Dimensional Fund Advisors LP Grows Position in Thor Industries, Inc. $THO

Key Points

• Dimensional Fund Advisors LP increased its stake in Thor Industries by 1.0% during the first quarter, owning approximately 5.56% of the company, valued at $224 million.
• Thor Industries reported strong quarterly results, beating EPS estimates with $2.53 compared to a consensus of $1.79, and had $2.89 billion in revenue.
• The company declared a quarterly dividend of $0.50 and approved a $400 million stock buyback plan, suggesting the board believes the stock is undervalued.

Dimensional Fund Advisors LP increased its holdings in shares of Thor Industries, Inc. (NYSE:THO - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,959,547 shares of the construction company's stock after purchasing an additional 29,012 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.56% of Thor Industries worth $224,364,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its stake in Thor Industries by 135.6% during the first quarter. UMB Bank n.a. now owns 483 shares of the construction company's stock worth $37,000 after purchasing an additional 278 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Thor Industries by 96.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 805 shares of the construction company's stock worth $61,000 after purchasing an additional 395 shares during the last quarter. Oxford Asset Management LLP purchased a new stake in Thor Industries during the fourth quarter worth approximately $217,000. Neo Ivy Capital Management lifted its stake in Thor Industries by 11.7% during the fourth quarter. Neo Ivy Capital Management now owns 2,451 shares of the construction company's stock worth $234,000 after purchasing an additional 257 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in Thor Industries by 7.2% during the fourth quarter. ProShare Advisors LLC now owns 2,485 shares of the construction company's stock worth $238,000 after purchasing an additional 166 shares during the last quarter. Hedge funds and other institutional investors own 96.71% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on THO. 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 note on Tuesday, June 3rd. Roth Capital set a $77.00 price objective on Thor Industries and gave the company a "neutral" rating in a research note on Monday, June 9th. Citigroup reiterated a "neutral" rating and issued a $100.00 price objective (up previously from $88.00) on shares of Thor Industries in a research note on Tuesday, August 12th. KeyCorp upgraded Thor Industries from an "underweight" rating to a "sector weight" rating in a research note on Friday, August 1st. Finally, Wall Street Zen upgraded Thor Industries from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Two equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $89.38.

Thor Industries Stock Performance

Shares of Thor Industries stock traded up $6.6230 during trading hours on Friday, hitting $111.6430. 997,862 shares of the company were exchanged, compared to its average volume of 765,625. Thor Industries, Inc. has a 1 year low of $63.15 and a 1 year high of $118.85. The company has a current ratio of 1.71, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average of $94.21 and a 200-day moving average of $86.59. The stock has a market capitalization of $5.94 billion, a price-to-earnings ratio of 26.77, a P/E/G ratio of 2.24 and a beta of 1.21.

Thor Industries (NYSE:THO - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The construction company reported $2.53 EPS for the quarter, topping 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 business had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.60 billion. During the same quarter in the prior year, the business earned $2.13 earnings per share. The company's quarterly revenue was up 3.3% compared to the same quarter last year. Thor Industries has set its FY 2025 guidance at 3.300-4.000 EPS. As a group, 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. Stockholders of record on Tuesday, July 1st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Tuesday, July 1st. Thor Industries's dividend payout ratio 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.

Insider Activity at Thor Industries

In related news, Director Peter Busch Orthwein purchased 3,000 shares of the business's stock in a transaction dated Friday, June 20th. The stock was acquired at an average price of $85.40 per share, for a total transaction of $256,200.00. Following the completion of the purchase, the director directly owned 136,400 shares of the company's stock, valued at $11,648,560. This trade represents a 2.25% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.50% of the stock is 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.