Bank of America Corp DE Purchases 124,585 Shares of Thor Industries, Inc. $THO

Key Points

• Bank of America increased its Thor Industries stake by 190.8% in the first quarter, purchasing 124,585 additional shares and bringing its holdings to 189,887 shares valued at approximately $15.17 million.
• Analyst sentiment remains mixed, with Thor Industries carrying a consensus “Hold” rating and an average price target of $92.33. The stock recently opened at $78.74, well below its 52-week high of $122.83.
• Thor reported quarterly revenue of $2.78 billion, exceeding estimates, but earnings per share of $1.86 narrowly missed expectations and revenue declined 3.9% year over year. The company pays a quarterly dividend of $0.52, equivalent to a 2.6% annual yield.

Bank of America Corp DE raised its holdings in shares of Thor Industries, Inc. (NYSE:THO - Free Report) by 190.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 189,887 shares of the RV manufacturer's stock after purchasing an additional 124,585 shares during the period. Bank of America Corp DE owned 0.36% of Thor Industries worth $15,170,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp increased its holdings in 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 last quarter. United Services Automobile Association bought a new position in Thor Industries during the first quarter worth about $269,000. Empowered Funds LLC acquired a new position in shares of Thor Industries during the 1st quarter worth about $1,177,000. Focus Partners Wealth acquired a new position in shares of Thor Industries during the 1st quarter worth about $255,000. Finally, Prudential Financial Inc. increased its stake in shares of Thor Industries by 20.4% in the 2nd quarter. Prudential Financial Inc. now owns 5,534 shares of the RV manufacturer's stock valued at $491,000 after acquiring an additional 937 shares during the last quarter. Institutional investors own 96.71% of the company's stock.

Wall Street Analyst Weigh In

THO has been the topic of several recent analyst reports. Zacks Research lowered shares of Thor Industries from a "hold" rating to a "strong sell" rating in a research note on Friday, June 5th. DA Davidson lowered their target price on shares of Thor Industries from $100.00 to $80.00 and set a "neutral" rating for the company in a research note on Monday, June 15th. Loop Capital increased their target price on shares of Thor Industries from $90.00 to $96.00 and gave the stock a "buy" rating in a report on Thursday, June 4th. Wall Street Zen cut shares of Thor Industries from a "hold" rating to a "sell" rating in a research report on Saturday, June 6th. Finally, Citigroup decreased their price target on shares of Thor Industries from $80.00 to $79.00 and set a "neutral" rating for the company in a report on Friday, July 24th. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Thor Industries has a consensus rating of "Hold" and an average price target of $92.33.

Thor Industries Stock Down 1.7%

NYSE:THO opened at $78.74 on Friday. The stock has a 50-day simple moving average of $76.38 and a 200 day simple moving average of $83.01. Thor Industries, Inc. has a 52-week low of $69.71 and a 52-week high of $122.83. The company has a market cap of $4.10 billion, a PE ratio of 34.09, a PEG ratio of 1.56 and a beta of 1.33. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.80 and a current ratio of 1.71.

Thor Industries (NYSE:THO - Get Free Report) last issued its quarterly earnings results on Wednesday, June 3rd. The RV manufacturer reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.02). Thor Industries had a return on equity of 5.74% and a net margin of 2.67%.The business had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same period in the prior year, the business earned $2.53 earnings per share. Thor Industries's revenue was down 3.9% compared to the same quarter last year. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. On average, sell-side analysts expect that Thor Industries, Inc. will post 3.22 EPS for the current fiscal year.

Thor Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were given a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.6%. Thor Industries's payout ratio is currently 90.04%.

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.

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