Hotchkis & Wiley Capital Management LLC Makes New $7.45 Million Investment in Thor Industries, Inc. $THO

Key Points

• Hotchkis & Wiley Capital Management LLC has acquired 98,330 shares of Thor Industries, Inc., valued at approximately $7.45 million, representing about 0.18% ownership of the company.
• Thor Industries reported an earnings per share (EPS) of $2.53 for the last quarter, exceeding expectations and achieving a revenue of $2.89 billion, which is a 3.3% increase from the previous year.
• The company also announced a $400 million stock repurchase plan, indicating management's belief that the shares are undervalued, along with a quarterly dividend of $0.50 per share.

Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Thor Industries, Inc. (NYSE:THO - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 98,330 shares of the construction company's stock, valued at approximately $7,454,000. Hotchkis & Wiley Capital Management LLC owned about 0.18% of Thor Industries at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of THO. UMB Bank n.a. grew its position in shares of Thor Industries by 135.6% in the 1st quarter. UMB Bank n.a. now owns 483 shares of the construction company's stock valued at $37,000 after buying an additional 278 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of Thor Industries by 96.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 805 shares of the construction company's stock valued at $61,000 after buying an additional 395 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Thor Industries by 336.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 785 shares of the construction company's stock valued at $61,000 after buying an additional 605 shares during the last quarter. NBC Securities Inc. grew its position in shares of Thor Industries by 135,500.0% in the 1st quarter. NBC Securities Inc. now owns 2,712 shares of the construction company's stock valued at $205,000 after buying an additional 2,710 shares during the last quarter. Finally, Oxford Asset Management LLP purchased a new position in shares of Thor Industries in the 4th quarter valued at $217,000. 96.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on THO shares. Wall Street Zen raised shares of Thor Industries from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. KeyCorp upgraded shares of Thor Industries from an "underweight" rating to a "sector weight" rating in a research report on Friday, August 1st. Citigroup reiterated a "neutral" rating and issued a $100.00 price target (up previously from $88.00) on shares of Thor Industries in a research report on Tuesday, August 12th. Truist Financial upped their price target on shares of Thor Industries from $72.00 to $78.00 and gave the company a "hold" rating in a research report on Tuesday, June 3rd. Finally, Roth Capital set a $77.00 price target on shares of Thor Industries and gave the company a "neutral" rating in a research report on Monday, June 9th. Two investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Thor Industries has a consensus rating of "Hold" and a consensus price target of $89.38.

Thor Industries Stock Performance

NYSE:THO traded up $1.15 during midday trading on Wednesday, reaching $110.41. The stock had a trading volume of 642,522 shares, compared to its average volume of 807,152. The firm has a fifty day simple moving average of $95.63 and a two-hundred day simple moving average of $86.89. Thor Industries, Inc. has a 12-month low of $63.15 and a 12-month high of $118.85. The company has a quick ratio of 0.90, a current ratio of 1.71 and a debt-to-equity ratio of 0.24. The stock has a market cap of $5.87 billion, a P/E ratio of 26.48, a P/E/G ratio of 2.19 and a beta of 1.21.

Thor Industries (NYSE:THO - Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The construction company reported $2.53 earnings per share for the quarter, beating analysts' consensus estimates of $1.79 by $0.74. Thor Industries had a net margin of 2.32% and a return on equity of 6.15%. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same period last year, the firm 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. On average, equities analysts expect that Thor Industries, Inc. will post 4.64 EPS for the current year.

Thor Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Tuesday, July 1st. Thor Industries's dividend payout ratio (DPR) is 47.96%.

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

Insiders Place Their Bets

In other news, Director Peter Busch Orthwein acquired 3,000 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were purchased at an average cost of $85.40 per share, for a total transaction of $256,200.00. Following the transaction, the director directly owned 136,400 shares in the company, valued at approximately $11,648,560. This represents a 2.25% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 4.50% of the stock is currently owned by company insiders.

Thor Industries 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.