Thor Industries, Inc. (NYSE:THO) Stock Position Raised by Fullcircle Wealth LLC

Fullcircle Wealth LLC boosted its holdings in Thor Industries, Inc. (NYSE:THO - Free Report) by 85.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,583 shares of the construction company's stock after acquiring an additional 4,412 shares during the period. Fullcircle Wealth LLC's holdings in Thor Industries were worth $701,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in THO. Madison Investment Advisors LLC purchased a new position in shares of Thor Industries during the 4th quarter worth about $95,688,000. Norges Bank purchased a new position in shares of Thor Industries during the 4th quarter worth about $54,754,000. Raymond James Financial Inc. purchased a new position in shares of Thor Industries during the 4th quarter worth about $52,497,000. Timucuan Asset Management Inc. FL lifted its holdings in shares of Thor Industries by 16.2% during the 4th quarter. Timucuan Asset Management Inc. FL now owns 2,038,765 shares of the construction company's stock worth $195,130,000 after acquiring an additional 283,744 shares during the period. Finally, Southpoint Capital Advisors LP lifted its holdings in shares of Thor Industries by 73.2% during the 4th quarter. Southpoint Capital Advisors LP now owns 606,149 shares of the construction company's stock worth $58,015,000 after acquiring an additional 256,149 shares during the period. 96.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

THO has been the topic of several recent analyst reports. KeyCorp increased their price objective on shares of Thor Industries from $60.00 to $65.00 and gave the stock an "underweight" rating in a report on Friday, May 30th. Citigroup lowered shares of Thor Industries from a "buy" rating to a "neutral" rating and cut their price target for the company from $94.00 to $86.00 in a report on Wednesday, March 19th. Truist Financial raised their price target on shares of Thor Industries from $72.00 to $78.00 and gave the company a "hold" rating in a report on Tuesday, June 3rd. Roth Capital set a $77.00 price target on shares of Thor Industries and gave the company a "neutral" rating in a report on Monday, June 9th. Finally, Robert W. Baird lowered shares of Thor Industries from an "outperform" rating to a "neutral" rating and cut their price target for the company from $100.00 to $85.00 in a report on Friday, April 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $87.63.

Insiders Place Their Bets

In related news, Director Peter Busch Orthwein bought 3,000 shares of the company's stock in a transaction dated 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 transaction, the director owned 136,400 shares of the company's stock, valued at approximately $11,648,560. This trade represents a 2.25% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 4.50% of the stock is currently owned by corporate insiders.

Thor Industries Stock Up 1.9%

NYSE:THO traded up $1.77 during trading hours on Tuesday, hitting $92.86. The stock had a trading volume of 178,948 shares, compared to its average volume of 669,814. 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 business has a 50 day simple moving average of $83.42 and a two-hundred day simple moving average of $87.01. The company has a market cap of $4.94 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 1.89 and a beta of 1.21.

Thor Industries (NYSE:THO - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The construction company reported $2.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.74. Thor Industries had a net margin of 2.32% and a return on equity of 6.15%. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter last year, the company earned $2.13 earnings per share. Thor Industries's revenue for the quarter was up 3.3% on a year-over-year basis. Analysts predict that Thor Industries, Inc. will post 4.64 EPS for the current year.

Thor Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.15%. The ex-dividend date is Tuesday, July 1st. Thor Industries's dividend payout ratio is currently 47.96%.

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

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.