Thor Industries, Inc. (NYSE:THO) Shares Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC lifted its stake in Thor Industries, Inc. (NYSE:THO - Free Report) by 664.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,799 shares of the construction company's stock after buying an additional 26,769 shares during the period. Kingsview Wealth Management LLC owned approximately 0.06% of Thor Industries worth $2,335,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Victory Capital Management Inc. boosted its position in shares of Thor Industries by 0.5% in the first quarter. Victory Capital Management Inc. now owns 61,408 shares of the construction company's stock worth $4,655,000 after buying an additional 301 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Thor Industries by 96.3% in the first 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 during the period. Louisiana State Employees Retirement System boosted its holdings in Thor Industries by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 14,900 shares of the construction company's stock valued at $1,130,000 after purchasing an additional 200 shares during the last quarter. Crossmark Global Holdings Inc. boosted 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 last quarter. Finally, Fullcircle Wealth LLC boosted its holdings in Thor Industries by 85.3% in the first quarter. Fullcircle Wealth LLC now owns 9,583 shares of the construction company's stock valued at $701,000 after purchasing an additional 4,412 shares during the last quarter. Hedge funds and other institutional investors own 96.71% of the company's stock.

Insider Buying and Selling at Thor Industries

In related news, Director Peter Busch Orthwein purchased 3,000 shares of the company's stock in a transaction dated Friday, June 20th. The shares were acquired at an average cost of $85.40 per share, for a total transaction of $256,200.00. Following the transaction, the director owned 136,400 shares of the company's stock, valued at $11,648,560. This trade represents a 2.25% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.50% of the company's stock.

Thor Industries Stock Performance

NYSE:THO traded down $0.06 during trading hours on Friday, reaching $89.64. 507,197 shares of the stock were exchanged, compared to its average volume of 674,323. The company has a quick ratio of 0.90, a current ratio of 1.71 and a debt-to-equity ratio of 0.24. The firm has a 50 day simple moving average of $86.46 and a 200-day simple moving average of $86.79. The stock has a market capitalization of $4.77 billion, a P/E ratio of 21.50, a P/E/G ratio of 1.88 and a beta of 1.21. Thor Industries, Inc. has a 52 week low of $63.16 and a 52 week high of $118.85.

Thor Industries (NYSE:THO - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The construction company reported $2.53 earnings per share for the quarter, topping analysts' consensus estimates of $1.79 by $0.74. The business had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.60 billion. Thor Industries had a return on equity of 6.15% and a net margin of 2.32%. The business's quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.13 EPS. As a group, sell-side 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 approved a stock repurchase plan on Monday, June 23rd that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 8.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Thor Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Tuesday, July 1st. Thor Industries's payout ratio is 47.96%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on THO. DA Davidson raised Thor Industries to a "hold" rating in a report on Monday, April 14th. Baird R W downgraded Thor Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Truist Financial increased their price target on Thor Industries from $72.00 to $78.00 and gave the company a "hold" rating in a report on Tuesday, June 3rd. KeyCorp increased their price target on Thor Industries from $60.00 to $65.00 and gave the company an "underweight" rating in a report on Friday, May 30th. Finally, Roth Capital set a $77.00 target price on Thor Industries and gave the stock a "neutral" rating in a report on Monday, June 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. 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.