Thor Industries, Inc. $THO Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in shares of Thor Industries, Inc. (NYSE:THO) by 2.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 416,678 shares of the RV manufacturer’s stock after selling 11,997 shares during the period. Bank of New York Mellon Corp owned about 0.79% of Thor Industries worth $33,288,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp boosted its stake in shares of Thor Industries by 433.3% in the first quarter. Jones Financial Companies Lllp now owns 7,061 shares of the RV manufacturer’s stock valued at $535,000 after purchasing an additional 5,737 shares during the period. United Services Automobile Association acquired a new stake in shares of Thor Industries in the first quarter valued at $269,000. Empowered Funds LLC purchased a new position in Thor Industries in the first quarter valued at $1,177,000. Focus Partners Wealth purchased a new position in Thor Industries in the first quarter valued at $255,000. Finally, Prudential Financial Inc. grew its stake in Thor Industries by 20.4% during the 2nd quarter. Prudential Financial Inc. now owns 5,534 shares of the RV manufacturer’s stock worth $491,000 after purchasing an additional 937 shares in the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on THO. BMO Capital Markets cut their price target on Thor Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. Roth Capital set a $78.00 price objective on Thor Industries in a research report on Thursday, June 4th. DA Davidson cut their target price on shares of Thor Industries from $100.00 to $80.00 and set a “neutral” rating on the stock in a research note on Monday, June 15th. Zacks Research cut shares of Thor Industries from a “hold” rating to a “strong sell” rating in a report on Friday, June 5th. Finally, Bank of America decreased their price target on shares of Thor Industries from $120.00 to $96.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. Three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $92.33.

Thor Industries Stock Performance

NYSE THO opened at $76.78 on Monday. The company has a fifty day moving average of $75.81 and a two-hundred day moving average of $87.62. The company has a market capitalization of $4.00 billion, a PE ratio of 33.24, a P/E/G ratio of 2.03 and a beta of 1.33. Thor Industries, Inc. has a 1 year low of $69.71 and a 1 year high of $122.83. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.71 and a quick ratio of 0.80.

Thor Industries (NYSE:THO) last posted its earnings results on Wednesday, June 3rd. The RV manufacturer reported $1.86 EPS 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 for the quarter, compared to analyst estimates of $2.67 billion. During the same quarter last year, the firm posted $2.53 EPS. The firm’s revenue for the quarter 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, analysts expect that Thor Industries, Inc. will post 3.2 earnings per share for the current year.

Thor Industries Announces Dividend

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