stock opened at $79.11 on Friday. The firm has a 50-day simple moving average of $83.76 and a two-hundred day simple moving average of $99.37. The company has a market cap of $4.16 billion, a P/E ratio of 24.57, a price-to-earnings-growth ratio of 1.55 and a beta of 1.45. Thor Industries, Inc. has a fifty-two week low of $72.07 and a fifty-two week high of $122.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.73 and a current ratio of 1.76.

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

Thor Industries Announces Dividend

The business also recently declared 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. This represents a $2.08 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Monday, April 6th. Thor Industries’s dividend payout ratio is 64.60%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on THO. Seaport Research Partners began coverage on shares of Thor Industries in a research report on Monday, April 20th. They set a “neutral” rating for the company. Loop Capital set a $133.00 target price on shares of Thor Industries in a research report on Tuesday, January 13th. Truist Financial decreased their price objective on shares of Thor Industries from $112.00 to $109.00 and set a “hold” rating for the company in a research report on Wednesday, March 11th. Zacks Research upgraded shares of Thor Industries from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Finally, BMO Capital Markets decreased 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 report on Friday, April 17th. 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, Thor Industries currently has a consensus rating of “Hold” and a consensus target price of $105.60.

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.