Sprott Inc. Acquires 25,000 Shares of Thor Industries, Inc. $THO

Key Points

• Sprott Inc. has increased its stock holdings in Thor Industries by 50%, now owning 75,000 shares valued at approximately $5.68 million.
• Thor Industries recently surpassed analysts' earnings expectations, reporting $2.53 earnings per share and $2.89 billion in revenue for the quarter.
• The company’s board has approved a $400 million share repurchase plan, indicating confidence in its stock valuation.

Sprott Inc. grew its position in shares of Thor Industries, Inc. (NYSE:THO - Free Report) by 50.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,000 shares of the construction company's stock after buying an additional 25,000 shares during the quarter. Sprott Inc. owned approximately 0.14% of Thor Industries worth $5,686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Crossmark Global Holdings Inc. lifted its holdings in shares of Thor Industries by 4.2% during the 1st quarter. Crossmark Global Holdings Inc. now owns 3,560 shares of the construction company's stock valued at $270,000 after buying an additional 145 shares during the last quarter. ProShare Advisors LLC lifted 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 valued at $238,000 after buying an additional 166 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings 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 valued at $472,000 after buying an additional 180 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Thor Industries by 2.9% during the 1st quarter. Venturi Wealth Management LLC now owns 6,494 shares of the construction company's stock valued at $492,000 after buying an additional 182 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of Thor Industries by 1.4% during the 1st quarter. Louisiana State Employees Retirement System now owns 14,900 shares of the construction company's stock valued at $1,130,000 after buying an additional 200 shares during the last quarter. 96.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Peter Busch Orthwein bought 3,000 shares of the company's stock in a transaction dated Friday, June 20th. The stock was acquired at an average cost of $85.40 per share, with a total value of $256,200.00. Following the acquisition, the director owned 136,400 shares in the company, valued at approximately $11,648,560. This represents a 2.25% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 4.50% of the company's stock.

Thor Industries Stock Performance

Shares of THO stock traded up $6.6230 during mid-day trading on Friday, reaching $111.6430. The stock had a trading volume of 997,862 shares, compared to its average volume of 797,609. The firm's 50 day simple moving average is $94.21 and its 200 day simple moving average is $86.49. 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 one year low of $63.15 and a one year high of $118.85. The firm has a market cap of $5.94 billion, a PE ratio of 26.77, a P/E/G ratio of 2.24 and a beta of 1.21.

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. Thor Industries had a return on equity of 6.15% and a net margin of 2.32%.The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter last year, the company earned $2.13 EPS. The company'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. On average, analysts forecast that Thor Industries, Inc. will post 4.64 EPS for the current year.

Thor Industries declared that its Board of Directors has initiated a share buyback program on Monday, June 23rd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the construction company to purchase up to 8.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.

Thor Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were issued 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 1.8%. Thor Industries's dividend payout ratio is presently 47.96%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on THO. Citigroup reiterated a "neutral" rating and set a $100.00 price target (up from $88.00) on shares of Thor Industries in a report on Tuesday, August 12th. Truist Financial raised their price objective on Thor Industries from $72.00 to $78.00 and gave the company a "hold" rating in a research note on Tuesday, June 3rd. KeyCorp raised Thor Industries from an "underweight" rating to a "sector weight" rating in a research note on Friday, August 1st. Roth Capital set a $77.00 price objective on Thor Industries and gave the company a "neutral" rating in a research note on Monday, June 9th. Finally, Wall Street Zen raised Thor Industries from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Two research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price 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.