Thor Industries
About: Based in Elkhart, Indiana, Thor Industries manufactures Class A, Class B, and Class C motor homes along with travel trailers and fifth-wheel towables across about 35 brands. Through the acquisition of Erwin Hymer in 2019, the company expanded its geographic footprint and now produces various motorized and towable recreational vehicles for Europe, including motor caravans, camper vans, urban vehicles, caravans, and other RV-related products and services. The company has also begun generating revenue through aftermarket component parts via the acquisition of Airxcel in 2021; however, this is still a nascent part of the business as it accounts for less than 10% of total sales. In fiscal 2024, the company wholesaled 186,908 units and generated over $10 billion in revenue.
Employees: 22,300
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
31% more call options, than puts
Call options by funds: $78.1M | Put options by funds: $59.7M
0% less funds holding
Funds holding: 407 [Q1] → 406 (-1) [Q2]
1% less first-time investments, than exits
New positions opened: 67 | Existing positions closed: 68
1.12% less ownership
Funds ownership: 97.68% [Q1] → 96.56% (-1.12%) [Q2]
10% less repeat investments, than reductions
Existing positions increased: 133 | Existing positions reduced: 148
20% less capital invested
Capital invested by funds: $6.01B [Q1] → $4.8B (-$1.21B) [Q2]
80% less funds holding in top 10
Funds holding in top 10: 5 [Q1] → 1 (-4) [Q2]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
DA Davidson Brandon Rolle 63% 1-year accuracy 5 / 8 met price target | 17%downside $95 | Neutral Maintained | 30 Sept 2024 |
Citigroup James Hardiman 74% 1-year accuracy 14 / 19 met price target | 9%upside $124 | Buy Maintained | 26 Sept 2024 |
Truist Securities Michael Swartz 35% 1-year accuracy 17 / 49 met price target | 8%downside $105 | Hold Maintained | 20 Sept 2024 |
BMO Capital Tristan Thomas-Martin 100% 1-year accuracy 2 / 2 met price target | 5%upside $120 | Outperform Maintained | 19 Sept 2024 |
Financial journalist opinion
Based on 14 articles about THO published over the past 30 days