Thor Industries, Inc. $THO Holdings Lifted by Vestmark Advisory Solutions Inc.

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Thor Industries by 112.3% in the first quarter, now owning 63,800 shares valued at approximately $4.84 million.
• Thor Industries recently reported a quarterly earnings per share (EPS) of $2.53, significantly exceeding the consensus estimate of $1.79, with revenue hitting $2.89 billion.
• The company announced a dividend of $0.50 per share, leading to an annualized yield of 1.8%, with an ongoing stock buyback program authorizing $400 million in purchases.

Vestmark Advisory Solutions Inc. increased its stake in Thor Industries, Inc. (NYSE:THO - Free Report) by 112.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,800 shares of the construction company's stock after purchasing an additional 33,752 shares during the period. Vestmark Advisory Solutions Inc. owned 0.12% of Thor Industries worth $4,837,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. UMB Bank n.a. grew its position in shares of Thor Industries by 135.6% in the 1st quarter. UMB Bank n.a. now owns 483 shares of the construction company's stock worth $37,000 after buying an additional 278 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Thor Industries by 96.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 805 shares of the construction company's stock worth $61,000 after buying an additional 395 shares in the last quarter. NBC Securities Inc. increased its position in Thor Industries by 135,500.0% in the first quarter. NBC Securities Inc. now owns 2,712 shares of the construction company's stock worth $205,000 after buying an additional 2,710 shares during the period. Oxford Asset Management LLP bought a new position in shares of Thor Industries in the 4th quarter valued at approximately $217,000. Finally, Neo Ivy Capital Management raised its stake in shares of Thor Industries by 11.7% in the 4th quarter. Neo Ivy Capital Management now owns 2,451 shares of the construction company's stock valued at $234,000 after acquiring an additional 257 shares in the last quarter. 96.71% of the stock is owned by institutional investors.

Insider Transactions at Thor Industries

In other Thor Industries news, Director Peter Busch Orthwein acquired 3,000 shares of the stock in a transaction on Friday, June 20th. The shares were purchased at an average price of $85.40 per share, for a total transaction of $256,200.00. Following the completion of 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.50% of the stock is currently owned by corporate insiders.

Thor Industries Stock Performance

Shares of THO traded down $0.89 during mid-day trading on Friday, reaching $107.56. 663,030 shares of the company's stock traded hands, compared to its average volume of 731,931. The stock has a market capitalization of $5.72 billion, a P/E ratio of 25.79, a price-to-earnings-growth ratio of 2.15 and a beta of 1.21. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.71. Thor Industries, Inc. has a 12 month low of $63.15 and a 12 month high of $118.85. The business's 50-day moving average price is $92.27 and its 200-day moving average price is $86.30.

Thor Industries (NYSE:THO - Get Free Report) last issued 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 net margin of 2.32% and a return on equity of 6.15%. The firm had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.60 billion. During the same period in the prior year, the firm earned $2.13 earnings per share. The company's quarterly revenue was up 3.3% compared to the same quarter last year. Equities analysts predict that Thor Industries, Inc. will post 4.64 earnings per share for the current year.

Thor Industries announced that its Board of Directors has initiated a share repurchase program on Monday, June 23rd that allows the company to buyback $400.00 million in shares. This buyback authorization allows 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $2.00 annualized dividend and a yield of 1.9%. Thor Industries's dividend payout ratio is currently 47.96%.

Analysts Set New Price Targets

THO has been the topic of several recent research reports. Wall Street Zen upgraded 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 Thor Industries and gave the stock a "neutral" rating in a report on Monday, June 9th. KeyCorp raised shares of Thor Industries from an "underweight" rating to a "sector weight" rating in a report on Friday, August 1st. Citigroup reaffirmed a "neutral" rating and set a $100.00 price target (up previously from $88.00) on shares of Thor Industries in a research report on Tuesday, August 12th. Finally, 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. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus 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.