Thor Industries (NYSE:THO) Now Covered by BNP Paribas Exane

BNP Paribas Exane began coverage on shares of Thor Industries (NYSE:THO) in a report published on Monday morning, Marketbeat.com reports. The brokerage issued a neutral rating on the RV manufacturer’s stock.

Several other brokerages have also recently issued reports on THO. Benchmark restated a “hold” rating on shares of Thor Industries in a research note on Wednesday, March 4th. Loop Capital set a $133.00 price objective on Thor Industries in a research note on Tuesday, January 13th. DA Davidson reduced their price objective on Thor Industries from $102.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, March 4th. Seaport Research Partners initiated coverage on Thor Industries in a research note on Monday. They issued a “neutral” rating for the company. Finally, Citigroup reduced their price objective on Thor Industries from $116.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, March 4th. Three analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $105.60.

Thor Industries Price Performance

Shares of NYSE THO opened at $81.08 on Monday. Thor Industries has a fifty-two week low of $66.84 and a fifty-two week high of $122.83. The company has a market cap of $4.26 billion, a PE ratio of 25.18, a P/E/G ratio of 1.57 and a beta of 1.45. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.73 and a current ratio of 1.76. The business has a 50-day simple moving average of $89.66 and a two-hundred day simple moving average of $100.74.

Thor Industries (NYSE:THO) last announced its quarterly earnings data on Tuesday, March 3rd. The RV manufacturer reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.31. Thor Industries had a return on equity of 6.96% and a net margin of 3.02%.The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period last year, the business posted ($0.01) earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. As a group, equities analysts expect that Thor Industries will post 3.85 EPS for the current fiscal year.

Thor Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 20th. Investors of record on Monday, April 6th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.6%. The ex-dividend date was Monday, April 6th. Thor Industries’s dividend payout ratio (DPR) is currently 64.60%.

Insiders Place Their Bets

In related news, Director Peter Busch Orthwein purchased 2,600 shares of Thor Industries stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average cost of $88.25 per share, for a total transaction of $229,450.00. Following the completion of the transaction, the director owned 139,000 shares in the company, valued at $12,266,750. The trade was a 1.91% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 4.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. ACR Alpine Capital Research LLC raised its position in Thor Industries by 0.7% during the fourth quarter. ACR Alpine Capital Research LLC now owns 4,133,782 shares of the RV manufacturer’s stock valued at $424,415,000 after acquiring an additional 26,712 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Thor Industries by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,050,494 shares of the RV manufacturer’s stock valued at $313,201,000 after acquiring an additional 48,157 shares in the last quarter. Life Cycle Investment Partners Ltd purchased a new position in Thor Industries during the fourth quarter valued at approximately $255,482,000. Capital Research Global Investors raised its position in Thor Industries by 3.2% during the fourth quarter. Capital Research Global Investors now owns 1,581,876 shares of the RV manufacturer’s stock valued at $162,411,000 after acquiring an additional 48,466 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Thor Industries by 16.7% during the third quarter. American Century Companies Inc. now owns 1,362,071 shares of the RV manufacturer’s stock valued at $141,233,000 after acquiring an additional 195,357 shares in the last quarter. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

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.