Quantbot Technologies LP Has $2.33 Million Stock 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 holdings in Thor Industries, Inc. (NYSE:THO - Free Report) by 3,724.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,675 shares of the construction company's stock after buying an additional 29,873 shares during the quarter. Quantbot Technologies LP owned approximately 0.06% of Thor Industries worth $2,325,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in THO. Principal Financial Group Inc. increased its holdings in Thor Industries by 0.6% in the first quarter. Principal Financial Group Inc. now owns 122,374 shares of the construction company's stock valued at $9,277,000 after purchasing an additional 755 shares during the period. Crossmark Global Holdings Inc. increased its holdings in Thor Industries by 4.2% in the first quarter. Crossmark Global Holdings Inc. now owns 3,560 shares of the construction company's stock valued at $270,000 after purchasing an additional 145 shares during the period. Oppenheimer & Co. Inc. increased its holdings in Thor Industries by 7.5% in the first quarter. Oppenheimer & Co. Inc. now owns 3,281 shares of the construction company's stock valued at $249,000 after purchasing an additional 228 shares during the period. QRG Capital Management Inc. increased its holdings in Thor Industries by 33.5% in the first quarter. QRG Capital Management Inc. now owns 20,453 shares of the construction company's stock valued at $1,551,000 after purchasing an additional 5,136 shares during the period. Finally, Teacher Retirement System of Texas increased its holdings in Thor Industries by 6.0% in the first quarter. Teacher Retirement System of Texas now owns 13,211 shares of the construction company's stock valued at $1,002,000 after purchasing an additional 749 shares during the period. Institutional investors own 96.71% of the company's stock.

Thor Industries Trading Down 0.4%

Shares of THO stock traded down $0.49 during mid-day trading on Tuesday, hitting $110.28. The company's stock had a trading volume of 140,557 shares, compared to its average volume of 776,491. The company's fifty day simple moving average is $94.66 and its 200-day simple moving average is $86.57. Thor Industries, Inc. has a 52 week low of $63.15 and a 52 week high of $118.85. 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 company has a market cap of $5.87 billion, a PE ratio of 26.41, a P/E/G ratio of 2.24 and a beta of 1.21.

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 the consensus estimate 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 analyst estimates of $2.60 billion. During the same period last year, the company posted $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 research analysts expect that Thor Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

Thor Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were paid a $0.50 dividend. The ex-dividend date was Tuesday, July 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.8%. Thor Industries's dividend payout ratio (DPR) is currently 47.96%.

Thor Industries announced that its Board of Directors has approved a stock 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 repurchase 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 stock is undervalued.

Analyst Ratings Changes

A number of research firms recently weighed in on THO. Citigroup restated a "neutral" rating and issued a $100.00 price objective (up from $88.00) on shares of Thor Industries in a report on Tuesday, August 12th. 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. 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, Truist Financial lifted 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. Two equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $89.38.

Insider Activity at Thor Industries

In other news, Director Peter Busch Orthwein bought 3,000 shares of Thor Industries stock in a transaction dated Friday, June 20th. The stock was bought at an average cost of $85.40 per share, for a total transaction of $256,200.00. Following the purchase, the director directly owned 136,400 shares in the company, valued at approximately $11,648,560. This represents a 2.25% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.50% of the stock is currently owned by corporate insiders.

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.