Madison Investments' Mid Cap Fund reported that Thor Industries was among the bottom five detractors in the first quarter of 2026, as rising oil prices and interest rates tied to the Iran war weighed on recreational vehicle sales. The fund's Class I shares declined 4.28% during the quarter, underperforming the Russell Midcap Index's 1.29% return. The market rotated toward heavy-asset, low-obsolescence businesses, benefiting energy and materials sectors but challenging the fund due to limited exposure. Thor Industries shares lost 13.10% over the past 52 weeks and closed at $78.92 on June 29, 2026, with a market capitalization of $4.11 billion.
Thor Industries IncRising oil prices and interest rates hurt recreational vehicle sales, reducing demand for Thor's products.