Value Holdings Management CO. LLC Purchases New Position in Thor Industries, Inc. $THO

Value Holdings Management CO. LLC acquired a new position in shares of Thor Industries, Inc. (NYSE:THO) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 180,484 shares of the RV manufacturer’s stock, valued at approximately $13,565,000. Thor Industries accounts for approximately 2.3% of Value Holdings Management CO. LLC’s holdings, making the stock its 16th biggest holding.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Parallel Advisors LLC grew its stake in shares of Thor Industries by 16.9% during the fourth quarter. Parallel Advisors LLC now owns 621 shares of the RV manufacturer’s stock worth $64,000 after buying an additional 90 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Thor Industries by 1.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 6,072 shares of the RV manufacturer’s stock valued at $539,000 after acquiring an additional 99 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Thor Industries by 0.3% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 34,810 shares of the RV manufacturer’s stock valued at $3,089,000 after acquiring an additional 104 shares in the last quarter. CWM LLC boosted its holdings in shares of Thor Industries by 18.9% during the 4th quarter. CWM LLC now owns 794 shares of the RV manufacturer’s stock valued at $82,000 after acquiring an additional 126 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its position in Thor Industries by 5.9% during the 4th quarter. Benjamin Edwards Inc. now owns 2,435 shares of the RV manufacturer’s stock worth $250,000 after acquiring an additional 136 shares during the last quarter. Institutional investors own 96.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on THO shares. Citigroup lowered their target price on Thor Industries from $80.00 to $79.00 and set a “neutral” rating for the company in a report on Friday, July 24th. Truist Financial cut their price target on Thor Industries from $109.00 to $80.00 and set a “hold” rating on the stock in a research note on Wednesday, July 8th. Roth Capital set a $78.00 price target on Thor Industries in a report on Thursday, June 4th. Zacks Research lowered shares of Thor Industries from a “hold” rating to a “strong sell” rating in a report on Friday, June 5th. Finally, Weiss Ratings downgraded shares of Thor Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $92.33.

Thor Industries Stock Down 1.7%

Shares of NYSE:THO opened at $78.74 on Friday. The firm has a market cap of $4.10 billion, a P/E ratio of 34.09, a P/E/G ratio of 1.56 and a beta of 1.33. The company has a quick ratio of 0.80, a current ratio of 1.71 and a debt-to-equity ratio of 0.20. Thor Industries, Inc. has a 12-month low of $69.71 and a 12-month high of $122.83. The business has a fifty day simple moving average of $76.38 and a 200 day simple moving average of $83.01.

Thor Industries (NYSE:THO) last announced its earnings results on Wednesday, June 3rd. The RV manufacturer reported $1.86 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.02). Thor Industries had a return on equity of 5.74% and a net margin of 2.67%.The company had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same period in the previous year, the firm posted $2.53 earnings per share. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. Analysts predict that Thor Industries, Inc. will post 3.22 earnings per share for the current year.

Thor Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were paid a $0.52 dividend. 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 Wednesday, July 1st. Thor Industries’s payout ratio is currently 90.04%.

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.