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 Q3 regulatory filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 2 (+1) [Q3]
31% more first-time investments, than exits
New positions opened: 71 | Existing positions closed: 54
20% more capital invested
Capital invested by funds: $4.84B [Q2] → $5.81B (+$974M) [Q3]
4% more funds holding
Funds holding: 407 [Q2] → 424 (+17) [Q3]
2.72% more ownership
Funds ownership: 97.35% [Q2] → 100.07% (+2.72%) [Q3]
6% more repeat investments, than reductions
Existing positions increased: 148 | Existing positions reduced: 140
49% less call options, than puts
Call options by funds: $77.8M | Put options by funds: $151M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
DA Davidson Brandon Rolle 33% 1-year accuracy 3 / 9 met price target | 2%downside $95 | Neutral Maintained | 30 Sept 2024 |
Citigroup James Hardiman 46% 1-year accuracy 11 / 24 met price target | 27%upside $124 | Buy Maintained | 26 Sept 2024 |
Financial journalist opinion
Based on 8 articles about THO published over the past 30 days
