ACR Alpine Capital Research LLC Purchases 1,339,951 Shares of Thor Industries, Inc. (NYSE:THO)

ACR Alpine Capital Research LLC increased its position in shares of Thor Industries, Inc. (NYSE:THO - Free Report) by 62.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,482,917 shares of the construction company's stock after buying an additional 1,339,951 shares during the period. Thor Industries comprises approximately 5.5% of ACR Alpine Capital Research LLC's holdings, making the stock its 10th biggest holding. ACR Alpine Capital Research LLC owned about 6.55% of Thor Industries worth $264,040,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. boosted its stake in Thor Industries by 369.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company's stock valued at $40,000 after acquiring an additional 329 shares during the last quarter. UMB Bank n.a. boosted its stake 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 acquiring an additional 278 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings 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 valued at $61,000 after buying an additional 395 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Thor Industries in the 4th quarter valued at about $201,000. Finally, Oxford Asset Management LLP acquired a new position in shares of Thor Industries in the 4th quarter valued at about $217,000. Hedge funds and other institutional investors own 96.71% of the company's stock.

Insider Activity

In other news, Director Peter Busch Orthwein purchased 3,000 shares of the business's stock in a transaction dated Friday, June 20th. The shares were acquired 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 directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 4.50% of the stock is owned by corporate insiders.

Thor Industries Price Performance

Thor Industries stock traded down $2.66 during trading hours on Thursday, hitting $93.61. 397,994 shares of the company traded hands, compared to its average volume of 593,380. Thor Industries, Inc. has a 1-year low of $63.15 and a 1-year high of $118.85. The firm has a market cap of $4.98 billion, a P/E ratio of 22.45, a P/E/G ratio of 1.98 and a beta of 1.21. The firm's 50-day simple moving average is $87.20 and its two-hundred day simple moving average is $86.82. 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 (NYSE:THO - Get Free Report) last released its quarterly earnings results 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 net margin of 2.32% and a return on equity of 6.15%. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the previous year, the firm earned $2.13 EPS. Thor Industries's revenue was up 3.3% on a year-over-year basis. As a group, analysts forecast that Thor Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

Thor Industries announced that its board has initiated a share buyback plan on Monday, June 23rd that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the construction company to reacquire up to 8.8% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Thor Industries Dividend Announcement

The firm also recently disclosed 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 2.14%. Thor Industries's dividend payout ratio is currently 47.96%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Truist Financial lifted their price target on shares of Thor Industries from $72.00 to $78.00 and gave the company a "hold" rating in a report on Tuesday, June 3rd. Baird R W lowered shares of Thor Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Wall Street Zen raised shares of Thor Industries from a "sell" rating to a "hold" rating in a report on Friday, June 6th. DA Davidson upgraded shares of Thor Industries to a "hold" rating in a research report on Monday, April 14th. Finally, KeyCorp lifted their price objective on shares of Thor Industries from $60.00 to $65.00 and gave the company an "underweight" rating in a research report on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $87.63.

Thor Industries 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.