Penserra Capital Management LLC Acquires Shares of 9,584 Thor Industries, Inc. (NYSE:THO)

Penserra Capital Management LLC acquired a new stake in Thor Industries, Inc. (NYSE:THO - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,584 shares of the construction company's stock, valued at approximately $726,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. O Shaughnessy Asset Management LLC lifted its position in shares of Thor Industries by 0.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 15,971 shares of the construction company's stock valued at $1,529,000 after buying an additional 112 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Thor Industries by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 22,364 shares of the construction company's stock worth $2,140,000 after acquiring an additional 140 shares during the period. ProShare Advisors LLC raised its holdings in shares of Thor Industries by 7.2% during the 4th 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 increased 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 during the last quarter. Finally, Retirement Systems of Alabama increased its position in shares of Thor Industries by 0.3% during the 1st 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 last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

Thor Industries Stock Down 1.1%

Shares of Thor Industries stock traded down $1.01 on Monday, reaching $92.22. 380,181 shares of the company were exchanged, compared to its average volume of 673,060. Thor Industries, Inc. has a 1-year low of $63.16 and a 1-year high of $118.85. The company has a market cap of $4.91 billion, a P/E ratio of 22.11, a price-to-earnings-growth ratio of 1.92 and a beta of 1.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.71 and a quick ratio of 0.90. The stock's 50 day moving average price is $84.98 and its 200-day moving average price is $86.92.

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. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.60 billion. Thor Industries had a return on equity of 6.15% and a net margin of 2.32%. The business's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.13 earnings per share. As a group, equities analysts forecast that Thor Industries, Inc. will post 4.64 EPS for the current year.

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.

Thor Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.17%. The ex-dividend date is Tuesday, July 1st. Thor Industries's payout ratio is 47.96%.

Insiders Place Their Bets

In other Thor Industries news, Director Peter Busch Orthwein bought 3,000 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The stock was purchased 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 directly owned 136,400 shares in the company, valued at $11,648,560. This trade represents a 2.25% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

THO has been the subject of a number of recent analyst reports. Baird R W downgraded Thor Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Wall Street Zen raised Thor Industries from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. KeyCorp raised their price objective on 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 raised their price objective 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, Robert W. Baird downgraded Thor Industries from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $100.00 to $85.00 in a research report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $87.63.

About Thor Industries

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.