Thor Industries, Inc. $THO Shares Sold by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. reduced its stake in Thor Industries by 46.5%, owning 98,635 shares valued at approximately $7.48 million after selling 85,620 shares during the first quarter.
• Thor Industries announced a $400 million share buyback program, which signals confidence from the company's leadership in its stock's value.
• The company also paid a quarterly dividend of $0.50 per share, reflecting a 1.9% dividend yield and a payout ratio of approximately 48%.

Goldman Sachs Group Inc. reduced its stake in shares of Thor Industries, Inc. (NYSE:THO - Free Report) by 46.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 98,635 shares of the construction company's stock after selling 85,620 shares during the quarter. Goldman Sachs Group Inc. owned 0.19% of Thor Industries worth $7,478,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in THO. Captrust Financial Advisors grew its position in Thor Industries by 137.1% during the fourth quarter. Captrust Financial Advisors now owns 7,093 shares of the construction company's stock worth $679,000 after buying an additional 4,101 shares during the period. Ethic Inc. acquired a new position in Thor Industries during the fourth quarter worth about $272,000. Nomura Holdings Inc. acquired a new position in Thor Industries during the fourth quarter worth about $674,000. Quantinno Capital Management LP grew its position in Thor Industries by 37.8% during the fourth quarter. Quantinno Capital Management LP now owns 29,407 shares of the construction company's stock worth $2,815,000 after buying an additional 8,061 shares during the period. Finally, ProShare Advisors LLC grew its position in Thor Industries by 7.2% during the fourth quarter. ProShare Advisors LLC now owns 2,485 shares of the construction company's stock worth $238,000 after buying an additional 166 shares during the period. 96.71% of the stock is currently owned by institutional investors and hedge funds.

Thor Industries Stock Performance

Shares of THO opened at $105.02 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.71. The company has a market capitalization of $5.59 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 2.20 and a beta of 1.34. The company's 50 day simple moving average is $100.51 and its 200 day simple moving average is $87.40. Thor Industries, Inc. has a 1 year low of $63.15 and a 1 year high of $118.85.

Thor Industries Dividend Announcement

The company also recently disclosed 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 dividend yield of 1.9%. Thor Industries's dividend payout ratio is presently 47.96%.

Thor Industries declared that its board has authorized a share buyback program on Monday, June 23rd that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy up to 8.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on THO shares. Truist Financial upped their price target on shares of Thor Industries from $86.00 to $115.00 and gave the company a "hold" rating in a report on Wednesday, September 3rd. Bank of America upped their price target on shares of Thor Industries from $100.00 to $120.00 and gave the company a "buy" rating in a report on Wednesday. Roth Capital set a $77.00 price target on shares of Thor Industries and gave the company 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. Finally, Zacks Research raised shares of Thor Industries from a "strong sell" rating to a "hold" rating in a report on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $94.88.

Insider Activity

In other news, Director Peter Busch Orthwein acquired 3,000 shares of Thor Industries stock in a transaction that occurred on Friday, June 20th. The shares were acquired at an average price of $85.40 per share, with a total value of $256,200.00. Following the completion of the purchase, the director owned 136,400 shares of the company's stock, 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 at this hyperlink. Insiders own 4.50% of the company's stock.

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.

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