Thor Industries, Inc. (NYSE:THO) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its stake in Thor Industries, Inc. (NYSE:THO - Free Report) by 10.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,219 shares of the construction company's stock after selling 7,441 shares during the period. New York State Teachers Retirement System owned about 0.12% of Thor Industries worth $4,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC raised its position in shares of Thor Industries by 0.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 15,971 shares of the construction company's stock worth $1,529,000 after acquiring an additional 112 shares in the last quarter. Treasurer of the State of North Carolina raised its position in shares of Thor Industries by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 22,364 shares of the construction company's stock worth $2,140,000 after acquiring an additional 140 shares in the last quarter. ProShare Advisors LLC raised its position 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 worth $238,000 after acquiring an additional 166 shares in the last quarter. State of Alaska Department of Revenue raised its position 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 worth $472,000 after acquiring an additional 180 shares in the last quarter. Finally, Retirement Systems of Alabama raised its position in shares of Thor Industries by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 64,775 shares of the construction company's stock worth $4,911,000 after acquiring an additional 207 shares in the last quarter. Institutional investors and hedge funds own 96.71% of the company's stock.

Thor Industries Trading Down 1.3%

Shares of THO stock opened at $92.55 on Monday. The business's 50 day moving average is $83.06 and its two-hundred day moving average is $87.05. Thor Industries, Inc. has a twelve month low of $63.16 and a twelve month high of $118.85. The company has a market capitalization of $4.92 billion, a P/E ratio of 22.19, a price-to-earnings-growth ratio of 1.89 and a beta of 1.21. The company has a current ratio of 1.71, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24.

Thor Industries (NYSE:THO - Get Free Report) last announced 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. 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 for the quarter, compared to the consensus estimate of $2.60 billion. During the same period last year, the business posted $2.13 EPS. The company's revenue was up 3.3% on a year-over-year basis. Equities analysts forecast that Thor Industries, Inc. will post 4.64 EPS for the current year.

Thor Industries announced that its board has authorized a share buyback 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 usually an indication that the company's board of directors believes its shares are undervalued.

Thor Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be paid a $0.50 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.16%. Thor Industries's dividend payout ratio (DPR) is presently 47.96%.

Insider Buying and Selling at Thor Industries

In other Thor Industries news, Director Peter Busch Orthwein purchased 3,000 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The shares were purchased at an average cost of $85.40 per share, for a total transaction of $256,200.00. Following the completion of the purchase, the director directly owned 136,400 shares in the company, valued at $11,648,560. This represents a 2.25% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on THO. Robert W. Baird lowered Thor Industries from an "outperform" rating to a "neutral" rating and cut their target price for the stock from $100.00 to $85.00 in a research report on Friday, April 4th. KeyCorp raised their target price on Thor Industries from $60.00 to $65.00 and gave the stock an "underweight" rating in a research report on Friday, May 30th. DA Davidson raised Thor Industries to a "hold" rating in a research report on Monday, April 14th. Wall Street Zen raised Thor Industries from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. Finally, Truist Financial lifted their price target on Thor Industries from $72.00 to $78.00 and gave the stock a "hold" rating in a research report on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Thor Industries presently has a consensus 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.

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