Bayforest Capital Ltd Sells 5,227 Shares of Thor Industries, Inc. $THO

Bayforest Capital Ltd trimmed its holdings in Thor Industries, Inc. (NYSE:THO) by 79.6% in the 3rd quarter, Holdings Channel reports. The fund owned 1,343 shares of the RV manufacturer’s stock after selling 5,227 shares during the quarter. Bayforest Capital Ltd’s holdings in Thor Industries were worth $139,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. ACR Alpine Capital Research LLC increased its position in shares of Thor Industries by 22.5% during the 2nd quarter. ACR Alpine Capital Research LLC now owns 4,265,031 shares of the RV manufacturer’s stock worth $378,777,000 after purchasing an additional 782,114 shares in the last quarter. Norges Bank bought a new stake in shares of Thor Industries during the second quarter worth $51,597,000. Timucuan Asset Management Inc. FL lifted its stake in shares of Thor Industries by 9.2% during the second quarter. Timucuan Asset Management Inc. FL now owns 2,674,398 shares of the RV manufacturer’s stock valued at $237,513,000 after acquiring an additional 225,997 shares during the period. American Century Companies Inc. increased its position in Thor Industries by 16.7% in the second quarter. American Century Companies Inc. now owns 1,166,714 shares of the RV manufacturer’s stock worth $103,616,000 after purchasing an additional 166,895 shares during the period. Finally, ProShare Advisors LLC raised its stake in shares of Thor Industries by 49.4% during the second quarter. ProShare Advisors LLC now owns 454,779 shares of the RV manufacturer’s stock worth $40,389,000 after buying an additional 150,391 shares during the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on THO shares. Raymond James Financial upgraded Thor Industries from an “underperform” rating to a “market perform” rating in a report on Monday, October 27th. Zacks Research upgraded Thor Industries from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Citigroup dropped their target price on Thor Industries from $117.00 to $108.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. DA Davidson restated a “neutral” rating and issued a $102.00 price target on shares of Thor Industries in a research note on Thursday, December 4th. Finally, Truist Financial increased their price objective on Thor Industries from $110.00 to $112.00 and gave the company a “hold” rating in a report on Tuesday, December 9th. Three equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $106.40.

Thor Industries Stock Down 0.9%

NYSE THO opened at $114.54 on Thursday. The company has a current ratio of 1.81, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 36.13, a PEG ratio of 2.12 and a beta of 1.34. The company has a 50 day moving average of $104.23 and a 200-day moving average of $102.70. Thor Industries, Inc. has a 1-year low of $63.15 and a 1-year high of $117.09.

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

Thor Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 19th. Stockholders of record on Monday, January 5th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, January 5th. Thor Industries’s payout ratio is 65.62%.

Insider Buying and Selling at Thor Industries

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

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.