Invesco Ltd. Has $12.71 Million Stock Position in Thor Industries, Inc. $THO

Key Points

• Invesco Ltd. increased its stake in Thor Industries by 3.6% during the first quarter, owning approximately 0.32% of the company worth $12.7 million as of its most recent SEC filing.
• Thor Industries reported a quarterly earnings per share (EPS) of $2.53, exceeding analysts' expectations of $1.79, with revenue reaching $2.89 billion.
• The company announced a stock repurchase program authorizing buybacks of up to $400 million, indicating that management believes the stock is undervalued.

Invesco Ltd. boosted its stake in Thor Industries, Inc. (NYSE:THO - Free Report) by 3.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,640 shares of the construction company's stock after acquiring an additional 5,822 shares during the quarter. Invesco Ltd. owned 0.32% of Thor Industries worth $12,709,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings in Thor Industries by 0.6% during the first quarter. Principal Financial Group Inc. now owns 122,374 shares of the construction company's stock worth $9,277,000 after purchasing an additional 755 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in Thor Industries by 4.2% during the 1st quarter. Crossmark Global Holdings Inc. now owns 3,560 shares of the construction company's stock worth $270,000 after buying an additional 145 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Thor Industries by 7.5% during the 1st quarter. Oppenheimer & Co. Inc. now owns 3,281 shares of the construction company's stock worth $249,000 after buying an additional 228 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of Thor Industries by 33.5% in the first quarter. QRG Capital Management Inc. now owns 20,453 shares of the construction company's stock valued at $1,551,000 after acquiring an additional 5,136 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in Thor Industries by 6.0% during the first 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 in the last quarter. Institutional investors own 96.71% of the company's stock.

Thor Industries Stock Performance

NYSE:THO traded down $0.01 during mid-day trading on Friday, hitting $109.71. 454,695 shares of the stock were exchanged, compared to its average volume of 792,051. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 2.20 and a beta of 1.21. The firm's 50-day simple moving average is $96.60 and its 200 day simple moving average is $87.00. 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 fifty-two week low of $63.15 and a fifty-two week high of $118.85.

Thor Industries (NYSE:THO - Get Free Report) last issued 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 firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same period in the prior year, the firm posted $2.13 EPS. The company's revenue for the quarter was up 3.3% on a year-over-year basis. Thor Industries has set its FY 2025 guidance at 3.300-4.000 EPS. As a group, equities analysts anticipate that Thor Industries, Inc. will post 4.64 EPS for the current fiscal year.

Thor Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were issued 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 yield of 1.8%. Thor Industries's payout ratio is currently 47.96%.

Thor Industries announced that its board has authorized a share repurchase plan on Monday, June 23rd that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the construction company to purchase up to 8.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Thor Industries

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

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.