Landscape Capital Management L.L.C. Raises Stake in Thor Industries, Inc. $THO

Key Points

• Landscape Capital Management L.L.C. significantly increased its stake in Thor Industries, Inc. by 300.8% during the 1st quarter, now owning approximately 0.06% of the company valued at $2.3 million.
• Numerous institutional investors have been actively adjusting their positions in Thor Industries, with 96.71% of the company's stock now being owned by these investors.
• Thor Industries reported an earnings per share (EPS) of $2.53, surpassing expectations and showing a revenue increase of 3.3% year-over-year, leading to projections of 4.64 EPS for the current fiscal year.

Landscape Capital Management L.L.C. increased its position in shares of Thor Industries, Inc. (NYSE:THO - Free Report) by 300.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,691 shares of the construction company's stock after acquiring an additional 23,033 shares during the quarter. Landscape Capital Management L.L.C. owned about 0.06% of Thor Industries worth $2,327,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of THO. UMB Bank n.a. increased its stake in Thor Industries by 135.6% during the 1st quarter. UMB Bank n.a. now owns 483 shares of the construction company's stock worth $37,000 after purchasing an additional 278 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of Thor Industries by 96.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 805 shares of the construction company's stock worth $61,000 after acquiring an additional 395 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Thor Industries by 336.1% during the first quarter. Smartleaf Asset Management LLC now owns 785 shares of the construction company's stock worth $61,000 after acquiring an additional 605 shares during the period. NBC Securities Inc. lifted its position in Thor Industries by 135,500.0% in the 1st quarter. NBC Securities Inc. now owns 2,712 shares of the construction company's stock valued at $205,000 after acquiring an additional 2,710 shares in the last quarter. Finally, Freedom Investment Management Inc. increased its holdings in Thor Industries by 20.9% during the 1st quarter. Freedom Investment Management Inc. now owns 2,904 shares of the construction company's stock worth $220,000 after purchasing an additional 502 shares in the last quarter. Institutional investors own 96.71% of the company's stock.

Insider Buying and Selling at Thor Industries

In related news, Director Peter Busch Orthwein bought 3,000 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were acquired 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 directly owned 136,400 shares of the company's stock, valued at $11,648,560. This trade represents a 2.25% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 4.50% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on THO shares. Roth Capital set a $77.00 price target on Thor Industries and gave the company a "neutral" rating in a research report on Monday, June 9th. Citigroup reaffirmed a "neutral" rating and issued a $100.00 price objective (up from $88.00) on shares of Thor Industries in a research note on Tuesday, August 12th. Truist Financial upped their price target on shares of Thor Industries from $86.00 to $115.00 and gave the company a "hold" rating in a research report on Wednesday. KeyCorp raised shares of Thor Industries from an "underweight" rating to a "sector weight" rating in a research note on Friday, August 1st. Finally, Wall Street Zen raised shares of Thor Industries from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. Two 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 company has a consensus rating of "Hold" and an average target price of $94.00.

Thor Industries Stock Performance

NYSE THO traded up $0.38 during trading on Wednesday, hitting $108.38. 98,889 shares of the company's stock traded hands, compared to its average volume of 769,847. The stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of 26.00, a PEG 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. The business has a 50 day moving average of $97.46 and a 200-day moving average of $86.97. Thor Industries, Inc. has a 12-month low of $63.15 and a 12-month high of $118.85.

Thor Industries (NYSE:THO - Get Free Report) last released 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 net margin of 2.32% and a return on equity of 6.15%. The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same period last year, the business earned $2.13 earnings per share. Thor Industries's revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Thor Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

Thor Industries announced that its board has initiated 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 purchase up to 8.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

Thor Industries Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 1.8%. Thor Industries's dividend payout ratio (DPR) is presently 47.96%.

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.