Oak Thistle LLC Acquires New Holdings in Thor Industries, Inc. (NYSE:THO)

Oak Thistle LLC acquired a new position in Thor Industries, Inc. (NYSE:THO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,860 shares of the construction company's stock, valued at approximately $823,000.

A number of other institutional investors have also made changes to their positions in THO. Proficio Capital Partners LLC bought a new stake in shares of Thor Industries in the fourth quarter worth $58,000. Teacher Retirement System of Texas lifted its position in shares of Thor Industries by 125.5% in the fourth quarter. Teacher Retirement System of Texas now owns 12,462 shares of the construction company's stock worth $1,193,000 after purchasing an additional 6,935 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Thor Industries in the fourth quarter worth $986,000. LPL Financial LLC lifted its position in shares of Thor Industries by 7.2% in the fourth quarter. LPL Financial LLC now owns 40,367 shares of the construction company's stock worth $3,864,000 after purchasing an additional 2,708 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Thor Industries in the fourth quarter worth $54,754,000. Institutional investors own 96.71% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on THO shares. KeyCorp upped their price target on shares of Thor Industries from $60.00 to $65.00 and gave the stock an "underweight" rating in a research report on Friday, May 30th. Truist Financial upped their price target on shares of Thor Industries from $72.00 to $78.00 and gave the stock a "hold" rating in a research report on Tuesday, June 3rd. Wall Street Zen raised shares of Thor Industries from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. Baird R W lowered shares of Thor Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, Roth Capital set a $77.00 price objective on shares of Thor Industries and gave the company a "neutral" rating in a research report on Monday, June 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Thor Industries presently has a consensus rating of "Hold" and an average target price of $87.63.

Insider Transactions at Thor Industries

In other news, Director Peter Busch Orthwein acquired 3,000 shares of Thor Industries stock in a transaction on Friday, June 20th. The shares were purchased at an average cost of $85.40 per share, for a total transaction of $256,200.00. Following the completion of the purchase, the director directly owned 136,400 shares of the company's stock, valued at approximately $11,648,560. This represents a 2.25% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.50% of the stock is owned by insiders.

Thor Industries Stock Performance

NYSE THO traded up $1.72 during trading 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. The company has a current ratio of 1.71, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 1.93 and a beta of 1.21. Thor Industries, Inc. has a 12 month low of $63.15 and a 12 month high of $118.85. The firm has a 50 day moving average price of $87.70 and a 200 day moving average price of $86.80.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.79 by $0.74. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.60 billion. Thor Industries had a net margin of 2.32% and a return on equity of 6.15%. The business's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.13 EPS. As a group, equities analysts anticipate that Thor Industries, Inc. will post 4.64 EPS for the current fiscal year.

Thor Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were paid 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 2.10%. Thor Industries's payout ratio is 47.96%.

Thor Industries declared that its Board of Directors has initiated a share repurchase plan on Monday, June 23rd that allows the company to repurchase $400.00 million in 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 generally an indication that the company's board of directors believes its shares are undervalued.

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.