Nuveen LLC Makes New $8.63 Million Investment in Thor Industries, Inc. $THO

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 acquired a new position in shares of Thor Industries, Inc. (NYSE:THO - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 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 SEC filing.

Other institutional investors also recently bought and sold shares of the company. Crossmark Global Holdings Inc. increased its holdings in shares of 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 during the period. ProShare Advisors LLC increased its holdings in shares of 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 during the period. State of Alaska Department of Revenue increased its holdings in shares of 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 during the period. Venturi Wealth Management LLC increased its holdings in shares of Thor Industries by 2.9% in the 1st quarter. Venturi Wealth Management LLC now owns 6,494 shares of the construction company's stock valued at $492,000 after acquiring an additional 182 shares during the period. Finally, Louisiana State Employees Retirement System increased its holdings in shares of Thor Industries by 1.4% in the 1st quarter. Louisiana State Employees Retirement System now owns 14,900 shares of the construction company's stock valued at $1,130,000 after acquiring an additional 200 shares during the period. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Peter Busch Orthwein purchased 3,000 shares of the stock in a transaction on Friday, June 20th. The stock was bought at an average price of $85.40 per share, with a total value of $256,200.00. Following the transaction, the director owned 136,400 shares in the company, valued at $11,648,560. The trade was a 2.25% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.50% of the company's stock.

Thor Industries Stock Up 1.0%

Shares of Thor Industries stock traded up $1.15 during trading on Wednesday, reaching $110.41. The company's stock had a trading volume of 642,522 shares, compared to its average volume of 779,342. The company has a quick ratio of 0.90, a current ratio of 1.71 and a debt-to-equity ratio of 0.24. The company has a market cap of $5.87 billion, a price-to-earnings ratio of 26.48, a P/E/G ratio of 2.22 and a beta of 1.21. Thor Industries, Inc. has a 1-year low of $63.15 and a 1-year high of $118.85. The company has a 50-day simple moving average of $95.14 and a two-hundred day simple moving average of $86.73.

Thor Industries (NYSE:THO - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.60 billion. During the same quarter last year, the firm earned $2.13 EPS. The business's quarterly revenue was up 3.3% on a year-over-year basis. Thor Industries has set its FY 2025 guidance at 3.300-4.000 EPS. As a group, equities analysts forecast that Thor Industries, Inc. will post 4.64 earnings per share for the current year.

Thor Industries announced that its Board of Directors has approved a share buyback program on Monday, June 23rd that permits the company to buyback $400.00 million in shares. This buyback authorization permits the construction company to reacquire up to 8.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its stock is undervalued.

Thor Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $2.00 dividend on an annualized basis and a yield of 1.8%. Thor Industries's payout ratio is currently 47.96%.

Analysts Set New Price Targets

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

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.