Fullcircle Wealth LLC Has $701,000 Holdings in Thor Industries, Inc. (NYSE:THO)

Fullcircle Wealth LLC grew its position in shares of Thor Industries, Inc. (NYSE:THO - Free Report) by 85.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 9,583 shares of the construction company's stock after purchasing an additional 4,412 shares during the quarter. Fullcircle Wealth LLC's holdings in Thor Industries were worth $701,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its position in shares of Thor Industries by 15.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 786,674 shares of the construction company's stock valued at $59,638,000 after purchasing an additional 103,682 shares during the period. Penserra Capital Management LLC acquired a new position in shares of Thor Industries in the 1st quarter worth $726,000. Novare Capital Management LLC grew its holdings in shares of Thor Industries by 1.6% in the 1st quarter. Novare Capital Management LLC now owns 104,128 shares of the construction company's stock worth $7,894,000 after acquiring an additional 1,603 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Thor Industries by 0.6% in the 1st quarter. Principal Financial Group Inc. now owns 122,374 shares of the construction company's stock worth $9,277,000 after acquiring an additional 755 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in shares of Thor Industries by 6.0% in the 1st quarter. Teacher Retirement System of Texas now owns 13,211 shares of the construction company's stock worth $1,002,000 after acquiring an additional 749 shares during the last quarter. 96.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Thor Industries

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

Thor Industries Stock Up 1.6%

NYSE THO traded up $1.47 on Thursday, reaching $94.62. The stock had a trading volume of 495,282 shares, compared to its average volume of 674,865. The business has a 50 day moving average price of $84.19 and a 200 day moving average price of $87.08. 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, Inc. has a 1 year low of $63.16 and a 1 year high of $118.85. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 22.69, a P/E/G ratio of 1.90 and a beta of 1.21.

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 for the quarter, topping 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 company had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.60 billion. During the same quarter in the previous year, the firm earned $2.13 earnings per share. The business's quarterly revenue was up 3.3% compared to the same quarter last year. On average, analysts forecast that Thor Industries, Inc. will post 4.64 EPS for the current fiscal year.

Thor Industries announced that its Board of Directors has authorized a share repurchase program on Monday, June 23rd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 8.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

Thor Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be given a $0.50 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.11%. Thor Industries's dividend payout ratio is currently 47.96%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. 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 lifted their target price on Thor Industries from $60.00 to $65.00 and gave the stock an "underweight" rating in a report on Friday, May 30th. Roth Capital set a $77.00 price target on Thor Industries and gave the company a "neutral" rating in a report on Monday, June 9th. Citigroup downgraded Thor Industries from a "buy" rating to a "neutral" rating and lowered their price target for the company from $94.00 to $86.00 in a report on Wednesday, March 19th. Finally, Baird R W downgraded Thor Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Thor Industries currently has a consensus rating of "Hold" and a consensus 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.