Cibc World Market Inc. Buys Shares of 17,438 Thor Industries, Inc. $THO

Key Points

• Cibc World Market Inc. acquired 17,438 shares of Thor Industries during the second quarter, valued at approximately $1.31 million. Institutional investors collectively own 96.71% of the RV manufacturer.
• Thor Industries reported quarterly revenue of $2.78 billion, ahead of estimates, but earnings of $1.86 per share narrowly missed expectations and revenue declined 3.9% year over year.
• The stock recently traded at $76.41, while analysts maintain a consensus “Hold” rating with an average price target of $92.33. The company also pays a quarterly dividend of $0.52, yielding about 2.7% annually.

Cibc World Market Inc. bought a new position in shares of Thor Industries, Inc. (NYSE:THO - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,438 shares of the RV manufacturer's stock, valued at approximately $1,311,000.

A number of other large investors also recently modified their holdings of the business. Allworth Financial LP acquired a new stake in Thor Industries during the second quarter worth about $26,000. Curio Wealth LLC bought a new position in Thor Industries in the fourth quarter worth about $36,000. Danske Bank A S bought a new position in Thor Industries in the third quarter worth about $41,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Thor Industries in the fourth quarter valued at approximately $51,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in Thor Industries in the second quarter valued at approximately $52,000. 96.71% of the stock is currently owned by institutional investors.

Thor Industries Trading Down 1.9%

Thor Industries stock opened at $76.41 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.71 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $76.78 and a two-hundred day moving average price of $81.62. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 33.08, a PEG ratio of 1.51 and a beta of 1.33. Thor Industries, Inc. has a 52-week low of $69.71 and a 52-week high of $122.83.

Thor Industries (NYSE:THO - Get Free Report) last posted its earnings results on Wednesday, June 3rd. The RV manufacturer reported $1.86 EPS 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 firm had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter last year, the company posted $2.53 EPS. Thor Industries'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. Sell-side analysts expect that Thor Industries, Inc. will post 3.22 earnings per share for the current year.

Thor Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, July 1st. Thor Industries's dividend payout ratio is 90.04%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Argus raised Thor Industries to a "hold" rating in a report on Friday, June 12th. Loop Capital raised their price target on Thor Industries from $90.00 to $96.00 and gave the stock a "buy" rating in a report on Thursday, June 4th. Citigroup reduced their price objective on Thor Industries from $80.00 to $79.00 and set a "neutral" rating for the company in a research report on Friday, July 24th. DA Davidson lowered their price objective on Thor Industries from $100.00 to $80.00 and set a "neutral" rating for the company in a research note on Monday, June 15th. Finally, Bank of America dropped their target price on Thor Industries from $120.00 to $96.00 and set a "buy" rating on the stock in a research report on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, Thor Industries currently has an average rating of "Hold" and an average price target of $92.33.

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.

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