Natixis Advisors LLC Cuts Stock Position in Thor Industries, Inc. (NYSE:THO)

Natixis Advisors LLC decreased its position in shares of Thor Industries, Inc. (NYSE:THO - Free Report) by 20.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 410,175 shares of the construction company's stock after selling 107,695 shares during the period. Natixis Advisors LLC owned approximately 0.77% of Thor Industries worth $31,095,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of THO. UMB Bank n.a. lifted its stake in Thor Industries by 135.6% in the first quarter. UMB Bank n.a. now owns 483 shares of the construction company's stock worth $37,000 after acquiring an additional 278 shares during the period. Brown Brothers Harriman & Co. increased its holdings in shares of Thor Industries by 369.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company's stock valued at $40,000 after acquiring an additional 329 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings 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 valued at $61,000 after acquiring an additional 395 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Thor Industries in the 4th quarter worth approximately $201,000. Finally, NBC Securities Inc. increased its holdings 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 worth $205,000 after buying an additional 2,710 shares during the period. Institutional investors own 96.71% of the company's stock.

Thor Industries Stock Up 0.1%

Shares of THO traded up $0.09 during mid-day trading on Friday, hitting $91.08. 732,726 shares of the company's stock were exchanged, compared to its average volume of 544,680. The company has a market cap of $4.85 billion, a price-to-earnings ratio of 21.84, a P/E/G ratio of 1.88 and a beta of 1.21. Thor Industries, Inc. has a fifty-two week low of $63.15 and a fifty-two week high of $118.85. 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 stock's 50-day moving average is $88.90 and its 200-day moving average is $86.73.

Thor Industries (NYSE:THO - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The construction company reported $2.53 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the previous year, the company posted $2.13 earnings per share. The business's revenue for the quarter was up 3.3% on a year-over-year basis. On average, sell-side analysts anticipate that Thor Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

Thor Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, July 1st. This represents a $2.00 annualized dividend and a yield of 2.2%. Thor Industries's payout ratio is presently 47.96%.

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on THO shares. Robert W. Baird lowered Thor Industries from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $100.00 to $85.00 in a research report on Friday, April 4th. Truist Financial raised their price objective on Thor Industries from $72.00 to $78.00 and gave the company a "hold" rating in a report on Tuesday, June 3rd. 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. Baird R W lowered Thor Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, KeyCorp raised Thor Industries from an "underweight" rating to a "sector weight" rating in a research report on Friday. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $87.63.

Insiders Place Their Bets

In other news, Director Peter Busch Orthwein acquired 3,000 shares of Thor Industries stock in a transaction on Friday, June 20th. The stock was bought 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 acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.50% of the stock is currently owned by insiders.

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.