Franklin Resources Inc. Invests $1.35 Million in Thor Industries, Inc. $THO

Franklin Resources Inc. acquired a new stake in Thor Industries, Inc. (NYSE:THO) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 15,208 shares of the RV manufacturer’s stock, valued at approximately $1,351,000.

Several other large investors have also added to or reduced their stakes in the business. LPL Financial LLC increased its stake in Thor Industries by 1.9% in the 1st quarter. LPL Financial LLC now owns 41,119 shares of the RV manufacturer’s stock valued at $3,117,000 after buying an additional 752 shares during the last quarter. Federated Hermes Inc. boosted its stake in shares of Thor Industries by 25.9% during the 1st quarter. Federated Hermes Inc. now owns 7,034 shares of the RV manufacturer’s stock worth $533,000 after buying an additional 1,448 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Thor Industries in the 1st quarter valued at about $277,000. Vanguard Group Inc. increased its position in shares of Thor Industries by 6.5% in the first quarter. Vanguard Group Inc. now owns 5,376,681 shares of the RV manufacturer’s stock valued at $407,606,000 after acquiring an additional 326,584 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Thor Industries by 3.6% during the first quarter. Invesco Ltd. now owns 167,640 shares of the RV manufacturer’s stock worth $12,709,000 after acquiring an additional 5,822 shares in the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

Analyst Upgrades and Downgrades

THO has been the subject of a number of analyst reports. Citigroup decreased their price target on Thor Industries from $117.00 to $108.00 and set a “neutral” rating for the company in a research note on Friday. Roth Capital raised their target price on shares of Thor Industries from $93.00 to $97.00 and gave the company a “neutral” rating in a research note on Thursday. Zacks Research lowered shares of Thor Industries from a “hold” rating to a “strong sell” rating in a research report on Wednesday. BMO Capital Markets increased their price target on shares of Thor Industries from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, September 26th. Finally, Truist Financial lowered their price objective on shares of Thor Industries from $115.00 to $110.00 and set a “hold” rating on the stock in a research note on Thursday, October 9th. Two research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $103.90.

Thor Industries Trading Down 1.2%

THO stock opened at $100.77 on Friday. Thor Industries, Inc. has a one year low of $63.15 and a one year high of $117.09. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of 33.37, a price-to-earnings-growth ratio of 1.80 and a beta of 1.32. The company has a fifty day moving average price of $103.80 and a two-hundred day moving average price of $98.48. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.81 and a quick ratio of 0.90.

Thor Industries (NYSE:THO) last posted its earnings results on Wednesday, December 3rd. The RV manufacturer reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.52. The company had revenue of $2.39 million during the quarter, compared to analysts’ expectations of $2.05 billion. Thor Industries had a net margin of 2.87% and a return on equity of 7.05%. Thor Industries’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.03) EPS. 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 EPS for the current year.

Thor Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Thursday, October 23rd were given a $0.52 dividend. The ex-dividend date of this dividend was Thursday, October 23rd. This is a positive change from Thor Industries’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 2.1%. Thor Industries’s dividend payout ratio (DPR) is currently 68.87%.

Thor Industries Company Profile

THOR Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.