Carnegie Investment Counsel Decreases Position in Thor Industries, Inc. $THO

Carnegie Investment Counsel decreased its position in shares of Thor Industries, Inc. (NYSE:THO) by 27.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 12,724 shares of the RV manufacturer’s stock after selling 4,743 shares during the period. Carnegie Investment Counsel’s holdings in Thor Industries were worth $1,319,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its position in 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 in the last quarter. Country Trust Bank raised its stake in shares of Thor Industries by 50.0% in the second quarter. Country Trust Bank now owns 300 shares of the RV manufacturer’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of 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 in the last quarter. Fullcircle Wealth LLC boosted its position in shares of Thor Industries by 1.4% during the second quarter. Fullcircle Wealth LLC now owns 9,713 shares of the RV manufacturer’s stock valued at $906,000 after buying an additional 130 shares during the last quarter. Finally, Whittier Trust Co. increased its holdings in Thor Industries by 16.2% in the 2nd quarter. Whittier Trust Co. now owns 1,220 shares of the RV manufacturer’s stock worth $108,000 after buying an additional 170 shares in the last quarter. Institutional investors own 96.71% of the company’s stock.

Insider Activity at Thor Industries

In other news, COO W. Todd Woelfer sold 1,729 shares of Thor Industries stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $103.15, for a total transaction of $178,346.35. Following the transaction, the chief operating officer directly owned 112,680 shares of the company’s stock, valued at $11,622,942. The trade was a 1.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have issued reports on THO. Robert W. Baird upped their target price on shares of Thor Industries from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Loop Capital started coverage on shares of Thor Industries in a research report on Friday, October 31st. They set a “hold” rating and a $110.00 price objective on the stock. Zacks Research cut shares of Thor Industries from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 3rd. Truist Financial boosted their target price on shares of Thor Industries from $110.00 to $112.00 and gave the company a “hold” rating in a research note on Tuesday, December 9th. Finally, BMO Capital Markets raised their price target on Thor Industries from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, September 26th. Two analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $104.10.

Thor Industries Stock Down 0.2%

Shares of THO stock opened at $106.19 on Monday. The company has a current ratio of 1.81, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. Thor Industries, Inc. has a 12 month low of $63.15 and a 12 month high of $117.09. The stock has a market cap of $5.61 billion, a P/E ratio of 33.50, a P/E/G ratio of 1.95 and a beta of 1.32. The company has a 50 day simple moving average of $103.91 and a two-hundred day simple moving average of $100.95.

Thor Industries (NYSE:THO) last issued its quarterly earnings data on Wednesday, December 3rd. The RV manufacturer reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.52. The firm had revenue of $2.39 million during the quarter, compared to the consensus estimate of $2.05 billion. Thor Industries had a net margin of 2.87% and a return on equity of 7.05%. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.03) EPS. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. On average, research analysts expect that Thor Industries, Inc. will post 4.64 earnings per share for the current year.

Thor Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 19th. Shareholders of record on Monday, January 5th will be given a $0.52 dividend. The ex-dividend date is Monday, January 5th. This represents a $2.08 dividend on an annualized basis and a yield of 2.0%. Thor Industries’s dividend payout ratio is presently 65.62%.

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.