Thor Industries (NYSE:THO) Releases Quarterly Earnings Results, Beats Estimates By $0.52 EPS

Thor Industries (NYSE:THO) reported quarterly earnings of $0.41 per share, surpassing the consensus estimate of ($0.11) by $0.52. The company's revenue for the quarter was $2.39 billion, up 11.5% year-over-year. Thor Industries also increased its quarterly dividend to $0.52 per share. The stock's performance saw a decline, trading at $100.03. Several institutional investors have adjusted their positions in the company. Analysts have set a consensus target price of $104.67 with a 'Hold' rating.

Thor Industries (NYSE:THO - Get Free Report) issued its quarterly earnings data on Wednesday. The RV manufacturer reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.52, RTT News reports. Thor Industries had a net margin of 2.70% and a return on equity of 6.96%. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same period last year, the firm posted ($0.03) EPS. Thor Industries's revenue for the quarter was up 11.5% on a year-over-year basis. Thor Industries updated its FY 2026 guidance to 3.750-4.250 EPS.

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Thor Industries Stock Performance

Shares of Thor Industries stock traded down $10.18 during trading hours on Wednesday, hitting $100.03. 1,845,973 shares of the company's stock traded hands, compared to its average volume of 742,698. Thor Industries has a 12-month low of $63.15 and a 12-month high of $117.09. The company has a fifty day simple moving average of $104.16 and a 200-day simple moving average of $98.31. The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of 23.99, a PEG ratio of 1.87 and a beta of 1.32. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 0.90.

Thor Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Thursday, October 23rd were paid a $0.52 dividend. This is a boost from Thor Industries's previous quarterly dividend of $0.50. The ex-dividend date was Thursday, October 23rd. This represents a $2.08 dividend on an annualized basis and a yield of 2.1%. Thor Industries's dividend payout ratio is currently 49.88%.

Institutional Investors Weigh In On Thor Industries

Several large investors have recently added to or reduced their stakes in the company. Quantinno Capital Management LP grew its position in shares of Thor Industries by 173.2% in the second quarter. Quantinno Capital Management LP now owns 85,090 shares of the RV manufacturer's stock valued at $7,557,000 after purchasing an additional 53,942 shares in the last quarter. AQR Capital Management LLC grew its position in Thor Industries by 243.9% in the second quarter. AQR Capital Management LLC now owns 47,005 shares of the RV manufacturer's stock worth $4,138,000 after acquiring an additional 33,338 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Thor Industries by 5.0% in the second quarter. Ameriprise Financial Inc. now owns 83,752 shares of the RV manufacturer's stock worth $7,438,000 after buying an additional 4,004 shares in the last quarter. Brevan Howard Capital Management LP raised its stake in shares of Thor Industries by 760.0% during the second quarter. Brevan Howard Capital Management LP now owns 23,985 shares of the RV manufacturer's stock worth $2,130,000 after acquiring an additional 21,196 shares in the last quarter. Finally, Benjamin Edwards Inc. bought a new position in Thor Industries during the 2nd quarter worth approximately $217,000. Hedge funds and other institutional investors own 96.71% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on THO. Robert W. Baird lifted their target price on shares of Thor Industries from $90.00 to $110.00 and gave the company a "neutral" rating in a research note on Thursday, September 25th. Loop Capital started coverage on Thor Industries in a research note on Friday, October 31st. They set a "hold" rating and a $110.00 price objective on the stock. Raymond James Financial upgraded shares of Thor Industries from an "underperform" rating to a "market perform" rating in a research note on Monday, October 27th. Citigroup cut their price target on Thor Industries from $122.00 to $117.00 and set a "neutral" rating for the company in a report on Wednesday, October 8th. Finally, Roth Capital set a $93.00 price target on shares of Thor Industries and gave the company a "neutral" rating in a report on Wednesday, September 17th. Two analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, Thor Industries currently has a consensus rating of "Hold" and a consensus target price of $104.67.

Check Out Our Latest Analysis on THO

About Thor Industries

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THOR Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.

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