Bessemer Group Inc. Trims Stock Position in Thor Industries, Inc. $THO

Bessemer Group Inc. cut its stake in Thor Industries, Inc. (NYSE:THO) by 52.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,413 shares of the RV manufacturer’s stock after selling 4,921 shares during the quarter. Bessemer Group Inc.’s holdings in Thor Industries were worth $457,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of THO. Hantz Financial Services Inc. increased its holdings in Thor Industries by 2,463.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 282 shares of the RV manufacturer’s stock worth $25,000 after acquiring an additional 271 shares in the last quarter. Country Trust Bank lifted its stake in Thor Industries by 50.0% in the 2nd quarter. Country Trust Bank now owns 300 shares of the RV manufacturer’s stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Curio Wealth LLC boosted its stake in Thor Industries by 33,300.0% during the second quarter. Curio Wealth LLC now owns 334 shares of the RV manufacturer’s stock worth $30,000 after buying an additional 333 shares during the last quarter. MAI Capital Management boosted its position in shares of Thor Industries by 174.8% during the 2nd quarter. MAI Capital Management now owns 371 shares of the RV manufacturer’s stock valued at $33,000 after acquiring an additional 236 shares during the last quarter. Finally, HM Payson & Co. grew its stake in shares of Thor Industries by 33.0% in the 3rd quarter. HM Payson & Co. now owns 540 shares of the RV manufacturer’s stock valued at $56,000 after buying an additional 134 shares during the period. 96.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on THO. Roth Mkm upped their target price on shares of Thor Industries from $93.00 to $97.00 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Loop Capital set a $133.00 price objective on shares of Thor Industries in a report on Tuesday, January 13th. UBS Group set a $97.00 target price on shares of Thor Industries in a report on Thursday, December 4th. Weiss Ratings restated a “hold (c)” rating on shares of Thor Industries in a research note on Wednesday, January 21st. Finally, Robert W. Baird lifted their price objective on Thor Industries from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Three research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $107.20.

Insider Activity at Thor Industries

In related news, COO W. Todd Woelfer sold 4,567 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $114.84, for a total value of $524,474.28. Following the transaction, the chief operating officer owned 104,109 shares of the company’s stock, valued at $11,955,877.56. This represents a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 4.70% of the company’s stock.

Thor Industries Price Performance

THO stock opened at $119.89 on Thursday. The business’s 50-day moving average is $109.83 and its two-hundred day moving average is $106.06. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.81 and a quick ratio of 0.83. The firm has a market capitalization of $6.33 billion, a P/E ratio of 37.82, a P/E/G ratio of 2.17 and a beta of 1.41. Thor Industries, Inc. has a 1 year low of $63.15 and a 1 year high of $121.45.

Thor Industries (NYSE:THO) last released its earnings results on Wednesday, December 3rd. The RV manufacturer reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.52. Thor Industries had a net margin of 2.87% and a return on equity of 7.05%. The firm had revenue of $2.39 million for the quarter, compared to analyst estimates of $2.05 billion. During the same period in the prior year, the firm earned ($0.03) earnings per share. The business’s quarterly 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. Analysts anticipate that Thor Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

Thor Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 19th. Stockholders of record on Monday, January 5th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, January 5th. Thor Industries’s payout ratio is 65.62%.

Thor Industries 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.