Madison Asset Management LLC Purchases 65,531 Shares of Thor Industries, Inc. (NYSE:THO)

Madison Asset Management LLC raised its position in Thor Industries, Inc. (NYSE:THO - Free Report) by 6.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,065,299 shares of the construction company's stock after acquiring an additional 65,531 shares during the period. Madison Asset Management LLC owned about 2.00% of Thor Industries worth $80,760,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC lifted its stake in Thor Industries by 0.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 15,971 shares of the construction company's stock valued at $1,529,000 after acquiring an additional 112 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in Thor Industries by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 22,364 shares of the construction company's stock valued at $2,140,000 after acquiring an additional 140 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in Thor Industries by 4.2% in the 1st quarter. Crossmark Global Holdings Inc. now owns 3,560 shares of the construction company's stock valued at $270,000 after acquiring an additional 145 shares in the last quarter. ProShare Advisors LLC lifted its stake in Thor Industries by 7.2% in the 4th quarter. ProShare Advisors LLC now owns 2,485 shares of the construction company's stock valued at $238,000 after acquiring an additional 166 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in Thor Industries by 3.0% in the 1st quarter. State of Alaska Department of Revenue now owns 6,235 shares of the construction company's stock valued at $472,000 after acquiring an additional 180 shares in the last quarter. Institutional investors own 96.71% of the company's stock.

Insiders Place Their Bets

In other Thor Industries news, Director Peter Busch Orthwein purchased 3,000 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were acquired at an average price of $85.40 per share, for a total transaction of $256,200.00. Following the purchase, the director owned 136,400 shares in the company, valued at approximately $11,648,560. The trade was a 2.25% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 4.50% of the company's stock.

Thor Industries Stock Performance

THO traded up $1.72 during trading hours on Friday, reaching $95.30. The company's stock had a trading volume of 360,343 shares, compared to its average volume of 586,836. Thor Industries, Inc. has a 52 week low of $63.15 and a 52 week high of $118.85. The company's 50-day moving average is $87.70 and its 200-day moving average is $86.80. 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 has a market cap of $5.07 billion, a PE ratio of 22.85, a price-to-earnings-growth ratio of 1.93 and a beta of 1.21.

Thor Industries (NYSE:THO - Get Free Report) last posted its quarterly earnings results 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. Thor Industries had a return on equity of 6.15% and a net margin of 2.32%. The business had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.60 billion. During the same quarter in the prior year, the business earned $2.13 EPS. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities analysts forecast that Thor Industries, Inc. will post 4.64 EPS for the current year.

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 outstanding shares. This repurchase authorization allows the construction company to buy up to 8.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its shares are undervalued.

Thor Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Tuesday, July 1st. Thor Industries's dividend payout ratio (DPR) is presently 47.96%.

Analyst Ratings Changes

THO has been the topic of several research reports. DA Davidson upgraded Thor Industries to a "hold" rating in a research note on Monday, April 14th. Roth Capital set a $77.00 price objective on Thor Industries and gave the stock a "neutral" rating in a research note on Monday, June 9th. Truist Financial upped their price objective on Thor Industries from $72.00 to $78.00 and gave the stock a "hold" rating in a research note on Tuesday, June 3rd. Robert W. Baird cut Thor Industries from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $100.00 to $85.00 in a research note on Friday, April 4th. Finally, KeyCorp upped their price objective on Thor Industries from $60.00 to $65.00 and gave the stock an "underweight" rating in a research note on Friday, May 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $87.63.

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.