Fullcircle Wealth LLC Buys 4,412 Shares of Thor Industries, Inc. (NYSE:THO)

Fullcircle Wealth LLC lifted its stake in Thor Industries, Inc. (NYSE:THO - Free Report) by 85.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,583 shares of the construction company's stock after acquiring 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 Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Timucuan Asset Management Inc. FL grew its stake in shares of Thor Industries by 16.2% in the fourth 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. Madison Investment Advisors LLC bought a new stake in shares of Thor Industries in the fourth quarter worth approximately $95,688,000. American Century Companies Inc. grew its stake in shares of Thor Industries by 8.7% in the fourth quarter. American Century Companies Inc. now owns 939,146 shares of the construction company's stock worth $89,886,000 after acquiring an additional 75,304 shares during the period. Envestnet Asset Management Inc. grew its position in Thor Industries by 15.2% during the first quarter. Envestnet Asset Management Inc. now owns 786,674 shares of the construction company's stock valued at $59,638,000 after buying an additional 103,682 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Thor Industries by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 611,890 shares of the construction company's stock valued at $58,564,000 after buying an additional 10,455 shares during the period. 96.71% of the stock is currently owned by institutional investors.

Insider Transactions at Thor Industries

In other news, Director Peter Busch Orthwein purchased 3,000 shares of the firm'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 completion of the transaction, the director owned 136,400 shares in the company, valued at $11,648,560. This represents a 2.25% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.50% of the stock is currently owned by insiders.

Thor Industries Price Performance

THO stock opened at $92.55 on Monday. The company has a market capitalization of $4.92 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 1.89 and a beta of 1.21. The company's fifty day moving average price is $83.06 and its 200-day moving average price is $87.05. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.71. Thor Industries, Inc. has a one year low of $63.16 and a one year high of $118.85.

Thor Industries (NYSE:THO - Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The construction company reported $2.53 earnings per share for the quarter, beating analysts' consensus estimates of $1.79 by $0.74. Thor Industries had a net margin of 2.32% and a return on equity of 6.15%. The business had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.60 billion. During the same quarter in the previous year, the business posted $2.13 earnings per share. The business's revenue was up 3.3% compared to the same quarter last year. On average, equities analysts anticipate that Thor Industries, Inc. will post 4.64 EPS for the current fiscal year.

Thor Industries declared that its Board of Directors has approved a stock buyback plan on Monday, June 23rd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 8.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Thor Industries Dividend Announcement

The firm also recently announced 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 2.16%. The ex-dividend date is Tuesday, July 1st. Thor Industries's payout ratio is 47.96%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on THO shares. Truist Financial boosted their target price on shares of Thor Industries from $72.00 to $78.00 and gave the company a "hold" rating in a research report on Tuesday, June 3rd. Robert W. Baird lowered shares of Thor Industries from an "outperform" rating to a "neutral" rating and cut their target price for the company from $100.00 to $85.00 in a research report on Friday, April 4th. Roth Capital set a $77.00 target price on shares of Thor Industries and gave the company a "neutral" rating in a research report on Monday, June 9th. Citigroup lowered shares of Thor Industries from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $94.00 to $86.00 in a research report on Wednesday, March 19th. Finally, Baird R W lowered shares of Thor Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $87.63.

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.

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