Thor Industries, Inc. (NYSE:THO) Shares Sold by De Lisle Partners LLP

Key Points

• De Lisle Partners LLP reduced its holdings in Thor Industries, Inc. by 24.8%, now owning 17,455 shares valued at approximately $1.32 million.
• Thor Industries reported earnings of $2.53 per share, exceeding analyst expectations, and had a quarterly revenue of $2.89 billion, up 3.3% from the previous year.
• The company recently announced a quarterly dividend of $0.50 per share, representing a 2.10% yield and a dividend payout ratio of 47.96%.

De Lisle Partners LLP cut its stake in shares of Thor Industries, Inc. (NYSE:THO - Free Report) by 24.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,455 shares of the construction company's stock after selling 5,750 shares during the period. De Lisle Partners LLP's holdings in Thor Industries were worth $1,324,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of THO. UMB Bank n.a. lifted its position in Thor Industries by 135.6% during the first quarter. UMB Bank n.a. now owns 483 shares of the construction company's stock valued at $37,000 after purchasing an additional 278 shares in the last quarter. Brown Brothers Harriman & Co. lifted its position in shares of Thor Industries by 369.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company's stock valued at $40,000 after acquiring an additional 329 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Thor Industries by 96.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 805 shares of the construction company's stock valued at $61,000 after acquiring an additional 395 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Thor Industries in the fourth quarter valued at about $201,000. Finally, NBC Securities Inc. lifted its position in shares of Thor Industries by 135,500.0% in the first quarter. NBC Securities Inc. now owns 2,712 shares of the construction company's stock valued at $205,000 after acquiring an additional 2,710 shares in the last quarter. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Peter Busch Orthwein bought 3,000 shares of the stock in a transaction on Friday, June 20th. The stock was bought at an average price of $85.40 per share, for a total transaction of $256,200.00. Following the completion of the acquisition, the director directly owned 136,400 shares in the company, valued at approximately $11,648,560. This represents a 2.25% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.50% of the stock is currently owned by corporate insiders.

Thor Industries Trading Up 0.1%

Shares of THO traded up $0.09 during mid-day trading on Friday, reaching $91.08. 732,468 shares of the company's stock traded hands, compared to its average volume of 774,849. The stock has a market cap of $4.85 billion, a P/E ratio of 21.84, a P/E/G ratio of 1.91 and a beta of 1.21. The stock's 50-day moving average is $88.67 and its two-hundred day moving average is $86.77. Thor Industries, Inc. has a 12 month low of $63.15 and a 12 month high of $118.85. 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 - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The construction company reported $2.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.79 by $0.74. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.60 billion. Thor Industries had a return on equity of 6.15% and a net margin of 2.32%. Thor Industries's quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.13 earnings per share. Research analysts forecast that Thor Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

Thor Industries announced that its board has authorized a share 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 stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Thor Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were issued a dividend of $0.50 per share. The ex-dividend date was Tuesday, July 1st. This represents a $2.00 dividend on an annualized basis and a yield of 2.2%. Thor Industries's dividend payout ratio is currently 47.96%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on THO. Roth Capital set a $77.00 price objective on Thor Industries and gave the company a "neutral" rating in a research report on Monday, June 9th. DA Davidson upgraded Thor Industries to a "hold" rating in a research report on Monday, April 14th. Wall Street Zen upgraded Thor Industries from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. KeyCorp upgraded Thor Industries from an "underweight" rating to a "sector weight" rating in a research report on Friday. Finally, Truist Financial boosted their target price on Thor Industries from $72.00 to $78.00 and gave the stock a "hold" rating in a research report on Tuesday, June 3rd. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $87.63.

About Thor Industries

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.