Thor Industries, Inc. $THO Stock Holdings Trimmed by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services LLC reduced its holdings in Thor Industries by 24.7%, selling 8,536 shares during the first quarter, leaving them with 26,036 shares valued at $1.97 million.
• Institutional investors and hedge funds own approximately 96.71% of Thor Industries' stock, with notable increases in holdings by firms such as Sprott Inc. and Quantbot Technologies.
• Thor Industries announced a $400 million stock buyback program, indicating management's belief that the stock is undervalued, and recently declared a quarterly dividend of $0.50 per share.

Kestra Advisory Services LLC lowered its stake in Thor Industries, Inc. (NYSE:THO - Free Report) by 24.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,036 shares of the construction company's stock after selling 8,536 shares during the period. Kestra Advisory Services LLC's holdings in Thor Industries were worth $1,974,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of THO. Vanguard Group Inc. grew its holdings in Thor Industries by 6.5% during the first quarter. Vanguard Group Inc. now owns 5,376,681 shares of the construction company's stock worth $407,606,000 after acquiring an additional 326,584 shares during the period. ACR Alpine Capital Research LLC grew its holdings in Thor Industries by 62.5% during the first quarter. ACR Alpine Capital Research LLC now owns 3,482,917 shares of the construction company's stock worth $264,040,000 after acquiring an additional 1,339,951 shares during the period. Dimensional Fund Advisors LP grew its holdings in Thor Industries by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,959,547 shares of the construction company's stock worth $224,364,000 after acquiring an additional 29,012 shares during the period. Madison Asset Management LLC grew its holdings in Thor Industries by 6.6% during the first quarter. Madison Asset Management LLC now owns 1,065,299 shares of the construction company's stock worth $80,760,000 after acquiring an additional 65,531 shares during the period. Finally, American Century Companies Inc. grew its holdings in Thor Industries by 6.5% during the first quarter. American Century Companies Inc. now owns 999,819 shares of the construction company's stock worth $75,796,000 after acquiring an additional 60,673 shares during the period. Institutional investors and hedge funds own 96.71% of the company's stock.

Thor Industries Trading Up 1.2%

NYSE THO traded up $1.27 during trading hours on Thursday, hitting $109.94. 58,364 shares of the company's stock were exchanged, compared to its average volume of 769,724. The business's 50 day moving average is $97.89 and its 200-day moving average is $87.12. Thor Industries, Inc. has a 12-month low of $63.15 and a 12-month high of $118.85. The firm has a market capitalization of $5.85 billion, a P/E ratio of 26.37, a price-to-earnings-growth ratio of 2.20 and a beta of 1.34. 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 (NYSE:THO - Get Free Report) last released its earnings results on Wednesday, June 4th. The construction company reported $2.53 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.74. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.60 billion. Thor Industries had a return on equity of 6.15% and a net margin of 2.32%.The firm's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.13 earnings per share. As a group, analysts anticipate that Thor Industries, Inc. will post 4.64 EPS for the current fiscal year.

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

Thor Industries Dividend Announcement

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

Insider Activity at Thor Industries

In related news, Director Peter Busch Orthwein bought 3,000 shares of the stock in a transaction dated Friday, June 20th. The stock was acquired at an average price of $85.40 per share, for a total transaction of $256,200.00. Following the completion of the purchase, the director owned 136,400 shares in the company, valued at $11,648,560. This represents a 2.25% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Wall Street Zen raised Thor Industries from a "sell" rating to a "hold" rating in a report on Friday, June 6th. Citigroup reissued a "neutral" rating and issued a $100.00 target price (up previously from $88.00) on shares of Thor Industries in a report on Tuesday, August 12th. KeyCorp raised Thor Industries from an "underweight" rating to a "sector weight" rating in a report on Friday, August 1st. Truist Financial upped their price objective on Thor Industries from $86.00 to $115.00 and gave the company a "hold" rating in a research report on Wednesday. Finally, Roth Capital set a $77.00 price objective on Thor Industries and gave the company a "neutral" rating in a research report on Monday, June 9th. Two analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $94.00.

Thor Industries Company 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.