Thor Industries (THO)

• Market cap: $3.66B
• 1 day: -0.68%
• 5 days: -1.48%
• 1 month: -13.24%
• 3 months: -33.79%
• 6 months: -37.82%
• Year to date: -27.40%
• 1 year: -32.27%
• 5 years: 31.01%
• 10 years: 10.34%
• Sector: Consumer Discretionary
• Industry: Recreational Vehicles

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 over 30 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 motorcaravans, campervans, urban vehicles, caravans, and other RV-related products and services. The company has also begun generating revenue through aftermarket component parts through 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 2023, the company wholesaled 187,015 units and generated over $11.1 billion in revenue.

Employees: 24,900

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

48% more call options, than puts

Call options by funds: $63.1M | Put options by funds: $42.7M

0.22% more ownership

Funds ownership: 100.07% [Q3] → 100.29% (+0.22%) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q3] → 2 (+0) [Q4]

5% less first-time investments, than exits

New positions opened: 56 | Existing positions closed: 59

7% less repeat investments, than reductions

Existing positions increased: 139 | Existing positions reduced: 149

2% less funds holding

Funds holding: 427 [Q3] → 417 (-10) [Q4]

12% less capital invested

Capital invested by funds: $5.81B [Q3] → $5.12B (-$694M) [Q4]

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $60 13% downside
• Avg. target: $85 24% upside
• High target: $125 82% upside

8 analyst ratings

• positive: 2 25%
• neutral: 4 50%
• negative: 2 25%

Keybanc Jackson Ader 50% 1-year accuracy 10 / 20 met price target	13% downside $60	Underweight Maintained	17 Apr 2025
Truist Securities Michael Swartz 2% 1-year accuracy 1 / 57 met price target	5% upside $72	Hold Maintained	14 Apr 2025
Baird Craig Kennison 21% 1-year accuracy 6 / 29 met price target	24% upside $85	Neutral Downgraded	4 Apr 2025
Keybanc Noah Zatzkin 24% 1-year accuracy 4 / 17 met price target	5% downside $65	Underweight Downgraded	20 Mar 2025
Citigroup James Hardiman 17% 1-year accuracy 5 / 29 met price target	25% upside $86	Neutral Downgraded	19 Mar 2025