Thor Industries, Inc. $THO Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP boosted its stake in shares of Thor Industries, Inc. (NYSE:THO) by 3,724.8% in the first quarter, Holdings Channel reports. The fund owned 30,675 shares of the construction company’s stock after purchasing an additional 29,873 shares during the period. Quantbot Technologies LP’s holdings in Thor Industries were worth $2,325,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Northern Trust Corp lifted its position in Thor Industries by 2.7% during the 1st quarter. Northern Trust Corp now owns 503,036 shares of the construction company’s stock worth $38,135,000 after acquiring an additional 13,172 shares during the period. American Century Companies Inc. raised its stake in shares of Thor Industries by 6.5% during the 1st quarter. American Century Companies Inc. now owns 999,819 shares of the construction company’s stock worth $75,796,000 after buying an additional 60,673 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Thor Industries by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,959,547 shares of the construction company’s stock worth $224,364,000 after buying an additional 29,012 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its stake in shares of Thor Industries by 112.3% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 63,800 shares of the construction company’s stock worth $4,837,000 after buying an additional 33,752 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of Thor Industries during the 1st quarter worth approximately $8,627,000. 96.71% of the stock is owned by institutional investors and hedge funds.

Thor Industries Stock Performance

NYSE THO opened at $105.62 on Thursday. Thor Industries, Inc. has a 1-year low of $63.15 and a 1-year high of $118.85. The company has a market capitalization of $5.62 billion, a P/E ratio of 25.33, a PEG ratio of 2.16 and a beta of 1.21. The business has a 50 day moving average price of $93.37 and a 200 day moving average price of $86.60. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.71 and a quick ratio of 0.90.

Thor Industries (NYSE:THO) last released its quarterly earnings data on Wednesday, June 4th. The construction company reported $2.53 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.74. Thor Industries had a return on equity of 6.15% and a net margin of 2.32%.The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same period last year, the business posted $2.13 EPS. Thor Industries’s quarterly revenue was up 3.3% on a year-over-year basis. Thor Industries has set its FY 2025 guidance at 3.300-4.000 EPS. Sell-side analysts expect that Thor Industries, Inc. will post 4.64 EPS for the current fiscal year.

Thor Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $2.00 annualized dividend and a yield of 1.9%. Thor Industries’s dividend payout ratio (DPR) is presently 47.96%.

Thor Industries declared that its board has authorized a stock repurchase program on Monday, June 23rd that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the construction company to reacquire up to 8.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. KeyCorp raised Thor Industries from an “underweight” rating to a “sector weight” rating in a research note on Friday, August 1st. Wall Street Zen raised Thor Industries from a “sell” rating to a “hold” rating in a research note on Friday, June 6th. Citigroup reissued a “neutral” rating and set a $100.00 target price (up from $88.00) on shares of Thor Industries in a research note on Tuesday, August 12th. Roth Capital set a $77.00 target price on Thor Industries and gave the stock a “neutral” rating in a research note on Monday, June 9th. Finally, Truist Financial increased their target price on Thor Industries from $72.00 to $78.00 and gave the stock a “hold” rating in a research note on Tuesday, June 3rd. Two analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $89.38.

Insiders Place Their Bets

In related news, Director Peter Busch Orthwein purchased 3,000 shares of the company’s stock in a transaction on Friday, June 20th. The stock was bought at an average price of $85.40 per share, with a total value of $256,200.00. Following the completion of the transaction, the director owned 136,400 shares of the company’s stock, valued at approximately $11,648,560. This represents a 2.25% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.50% of the company’s stock.

Thor Industries Company Profile

THOR Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.