Additionally, a detailed Q&A is issued quarterly and available on our website. According to 8 analysts, the average rating for THO stock is “Hold.” The 12-month stock price forecast is $92.57, which is a decrease of -13.39% from the latest price. Over the next decade, until his death in 1962, Byam continued to refine the Airstream design, and his company prospered. Putting into practice his mission “to refine and perfect our product by continuous travel-testing of the highways and byways of the world,” he led a group of Airstream drivers through remote areas of Central America in 1951. This was the first of many such caravans that he and other Airstream enthusiasts made to Africa, Europe, the Soviet Union, China, Australia, New Zealand, and more. Intrepid travelers, organized as the Wally Byam Caravan Club International, would continue to explore the world in their Airstreams through the 1990s.
Thompson and Orthwein, who retained control of the company, planned to continue to seek acquisition opportunities in recreational vehicles, buses, and related industries. THOR Industries was founded in 1980 by Wade Thompson and Peter Orthwein with the purchase of Airstream. Thor Industries is a manufacturer of towable and motorized recreational vehicles. Some industry observers agreed with Thor executives that, as baby boomers move into their 50s and 60s—the target recreational vehicle demographic—sales would enjoy significant growth. They pointed out that, between 2000 and 2005, four million people, or 11,000 potential new buyers each day, would turn 50. Meanwhile, Thompson and Orthwein continued to make strategic acquisitions on the recreational vehicle side.
Airstream’s reputation for quality solidified the company’s existence, and the company continued to thrive following the death of its founder in 1962. Its design excellence placed it at the forefront anywhere trailers were required, and the vehicle proved easily adaptable to government and military needs. Specially equipped Airstream trailers, for example, were set up around the vast White Sands missile range to provide a temporary office for President John F. Kennedy when he visited the site. When astronauts Neil Armstrong, Mike Collins, and Ed Aldrin returned from the first lunar landing in 1969, they were quarantined in a specially designed Airstream Mobile Quarantine Facility aboard the U.S.S Hornet.
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THOR Industries, Inc. designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. It also provides aluminum extrusion and specialized component products to RV and other manufacturers; and digital products and services for RVs. The company provides its products through independent and non-franchise dealers. THOR Industries, Inc. was incorporated in 1980 and is based in Elkhart, Indiana.
The company provides travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes. It also provides aluminum extrusion and specialized component products to RV and other manufacturers. THOR Industries, Inc. is a manufacturer of recreational vehicles (RVs). Its segments include North American Towable Recreational Vehicles, North American Motorized Recreational Vehicles and European Recreational Vehicles.
Thor Industries Inc THO.s
In 1936, the Airstream Trailer Co. introduced the famous Clipper model, named after the Pan Am Clipper, the first transatlantic plane to carry people in numbers. With the capacity to sleep four, the bullet-shaped Clipper had a shiny, riveted aluminum body, carried its own water supply, featured an enclosed galley, and was fitted with electric lights. Even with a $1,200 https://currency-trading.org/software-development/top-6-front-end-development-courses-with/ price tag—very expensive during the Depression—the meticulously constructed Airstream was a winner. Of more than 300 travel trailer companies in operation in 1936, Byam’s company was the only one to survive. As it entered 2001, Thor believed that the $8 billion recreational vehicle industry, which included about 75 manufacturers, would continue to consolidate.
- We do not offer a dividend reinvestment or direct stock purchase plan, however our transfer agent, Computershare may offer a plan.
- This repurchase authorization authorizes the company to reacquire up to 4.3% of its shares through open market purchases.
- Thor Industries also uses first (ex. ) and first [1 letter] + last (ex. ) as email structures.
- Cruise America, the largest of these operators, agreed to make Four Winds its primary supplier after Thor provided financing so that Cruise America’s former owners could repurchase their company.
Moreover, parent Beatrice was struggling to manage its vast holdings and remain profitable. A new CEO in 1980, James Dutt, began selling off non-core companies, and those that could not provide Beatrice with at least a 20 percent return on net assets. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
We announce dates for our quarterly earnings reports approximately one month in advance of their release. The annual meeting of shareholders is held in December of each year, on a date announced in our notice of annual meeting and proxy statement.
In 1995, Thor introduced the lightweight Aerolite, a laminated, aerodymanic European-style travel trailer. Sold at an affordable price, the Aerolite proved ideal for towing behind smaller cars as well as mini-vans and sports-utility vehicles. Thor California started up in 1995 with the introduction of two new lines of travel trailers and fifth wheel https://forex-world.net/brokers/the-institutional-crypto-currency-exchange/ vehicles, Tahoe and Wanderer. In less than five years, Tahoe or Wanderer had become the best-selling vehicle of its kind in Colorado, Arizona, Nevada, New Mexico, and Alberta, Canada. When Wade F.B. Thompson and Peter B. Orthwein purchased Airstream in 1980, they had been involved in the recreational vehicle business for only three years.
- Acquisitions aside, Thor was also cultivating a sense of civic responsibility as part of its corporate culture.
- Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
- Byam’s tiny home-based business survived the stock market crash of 1929, and by 1930 he had abandoned magazine publishing to build travel trailers full time.
- Thor California started up in 1995 with the introduction of two new lines of travel trailers and fifth wheel vehicles, Tahoe and Wanderer.
- Beatrice made Airstream a division, allowing it, however, to operate autonomously.
- Intrepid travelers, organized as the Wally Byam Caravan Club International, would continue to explore the world in their Airstreams through the 1990s.
Later, he started a number of magazines, one of which published an article on how to build a travel trailer. When readers wrote to complain that their homemade trailer projects had failed, Byam tested the directions himself and found that they were, indeed, defective. 7 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for THOR Industries in the last twelve months. The consensus among Wall Street analysts is that investors should “hold” THO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in THO, but not buy additional shares or sell existing shares.