Sei Investments Co. Buys 8,688 Shares of Thor Industries, Inc. $THO

Sei Investments Co. boosted its stake in shares of Thor Industries, Inc. (NYSE:THO) by 19.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 54,483 shares of the RV manufacturer’s stock after purchasing an additional 8,688 shares during the quarter. Sei Investments Co.’s holdings in Thor Industries were worth $4,353,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in shares of Thor Industries in the 4th quarter valued at $29,000. Curio Wealth LLC acquired a new stake in shares of Thor Industries during the 4th quarter worth about $36,000. Danske Bank A S acquired a new stake in shares of Thor Industries during the 3rd quarter worth about $41,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Thor Industries during the 4th quarter valued at about $51,000. Finally, CIBC Private Wealth Group LLC lifted its holdings in Thor Industries by 83.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 538 shares of the RV manufacturer’s stock valued at $56,000 after purchasing an additional 244 shares during the last quarter. 96.71% of the stock is owned by institutional investors.

Thor Industries Stock Down 0.6%

Shares of NYSE THO opened at $79.44 on Thursday. Thor Industries, Inc. has a 12-month low of $69.71 and a 12-month high of $122.83. The firm’s 50-day simple moving average is $76.09 and its 200 day simple moving average is $85.75. The company has a quick ratio of 0.80, a current ratio of 1.71 and a debt-to-equity ratio of 0.20. The company has a market cap of $4.14 billion, a price-to-earnings ratio of 34.39, a price-to-earnings-growth ratio of 1.56 and a beta of 1.33.

Thor Industries (NYSE:THO) last posted its quarterly earnings data on Wednesday, June 3rd. The RV manufacturer reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.02). The company 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%. The company’s revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.53 EPS. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. On average, research analysts expect that Thor Industries, Inc. will post 3.2 earnings per share for the current fiscal year.

Thor Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were paid 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 of this dividend was Wednesday, July 1st. Thor Industries’s dividend payout ratio is 90.04%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on THO. BMO Capital Markets decreased their price objective on shares of Thor Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. Weiss Ratings cut shares of Thor Industries from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. Zacks Research downgraded Thor Industries from a “hold” rating to a “strong sell” rating in a report on Friday, June 5th. Citigroup decreased their price target on Thor Industries from $80.00 to $79.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. Finally, Benchmark reaffirmed a “hold” rating on shares of Thor Industries in a report on Friday, June 12th. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $92.33.

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.