Transaction details
According to a Form 4 filing with the Securities and Exchange Commission, director Peter Busch Orthwein purchased 2,600 shares of Thor Industries common stock on March 6, 2026. The shares were acquired at $88.25 each, bringing the purchase total to $229,450.
Context in the market
The insider purchase occurred while Thor Industries shares were trading at $85.89. Over the prior week the stock had declined by nearly 5%, and it is down approximately 16% year-to-date.
Orthwein's holdings
Following the acquisition, Orthwein's direct ownership in the company stands at 748,129 shares. The filing also details his indirect holdings through multiple trusts and accounts: 139,000 shares are held by the Peter Orthwein Irrevocable Trust; 70,570 shares are held for the account of his spouse; 300,000 shares are held by his grantor retained annuity trust; and additional holdings are maintained for the benefit of family members.
Valuation note
InvestingPro analysis referenced in the filing indicates that Thor Industries appears undervalued at current market levels, with a price-to-earnings ratio of 14.96. The filing notes that a comprehensive Pro Research Report for THO is available for subscribers, along with coverage of more than 1,400 other U.S. equities.
Earnings performance and guidance
Thor Industries reported second-quarter results that beat analyst expectations on key metrics. Adjusted EBITDA was $98 million, which exceeded the consensus estimate of $87 million by roughly 13%. Quarterly revenues were $2.126 billion, up 5% year-over-year and about 8% higher than the consensus estimate of $1.970 billion.
Despite the upside on the headline numbers, the company issued guidance that fell short of Wall Street forecasts. That shortfall contributed to a modest decline in the stock during after-hours trading following the release.
Analyst reaction
Analyst responses to the earnings and guidance were mixed. Benchmark reiterated a Hold rating, citing macroeconomic uncertainties despite the stronger-than-expected results. DA Davidson kept a Neutral rating and lowered its price target to $100, citing sluggish demand. BMO Capital adjusted its price target to $125, attributing the revision to weather impacts and shifting dealer ordering patterns. Truist Securities reiterated a Hold rating and set a $112 price target after the earnings beat. These actions reflect a range of views on near-term demand and the company's outlook.
This article presents the transaction and related market context without offering investment advice.