PNC Financial Services Group Inc. Increases Stock Holdings in Thor Industries, Inc. $THO

PNC Financial Services Group Inc. boosted its position in Thor Industries, Inc. (NYSE:THO) by 96.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,839 shares of the RV manufacturer’s stock after purchasing an additional 10,725 shares during the period. PNC Financial Services Group Inc.’s holdings in Thor Industries were worth $2,242,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in THO. Jones Financial Companies Lllp lifted 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 valued at $535,000 after buying an additional 5,737 shares in the last quarter. United Services Automobile Association purchased a new position in shares of Thor Industries during the 1st quarter valued at about $269,000. Empowered Funds LLC purchased a new position in shares of Thor Industries during the 1st quarter valued at about $1,177,000. Focus Partners Wealth purchased a new position in shares of Thor Industries during the 1st quarter valued at about $255,000. Finally, Prudential Financial Inc. lifted 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 valued at $491,000 after buying an additional 937 shares in the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Thor Industries

In other news, Director Peter Busch Orthwein bought 2,600 shares of the stock in a transaction on Friday, March 6th. The stock was acquired at an average cost of $88.25 per share, for a total transaction of $229,450.00. Following the acquisition, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.70% of the company’s stock.

Wall Street Analysts Forecast Growth

THO has been the topic of a number of research analyst reports. BNP Paribas Exane initiated coverage on Thor Industries in a report on Monday, April 20th. They issued a “neutral” rating on the stock. DA Davidson lowered their price target on Thor Industries from $102.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, March 4th. Truist Financial lowered their price target on Thor Industries from $112.00 to $109.00 and set a “hold” rating on the stock in a report on Wednesday, March 11th. Citigroup lowered their price target on Thor Industries from $100.00 to $82.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, BMO Capital Markets lowered their price target on Thor Industries from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $103.80.

Thor Industries Stock Performance

NYSE THO opened at $78.75 on Thursday. The business’s 50 day moving average price is $77.86 and its 200-day moving average price is $95.75. The company has a market cap of $4.14 billion, a P/E ratio of 24.46, a P/E/G ratio of 1.56 and a beta of 1.34. 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, Inc. has a fifty-two week low of $70.56 and a fifty-two week high of $122.83.

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, topping analysts’ consensus estimates of $0.03 by $0.31. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $1.96 billion. Thor Industries had a return on equity of 6.96% and a net margin of 3.02%.The business’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.01) earnings per share. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. Sell-side analysts predict that Thor Industries, Inc. will post 3.75 earnings per share for the current year.

Thor Industries Dividend Announcement

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