Jupiter Topco LLC Makes New Investment in Thor Industries, Inc. $THO

Key Points

• Jupiter Topco LLC acquired 280,732 shares of Thor Industries during the second quarter, valued at approximately $21.1 million and representing about 0.54% of the company. Institutional investors and hedge funds collectively own 96.71% of THO.
• Analyst sentiment remains mixed but leans toward a “Hold” consensus, with three Buy ratings and eleven Hold ratings and an average price target of $92.33.
• Thor Industries reported quarterly revenue of $2.78 billion, above estimates, but earnings per share of $1.86 narrowly missed expectations and revenue declined 3.9% year over year. The company also pays a $0.52 quarterly dividend, equivalent to a 2.7% yield.

Jupiter Topco LLC acquired a new stake in Thor Industries, Inc. (NYSE:THO - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 280,732 shares of the RV manufacturer's stock, valued at approximately $21,098,000. Jupiter Topco LLC owned approximately 0.54% of Thor Industries as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of THO. Jones Financial Companies Lllp boosted its stake in Thor Industries by 433.3% during the 1st 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 position in shares of Thor Industries in the 1st quarter valued at $269,000. Empowered Funds LLC bought a new stake in shares of Thor Industries in the 1st quarter valued at approximately $1,177,000. Focus Partners Wealth acquired a new position in Thor Industries during the first quarter worth $255,000. Finally, Prudential Financial Inc. grew its holdings 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 worth $491,000 after purchasing an additional 937 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on THO shares. Argus raised Thor Industries to a "hold" rating in a report on Friday, June 12th. Zacks Research upgraded Thor Industries from a "strong sell" rating to a "hold" rating in a report on Monday, August 24th. BMO Capital Markets lowered their target price on shares of Thor Industries from $120.00 to $110.00 and set an "outperform" rating for the company in a report on Thursday, June 4th. Loop Capital upped their price target on Thor Industries from $90.00 to $96.00 and gave the company a "buy" rating in a research note on Thursday, June 4th. Finally, Wall Street Zen lowered shares of Thor Industries from a "hold" rating to a "sell" rating in a report on Saturday, June 6th. Three investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $92.33.

Thor Industries Stock Performance

Shares of Thor Industries stock opened at $77.01 on Friday. Thor Industries, Inc. has a one year low of $69.71 and a one 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. The stock's 50-day moving average is $76.88 and its 200-day moving average is $81.58. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 33.34, a price-to-earnings-growth ratio of 1.48 and a beta of 1.33.

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). The business had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.67 billion. Thor Industries had a return on equity of 5.74% and a net margin of 2.67%.Thor Industries's revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.53 earnings per share. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. Equities analysts predict that Thor Industries, Inc. will post 3.22 earnings per share for the current fiscal year.

Thor Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Wednesday, July 1st. Thor Industries's dividend payout ratio (DPR) is currently 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.

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