113,792 Shares in Thor Industries, Inc. $THO Bought by Nuveen LLC

Key Points

• Nuveen LLC has acquired 113,792 shares of Thor Industries, Inc. valued at approximately $8.63 million, representing about 0.21% of the company's total shares.
• Thor Industries has initiated a $400 million stock buyback program, allowing for the repurchase of up to 8.8% of its outstanding shares, indicating a potential belief by leadership that the shares are undervalued.
• Thor Industries recently reported a Q2 earnings per share (EPS) of $2.53, surpassing analyst expectations, and set FY 2025 guidance at 3.300-4.000 EPS.

Nuveen LLC bought a new position in shares of Thor Industries, Inc. (NYSE:THO - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 113,792 shares of the construction company's stock, valued at approximately $8,627,000. Nuveen LLC owned 0.21% of Thor Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in shares of Thor Industries by 0.6% during the first quarter. Principal Financial Group Inc. now owns 122,374 shares of the construction company's stock worth $9,277,000 after buying an additional 755 shares during the period. Crossmark Global Holdings Inc. boosted its stake in shares of Thor Industries by 4.2% during the first quarter. Crossmark Global Holdings Inc. now owns 3,560 shares of the construction company's stock worth $270,000 after buying an additional 145 shares during the period. Oppenheimer & Co. Inc. boosted its stake in shares of Thor Industries by 7.5% during the first quarter. Oppenheimer & Co. Inc. now owns 3,281 shares of the construction company's stock worth $249,000 after buying an additional 228 shares during the period. QRG Capital Management Inc. boosted its stake in shares of Thor Industries by 33.5% during the first quarter. QRG Capital Management Inc. now owns 20,453 shares of the construction company's stock worth $1,551,000 after buying an additional 5,136 shares during the period. Finally, Teacher Retirement System of Texas boosted its stake in shares of Thor Industries by 6.0% during the first quarter. Teacher Retirement System of Texas now owns 13,211 shares of the construction company's stock worth $1,002,000 after buying an additional 749 shares during the period. Institutional investors and hedge funds own 96.71% of the company's stock.

Thor Industries Trading Down 0.0%

Shares of Thor Industries stock traded down $0.01 during trading hours on Friday, reaching $109.71. 454,695 shares of the company's stock were exchanged, compared to its average volume of 792,051. Thor Industries, Inc. has a 52-week low of $63.15 and a 52-week high of $118.85. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 2.20 and a beta of 1.21. The company has a fifty day moving average of $96.60 and a 200-day moving average of $87.00. The company has a current ratio of 1.71, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24.

Thor Industries (NYSE:THO - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The construction company reported $2.53 earnings per share 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 company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the prior year, the company posted $2.13 EPS. The business's revenue for the quarter was up 3.3% compared to the same quarter last year. Thor Industries has set its FY 2025 guidance at 3.300-4.000 EPS. Sell-side analysts forecast that Thor Industries, Inc. will post 4.64 EPS for the current fiscal year.

Thor Industries Dividend Announcement

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

Thor Industries declared that its Board of Directors has authorized a stock repurchase program on Monday, June 23rd that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the construction company to purchase up to 8.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms have issued reports on THO. Citigroup reiterated a "neutral" rating and set a $100.00 target price (up previously from $88.00) on shares of Thor Industries in a research report on Tuesday, August 12th. Wall Street Zen upgraded Thor Industries from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. Roth Capital set a $77.00 target price on Thor Industries and gave the stock a "neutral" rating in a research report on Monday, June 9th. Truist Financial boosted their target price on Thor Industries from $72.00 to $78.00 and gave the stock a "hold" rating in a research report on Tuesday, June 3rd. Finally, KeyCorp upgraded Thor Industries from an "underweight" rating to a "sector weight" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $89.38.

Insider Buying and Selling at Thor Industries

In other news, Director Peter Busch Orthwein bought 3,000 shares of the business's 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 transaction, the director owned 136,400 shares of the company's stock, valued at $11,648,560. This represents a 2.25% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 4.50% of the company's stock.

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.