Thor Industries, Inc. $THO Shares Sold by Kayne Anderson Rudnick Investment Management LLC

Key Points

• Kayne Anderson Rudnick Investment Management LLC has reduced its stake in Thor Industries, Inc. by 0.6%, currently owning 5,145,840 shares worth approximately $390 million.
• Insider activity includes Director Peter Busch Orthwein purchasing 3,000 shares, increasing his ownership by 2.25% and valuing it at over $11.6 million.
• Thor Industries recently initiated a $400 million share repurchase program, allowing it to buy back up to 8.8% of its shares, indicating a belief that its stock is undervalued.

Kayne Anderson Rudnick Investment Management LLC decreased its holdings in shares of Thor Industries, Inc. (NYSE:THO - Free Report) by 0.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,145,840 shares of the construction company's stock after selling 28,482 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned about 9.67% of Thor Industries worth $390,106,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. lifted its holdings in shares of Thor Industries by 135.6% during the 1st quarter. UMB Bank n.a. now owns 483 shares of the construction company's stock valued at $37,000 after acquiring an additional 278 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Thor Industries by 336.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 785 shares of the construction company's stock worth $61,000 after buying an additional 605 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in Thor Industries by 96.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 805 shares of the construction company's stock worth $61,000 after buying an additional 395 shares during the period. Oxford Asset Management LLP purchased a new stake in Thor Industries during the 4th quarter worth $217,000. Finally, Neo Ivy Capital Management increased its stake in Thor Industries by 11.7% during the 4th quarter. Neo Ivy Capital Management now owns 2,451 shares of the construction company's stock worth $234,000 after buying an additional 257 shares during the period. Institutional investors and hedge funds own 96.71% of the company's stock.

Thor Industries Stock Performance

Shares of NYSE:THO traded up $1.15 during trading on Wednesday, reaching $110.41. 642,522 shares of the company's stock traded hands, compared to its average volume of 807,152. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.71 and a quick ratio of 0.90. Thor Industries, Inc. has a 12 month low of $63.15 and a 12 month high of $118.85. The company has a 50 day moving average of $95.63 and a 200-day moving average of $86.89. The stock has a market capitalization of $5.87 billion, a P/E ratio of 26.48, a price-to-earnings-growth ratio of 2.19 and a beta of 1.21.

Thor Industries (NYSE:THO - Get Free Report) last announced 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. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.60 billion. Thor Industries had a net margin of 2.32% and a return on equity of 6.15%. The company's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.13 EPS. Thor Industries has set its FY 2025 guidance at 3.300-4.000 EPS. On average, equities analysts expect that Thor Industries, Inc. will post 4.64 EPS for the current year.

Thor Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, July 1st. Thor Industries's payout ratio is presently 47.96%.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on THO shares. Citigroup reaffirmed a "neutral" rating and set a $100.00 price target (up previously from $88.00) on shares of Thor Industries in a research note on Tuesday, August 12th. Roth Capital set a $77.00 price target on shares of Thor Industries and gave the stock a "neutral" rating in a research note on Monday, June 9th. Wall Street Zen raised shares of Thor Industries from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Truist Financial lifted their price target 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. Finally, KeyCorp raised shares of Thor Industries from an "underweight" rating to a "sector weight" rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Thor Industries presently has a consensus rating of "Hold" and an average target price of $89.38.

Insider Transactions at Thor Industries

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

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.