Bank of New York Mellon Corp Trims Position in Thor Industries, Inc. $THO

Bank of New York Mellon Corp decreased its holdings in shares of Thor Industries, Inc. (NYSE:THO) by 2.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 416,678 shares of the RV manufacturer’s stock after selling 11,997 shares during the quarter. Bank of New York Mellon Corp’s holdings in Thor Industries were worth $33,288,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in THO. V Square Quantitative Management LLC acquired a new stake in Thor Industries during the 4th quarter worth approximately $29,000. Curio Wealth LLC purchased a new position in Thor Industries in the 4th quarter valued at $36,000. Danske Bank A S purchased a new position in Thor Industries in the 3rd quarter valued at $41,000. eCIO Inc. acquired a new position in Thor Industries in the 4th quarter valued at $49,000. Finally, Allworth Financial LP increased its stake in Thor Industries by 50.2% in the 3rd quarter. Allworth Financial LP now owns 497 shares of the RV manufacturer’s stock valued at $52,000 after buying an additional 166 shares during the period. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on THO shares. Roth Capital set a $78.00 price objective on shares of Thor Industries in a research report on Thursday, June 4th. Loop Capital boosted their price target on shares of Thor Industries from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. BNP Paribas Exane started coverage on shares of Thor Industries in a report on Monday, April 20th. They set a “neutral” rating for the company. Truist Financial reduced their price objective on shares of Thor Industries from $109.00 to $80.00 and set a “hold” rating for the company in a research report on Wednesday, July 8th. Finally, BMO Capital Markets lowered their price objective on Thor Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $92.33.

Thor Industries Price Performance

THO stock opened at $76.78 on Monday. The firm has a 50 day moving average of $75.81 and a 200-day moving average of $87.62. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 33.24, a PEG ratio of 2.03 and a beta of 1.33. The company has a current ratio of 1.71, a quick ratio of 0.80 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.

Thor Industries (NYSE:THO) last released its quarterly earnings results on Wednesday, June 3rd. The RV manufacturer reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.02). Thor Industries had a return on equity of 5.74% and a net margin of 2.67%.The firm had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the prior year, the company earned $2.53 EPS. The business’s revenue was down 3.9% on a year-over-year basis. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. As a group, equities analysts expect that Thor Industries, Inc. will post 3.2 EPS for the current fiscal year.

Thor Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were issued a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $2.08 annualized dividend and a yield of 2.7%. Thor Industries’s dividend payout ratio is 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.