Thor Industries (THO)

• Market cap: $3.85B
• 1 day: -2.48%
• 5 days: 0.19%
• 1 month: -4.47%
• 3 months: -31.28%
• 6 months: -32.10%
• Year to date: -23.37%
• 1 year: -27.16%
• 5 years: 9.40%
• 10 years: 20.36%
• 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 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 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 17% downside
• Avg. target: $85 17% upside
• High target: $125 73% upside

8 analyst ratings

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

Keybanc Jackson Ader 65% 1-year accuracy 13 / 20 met price target	17% downside $60	Underweight Maintained	17 Apr 2025
Truist Securities Michael Swartz 16% 1-year accuracy 9 / 55 met price target	1% downside $72	Hold Maintained	14 Apr 2025
Baird Craig Kennison 15% 1-year accuracy 4 / 27 met price target	17% upside $85	Neutral Downgraded	4 Apr 2025
Keybanc Noah Zatzkin 25% 1-year accuracy 4 / 16 met price target	10% downside $65	Underweight Downgraded	20 Mar 2025
Citigroup James Hardiman 24% 1-year accuracy 7 / 29 met price target	19% upside $86	Neutral Downgraded	19 Mar 2025