Quantbot Technologies LP Raises Holdings in Thor Industries, Inc. $THO

Key Points

• Quantbot Technologies LP increased its stake in Thor Industries by 3,724.8%, owning 30,675 shares valued at approximately $2.3 million after purchasing nearly 30,000 additional shares in the first quarter.
• A share repurchase program was authorized by Thor Industries, allowing the company to buy back up to $400 million in shares, indicating confidence in their stock valuation.
• Thor Industries reported earnings of $2.53 per share, significantly exceeding analysts' expectations of $1.79, alongside a revenue of $2.89 billion for the quarter.

Quantbot Technologies LP boosted its stake in shares of Thor Industries, Inc. (NYSE:THO - Free Report) by 3,724.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,675 shares of the construction company's stock after purchasing an additional 29,873 shares during the quarter. Quantbot Technologies LP owned approximately 0.06% of Thor Industries worth $2,325,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of THO. ACR Alpine Capital Research LLC increased its holdings in shares of Thor Industries by 62.5% in the 1st quarter. ACR Alpine Capital Research LLC now owns 3,482,917 shares of the construction company's stock valued at $264,040,000 after acquiring an additional 1,339,951 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Thor Industries by 6.5% in the 1st quarter. Vanguard Group Inc. now owns 5,376,681 shares of the construction company's stock valued at $407,606,000 after acquiring an additional 326,584 shares during the last quarter. Southpoint Capital Advisors LP increased its holdings in shares of Thor Industries by 73.2% in the 4th quarter. Southpoint Capital Advisors LP now owns 606,149 shares of the construction company's stock valued at $58,015,000 after acquiring an additional 256,149 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Thor Industries by 43.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 547,659 shares of the construction company's stock valued at $41,518,000 after acquiring an additional 167,148 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of Thor Industries in the 1st quarter valued at about $8,627,000. Hedge funds and other institutional investors own 96.71% of the company's stock.

Insiders Place Their Bets

In related news, Director Peter Busch Orthwein acquired 3,000 shares of the firm's stock in a transaction on Friday, June 20th. The stock was bought 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. The trade was a 2.25% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 4.50% of the company's stock.

Thor Industries Stock Down 1.8%

Shares of NYSE THO opened at $105.62 on Thursday. The stock has a market cap of $5.62 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 2.16 and a beta of 1.21. The company has a quick ratio of 0.90, a current ratio of 1.71 and a debt-to-equity ratio of 0.24. Thor Industries, Inc. has a 52-week low of $63.15 and a 52-week high of $118.85. The business has a 50-day moving average price of $93.37 and a 200 day moving average price of $86.60.

Thor Industries (NYSE:THO - Get Free Report) last announced its earnings results 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 analysts' expectations 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 was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.13 EPS. Thor Industries has set its FY 2025 guidance at 3.300-4.000 EPS. Equities research analysts forecast that Thor Industries, Inc. will post 4.64 earnings per share for the current year.

Thor Industries announced that its board has authorized a share repurchase program on Monday, June 23rd that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the construction company to purchase up to 8.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

Thor Industries Announces Dividend

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. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.9%. Thor Industries's dividend payout ratio is 47.96%.

Wall Street Analyst Weigh In

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

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