Invesco Ltd. Has $12.71 Million Stock Holdings 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. increased its position in shares of Thor Industries, Inc. (NYSE:THO - Free Report) by 3.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 167,640 shares of the construction company's stock after purchasing an additional 5,822 shares during the period. Invesco Ltd. owned about 0.32% of Thor Industries worth $12,709,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Crossmark Global Holdings Inc. boosted its stake in Thor Industries by 4.2% during the first 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. ProShare Advisors LLC lifted its stake in Thor Industries by 7.2% during the fourth quarter. ProShare Advisors LLC now owns 2,485 shares of the construction company's stock worth $238,000 after purchasing an additional 166 shares during the period. State of Alaska Department of Revenue lifted its stake in Thor Industries by 3.0% during the first quarter. State of Alaska Department of Revenue now owns 6,235 shares of the construction company's stock worth $472,000 after purchasing an additional 180 shares during the period. Venturi Wealth Management LLC boosted its holdings in Thor Industries by 2.9% during the first quarter. Venturi Wealth Management LLC now owns 6,494 shares of the construction company's stock valued at $492,000 after purchasing an additional 182 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in shares of Thor Industries by 1.4% in the 1st quarter. Louisiana State Employees Retirement System now owns 14,900 shares of the construction company's stock valued at $1,130,000 after purchasing an additional 200 shares during the period. 96.71% of the stock is currently owned by institutional investors and hedge funds.

Thor Industries Price Performance

THO traded up $1.15 during midday trading on Wednesday, hitting $110.41. The company had a trading volume of 642,522 shares, compared to its average volume of 779,342. Thor Industries, Inc. has a twelve month low of $63.15 and a twelve month high of $118.85. The company has a market capitalization of $5.87 billion, a PE ratio of 26.48, a P/E/G ratio of 2.22 and a beta of 1.21. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.71. The firm's 50-day simple moving average is $95.14 and its 200-day simple moving average is $86.73.

Thor Industries (NYSE:THO - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The construction company reported $2.53 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 business had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.60 billion. During the same period in the prior year, the firm earned $2.13 earnings per share. Thor Industries'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. Equities research analysts predict that Thor Industries, Inc. will post 4.64 EPS for the current fiscal year.

Thor Industries announced that its Board of Directors has approved a share repurchase program on Monday, June 23rd that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 8.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Thor Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.8%. The ex-dividend date was Tuesday, July 1st. Thor Industries's dividend payout ratio is currently 47.96%.

Insiders Place Their Bets

In other Thor Industries news, Director Peter Busch Orthwein acquired 3,000 shares of Thor Industries stock in a transaction on Friday, June 20th. The shares were purchased at an average cost of $85.40 per share, with a total value of $256,200.00. Following the completion of the purchase, the director owned 136,400 shares in the company, valued at $11,648,560. The trade was a 2.25% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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