9,584 Shares in Thor Industries, Inc. (NYSE:THO) Purchased by Penserra Capital Management LLC

Penserra Capital Management LLC purchased a new stake in Thor Industries, Inc. (NYSE:THO - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,584 shares of the construction company's stock, valued at approximately $726,000.

Several other hedge funds have also added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC raised its position in shares of Thor Industries by 0.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 15,971 shares of the construction company's stock valued at $1,529,000 after purchasing an additional 112 shares during the period. Treasurer of the State of North Carolina lifted its holdings in shares of Thor Industries by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 22,364 shares of the construction company's stock worth $2,140,000 after buying an additional 140 shares in the last quarter. ProShare Advisors LLC increased its position in Thor Industries by 7.2% during the fourth quarter. ProShare Advisors LLC now owns 2,485 shares of the construction company's stock worth $238,000 after acquiring an additional 166 shares during the period. State of Alaska Department of Revenue grew its position in shares of Thor Industries by 3.0% during the 1st quarter. State of Alaska Department of Revenue now owns 6,235 shares of the construction company's stock worth $472,000 after purchasing an additional 180 shares in the last quarter. Finally, Retirement Systems of Alabama increased its holdings in shares of Thor Industries by 0.3% during the first quarter. Retirement Systems of Alabama now owns 64,775 shares of the construction company's stock worth $4,911,000 after purchasing an additional 207 shares during the period. Institutional investors and hedge funds own 96.71% of the company's stock.

Thor Industries Stock Down 1.5%

Shares of NYSE THO traded down $1.38 during trading on Friday, hitting $93.23. 340,139 shares of the company traded hands, compared to its average volume of 638,130. 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 business's fifty day moving average is $84.61 and its 200 day moving average is $87.07. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 20.13, a P/E/G ratio of 1.95 and a beta of 1.21. Thor Industries, Inc. has a fifty-two week low of $63.16 and a fifty-two week high of $118.85.

Thor Industries (NYSE:THO - Get Free Report) last issued its earnings results on Wednesday, June 4th. The construction company reported $2.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.79 by $0.74. The company had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.60 billion. Thor Industries had a return on equity of 6.15% and a net margin of 2.32%. Thor Industries's quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the business earned $2.13 EPS. Equities research analysts predict that Thor Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

Thor Industries announced that its board has initiated a stock buyback program 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 programs are generally an indication that the company's board of directors believes its stock is undervalued.

Thor Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Tuesday, July 1st. Thor Industries's dividend payout ratio (DPR) is presently 47.96%.

Insider Buying and Selling at Thor Industries

In related news, Director Peter Busch Orthwein purchased 3,000 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The stock was acquired at an average price of $85.40 per share, for a total transaction of $256,200.00. Following the completion of the acquisition, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on THO shares. DA Davidson raised Thor Industries to a "hold" rating in a report on Monday, April 14th. Wall Street Zen upgraded Thor Industries from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Roth Capital set a $77.00 price target on shares of Thor Industries and gave the company a "neutral" rating in a research report on Monday, June 9th. Truist Financial upped their target price on Thor Industries from $72.00 to $78.00 and gave the company a "hold" rating in a report on Tuesday, June 3rd. Finally, KeyCorp upped their price objective on shares of Thor Industries from $60.00 to $65.00 and gave the company an "underweight" rating in a research note on Friday, May 30th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target 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.