Franklin Resources Inc. Buys Shares of 15,208 Thor Industries, Inc. $THO

Franklin Resources Inc. bought a new stake in Thor Industries, Inc. (NYSE:THO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 15,208 shares of the RV manufacturer’s stock, valued at approximately $1,351,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in Thor Industries by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 5,376,681 shares of the RV manufacturer’s stock worth $407,606,000 after acquiring an additional 326,584 shares during the period. ACR Alpine Capital Research LLC boosted its position in shares of Thor Industries by 22.5% in 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 during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Thor Industries by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,959,547 shares of the RV manufacturer’s stock worth $224,364,000 after purchasing an additional 29,012 shares during the period. Timucuan Asset Management Inc. FL increased its holdings in Thor Industries by 20.1% in the first quarter. Timucuan Asset Management Inc. FL now owns 2,448,401 shares of the RV manufacturer’s stock valued at $185,613,000 after purchasing an additional 409,636 shares during the last quarter. Finally, Southpoint Capital Advisors LP increased its holdings in Thor Industries by 106.2% in the first quarter. Southpoint Capital Advisors LP now owns 1,250,000 shares of the RV manufacturer’s stock valued at $94,762,000 after purchasing an additional 643,851 shares during the last quarter. 96.71% of the stock is owned by institutional investors.

Thor Industries Stock Performance

Shares of THO stock opened at $100.77 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.90 and a current ratio of 1.81. Thor Industries, Inc. has a 52 week low of $63.15 and a 52 week high of $117.09. The company’s 50 day moving average price is $103.80 and its two-hundred day moving average price is $98.48. The company has a market capitalization of $5.32 billion, a P/E ratio of 33.37, a price-to-earnings-growth ratio of 1.80 and a beta of 1.32.

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, topping the consensus estimate of ($0.11) by $0.52. Thor Industries had a net margin of 2.87% and a return on equity of 7.05%. The company had revenue of $2.39 million during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. The firm’s revenue was up 11.5% compared to the same quarter last year. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. On average, analysts expect that Thor Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

Thor Industries Increases Dividend

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

Wall Street Analysts Forecast Growth

THO has been the topic of a number of recent analyst reports. UBS Group set a $97.00 target price on Thor Industries in a report on Thursday. BMO Capital Markets lifted their price objective on shares of Thor Industries from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, September 26th. Zacks Research downgraded shares of Thor Industries from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Citigroup cut their target price on shares of Thor Industries from $117.00 to $108.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Truist Financial decreased their price target on shares of Thor Industries from $115.00 to $110.00 and set a “hold” rating for the company in a report on Thursday, October 9th. Two investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $103.90.

Thor Industries 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.