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 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
50% more funds holding in top 10
Funds holding in top 10: 2 [Q4 2024] → 3 (+1) [Q1 2025]
1.93% more ownership
Funds ownership: 100.53% [Q4 2024] → 102.46% (+1.93%) [Q1 2025]
9% more call options, than puts
Call options by funds: $42.8M | Put options by funds: $39.3M
4% less repeat investments, than reductions
Existing positions increased: 140 | Existing positions reduced: 146
5% less funds holding
Funds holding: 419 [Q4 2024] → 400 (-19) [Q1 2025]
19% less capital invested
Capital invested by funds: $5.12B [Q4 2024] → $4.13B (-$988M) [Q1 2025]
20% less first-time investments, than exits
New positions opened: 56 | Existing positions closed: 70
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Roth Capital Scott Stember | 18%downside $77 | Neutral Maintained | 9 Jun 2025 |
Truist Securities Michael Swartz | 8%downside $86 | Hold Maintained | 5 Jun 2025 |
Keybanc Noah Zatzkin | 31%downside $65 | Underweight Maintained | 30 May 2025 |
Financial journalist opinion
Based on 4 articles about THO published over the past 30 days
