4,906 Shares in Thor Industries, Inc. $THO Acquired by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd has acquired a stake in Thor Industries, purchasing 4,906 shares valued at approximately $372,000 during the 1st quarter.
• A significant number of institutional investors have increased their holdings in Thor Industries, with notable additions from ACR Alpine Capital Research LLC and Southpoint Capital Advisors LP.
• Thor Industries announced a stock buyback program allowing for the repurchase of up to $400 million in outstanding shares, reflecting management's belief that the company's stock is currently undervalued.

Dynamic Technology Lab Private Ltd purchased a new stake in Thor Industries, Inc. (NYSE:THO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 4,906 shares of the construction company's stock, valued at approximately $372,000.

Other large investors have also recently bought and sold shares of the company. UMB Bank n.a. raised its holdings in 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 acquiring an additional 278 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in 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 acquiring an additional 395 shares during the period. Smartleaf Asset Management LLC raised its holdings in 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 acquiring an additional 605 shares during the period. Quarry LP bought a new position in Thor Industries in the 1st quarter valued at about $94,000. Finally, NBC Securities Inc. raised its holdings in 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 acquiring an additional 2,710 shares during the period. 96.71% of the stock is owned by institutional investors.

Thor Industries Stock Performance

Shares of NYSE:THO traded down $0.14 on Monday, reaching $104.87. 686,937 shares of the company's stock were exchanged, compared to its average volume of 769,384. The company has a fifty day moving average of $100.51 and a 200-day moving average of $87.33. Thor Industries, Inc. has a twelve month low of $63.15 and a twelve month high of $118.85. The company has a market capitalization of $5.58 billion, a price-to-earnings ratio of 25.15, a PEG ratio of 2.10 and a beta of 1.34. The company has a current ratio of 1.71, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24.

Thor Industries Dividend Announcement

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

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Zacks Research raised shares of Thor Industries from a "strong sell" rating to a "hold" rating in a report on Wednesday, September 3rd. Citigroup increased their price target on shares of Thor Industries from $100.00 to $112.00 and gave the company a "neutral" rating in a report on Friday. KeyCorp upgraded shares of Thor Industries from an "underweight" rating to a "sector weight" rating in a research report on Friday, August 1st. Bank of America increased their target price on shares of Thor Industries from $100.00 to $120.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Finally, Wall Street Zen upgraded shares of Thor Industries from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. Two investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $94.88.

Insider Activity

In other news, Director Peter Busch Orthwein purchased 3,000 shares of Thor Industries stock in a transaction that occurred on Friday, June 20th. The shares were acquired at an average price of $85.40 per share, for a total transaction of $256,200.00. Following the transaction, the director owned 136,400 shares of the company's stock, valued at approximately $11,648,560. The trade was a 2.25% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 4.50% of the company's stock.

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.