Russell Investments Group Ltd. Has $5.13 Million Stock Position in Thor Industries, Inc. $THO

Key Points

• Russell Investments Group Ltd. has reduced its holdings in Thor Industries by 32.1%, now owning 67,637 shares valued at approximately $5.13 million.
• Several hedge funds, including Guggenheim and MetLife, increased their stakes in Thor Industries, indicating a growing interest among institutional investors.
• Thor Industries reported a quarterly EPS of $2.53, surpassing analyst expectations and setting its FY 2025 guidance between 3.300 and 4.000 EPS.

Russell Investments Group Ltd. lowered its position in Thor Industries, Inc. (NYSE:THO - Free Report) by 32.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,637 shares of the construction company's stock after selling 32,036 shares during the period. Russell Investments Group Ltd. owned 0.13% of Thor Industries worth $5,128,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. UMB Bank n.a. increased its holdings in Thor Industries by 135.6% during the 1st quarter. UMB Bank n.a. now owns 483 shares of the construction company's stock valued at $37,000 after purchasing an additional 278 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Thor Industries by 96.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 805 shares of the construction company's stock worth $61,000 after purchasing an additional 395 shares during the last quarter. NBC Securities Inc. grew its holdings in shares of Thor Industries by 135,500.0% during the first quarter. NBC Securities Inc. now owns 2,712 shares of the construction company's stock worth $205,000 after purchasing an additional 2,710 shares during the last quarter. Oxford Asset Management LLP acquired a new stake in shares of Thor Industries in the fourth quarter valued at $217,000. Finally, Neo Ivy Capital Management raised its holdings in shares of Thor Industries by 11.7% in the fourth quarter. Neo Ivy Capital Management now owns 2,451 shares of the construction company's stock valued at $234,000 after buying an additional 257 shares during the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.

Thor Industries Trading Up 6.3%

Shares of Thor Industries stock traded up $6.6230 during trading on Friday, reaching $111.6430. 997,862 shares of the company were exchanged, compared to its average volume of 765,625. The business has a 50-day moving average price of $94.21 and a 200-day moving average price of $86.59. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of 26.77, a P/E/G ratio of 2.24 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 twelve month low of $63.15 and a twelve month high of $118.85.

Thor Industries (NYSE:THO - Get Free Report) last released its earnings results on Wednesday, June 4th. The construction company reported $2.53 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.74. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.60 billion. Thor Industries had a return on equity of 6.15% and a net margin of 2.32%.The company's quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.13 earnings per share. Thor Industries has set its FY 2025 guidance at 3.300-4.000 EPS. Sell-side analysts anticipate that Thor Industries, Inc. will post 4.64 EPS for the current fiscal year.

Thor Industries declared that its Board of Directors has initiated a stock repurchase 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 shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its shares are undervalued.

Thor Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were issued a dividend of $0.50 per share. The ex-dividend date was Tuesday, July 1st. This represents a $2.00 dividend on an annualized basis and a yield of 1.8%. Thor Industries's payout ratio is currently 47.96%.

Insider Transactions at Thor Industries

In other news, Director Peter Busch Orthwein bought 3,000 shares of the stock in a transaction on Friday, June 20th. The stock was purchased at an average price of $85.40 per share, with a total value of $256,200.00. Following the completion of the purchase, the director owned 136,400 shares of the company's stock, valued at approximately $11,648,560. This trade represents a 2.25% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 4.50% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. KeyCorp raised shares of Thor Industries from an "underweight" rating to a "sector weight" rating in a report on Friday, August 1st. Wall Street Zen upgraded shares of Thor Industries from a "sell" rating to a "hold" rating in a research report 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 report on Monday, June 9th. Citigroup reaffirmed a "neutral" rating and set a $100.00 price objective (up previously from $88.00) on shares of Thor Industries in a report on Tuesday, August 12th. Finally, Truist Financial increased their price objective on Thor Industries from $72.00 to $78.00 and gave the company a "hold" rating in a research report on Tuesday, June 3rd. Two investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Thor Industries currently has an average rating of "Hold" and an average price target of $89.38.

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.