EntryPoint Capital LLC Takes $227,000 Position in Thor Industries, Inc. $THO

Key Points

• EntryPoint Capital LLC has acquired a new position in Thor Industries, Inc. by purchasing 2,991 shares valued at approximately $227,000.
• Thor Industries' stock has received multiple ratings changes from analysts, with price targets ranging from $77.00 to $100.00 and an average rating of "Hold."
• The company declared a quarterly dividend of $0.50 per share and announced a stock buyback plan worth $400 million.

EntryPoint Capital LLC purchased a new position in Thor Industries, Inc. (NYSE:THO - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,991 shares of the construction company's stock, valued at approximately $227,000.

Several other institutional investors have also added to or reduced their stakes in the business. Hsbc Holdings PLC boosted its holdings in Thor Industries by 4.3% in the first quarter. Hsbc Holdings PLC now owns 6,570 shares of the construction company's stock worth $498,000 after acquiring an additional 269 shares in the last quarter. Quantbot Technologies LP lifted its holdings in shares of Thor Industries by 3,724.8% during the first quarter. Quantbot Technologies LP now owns 30,675 shares of the construction company's stock worth $2,325,000 after purchasing an additional 29,873 shares during the period. Northern Trust Corp lifted its holdings in shares of Thor Industries by 2.7% during the first quarter. Northern Trust Corp now owns 503,036 shares of the construction company's stock worth $38,135,000 after purchasing an additional 13,172 shares during the period. American Century Companies Inc. lifted its holdings in shares of Thor Industries by 6.5% during the first quarter. American Century Companies Inc. now owns 999,819 shares of the construction company's stock worth $75,796,000 after purchasing an additional 60,673 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Thor Industries by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,959,547 shares of the construction company's stock worth $224,364,000 after purchasing an additional 29,012 shares during the period. Institutional investors and hedge funds own 96.71% of the company's stock.

Insider Activity

In related news, Director Peter Busch Orthwein bought 3,000 shares of the business's stock in a transaction on Friday, June 20th. The stock was acquired at an average cost of $85.40 per share, with a total value of $256,200.00. Following the purchase, the director directly owned 136,400 shares of the company's stock, valued at $11,648,560. The trade was a 2.25% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.50% of the stock is owned by company insiders.

Thor Industries Price Performance

Shares of Thor Industries stock traded down $0.93 on Friday, reaching $108.79. The company's stock had a trading volume of 78,012 shares, compared to its average volume of 773,783. The company has a market capitalization of $5.79 billion, a P/E ratio of 26.09, a PEG ratio of 2.21 and a beta of 1.21. Thor Industries, Inc. has a 52-week low of $63.15 and a 52-week high of $118.85. The stock has a 50-day moving average price of $96.11 and a 200-day moving average price of $86.95. The company has a quick ratio of 0.90, a current ratio of 1.71 and a debt-to-equity ratio of 0.24.

Thor Industries (NYSE:THO - Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The construction company reported $2.53 EPS for the quarter, beating analysts' consensus estimates 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 period in the previous year, the business earned $2.13 earnings per share. The business's 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. Analysts expect that Thor Industries, Inc. will post 4.64 EPS for the current year.

Thor Industries declared 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 shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its shares are undervalued.

Thor Industries Dividend Announcement

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

Analyst Upgrades and Downgrades

THO has been the subject of a number of research reports. Wall Street Zen raised Thor Industries from a "sell" rating to a "hold" rating in a report on Friday, June 6th. Truist Financial lifted their target price on Thor Industries from $72.00 to $78.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. KeyCorp raised Thor Industries from an "underweight" rating to a "sector weight" rating in a report on Friday, August 1st. Citigroup reaffirmed a "neutral" rating and set a $100.00 target price (up previously from $88.00) on shares of Thor Industries in a report on Tuesday, August 12th. Finally, Roth Capital set a $77.00 target price on Thor Industries and gave the stock a "neutral" rating in a report on Monday, June 9th. Two research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $89.38.

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.