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NEW YORK - Thor Industries, Inc. (NYSE:THO), currently trading at $86.92 and showing strong financial health according to InvestingPro analysis, announced today that its Board of Directors has authorized a new $400 million share repurchase program, replacing the previous authorization that was set to expire on July 31, 2025.
The new buyback authorization will remain in effect until July 31, 2027. Under the program, the recreational vehicle manufacturer may purchase shares through open market transactions, privately negotiated deals, or other means at the company’s discretion.
The timing and volume of repurchases will depend on market conditions, cash availability, and other investment opportunities, according to the company’s statement.
Thor Industries President and CEO Bob Martin said the company has repurchased over 3.5 million shares since initiating its buyback program in December 2021. Since June 6, when the company’s trading window opened, Thor has repurchased more than 340,000 shares.
"This decision reflects our unwavering commitment to enhancing shareholder value," Martin said in the press release.
Thor Industries, which describes itself as the world’s largest recreational vehicle manufacturer, has demonstrated ability to generate cash even during market downturns, according to the company statement.
The announcement comes as the recreational vehicle industry continues to navigate market fluctuations following the pandemic-era boom in outdoor recreation and RV sales.
The information in this article is based on a press release issued by Thor Industries.
In other recent news, Thor Industries reported robust fiscal third-quarter 2025 results that exceeded expectations. Despite the positive performance, the company maintained its fiscal year 2025 guidance, indicating a cautious approach amid ongoing macroeconomic uncertainties. Analysts at BMO Capital reiterated an Outperform rating, highlighting Thor’s leverage in its business model, while Citi increased its price target to $88, maintaining a Neutral rating due to affordability challenges. KeyBanc analysts maintained an Underweight rating with a price target of $65, citing the company’s cautious outlook for fiscal 2026 and a challenging retail environment. Truist Securities raised its price target to $86, maintaining a Hold rating, acknowledging stable retail trends but expressing concern over market share losses. Thor Industries also announced a quarterly dividend of $0.50 per share, demonstrating its commitment to returning value to shareholders. These developments reflect the complexities Thor faces in navigating a challenging market landscape.
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