Centric Wealth Management Buys 3,238 Shares of Thor Industries, Inc. $THO

Key Points

• Centric Wealth Management increased its stake in Thor Industries, Inc. by 15%, owning 24,891 shares valued at about $1.89 million after purchasing additional shares in the first quarter.
• Thor Industries reported earnings of $2.53 per share for the last quarter, significantly exceeding the consensus estimate of $1.79, with revenues of $2.89 billion.
• The company has announced a $400 million stock buyback plan, indicating confidence in its stock valuation and ownership interest in the firm.

Centric Wealth Management raised its stake in shares of Thor Industries, Inc. (NYSE:THO - Free Report) by 15.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,891 shares of the construction company's stock after purchasing an additional 3,238 shares during the period. Centric Wealth Management's holdings in Thor Industries were worth $1,887,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in Thor Industries by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 5,376,681 shares of the construction company's stock worth $407,606,000 after purchasing an additional 326,584 shares during the last quarter. ACR Alpine Capital Research LLC raised its position in shares of Thor Industries by 62.5% in the 1st quarter. ACR Alpine Capital Research LLC now owns 3,482,917 shares of the construction company's stock worth $264,040,000 after acquiring an additional 1,339,951 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Thor Industries by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,959,547 shares of the construction company's stock worth $224,364,000 after acquiring an additional 29,012 shares in the last quarter. Timucuan Asset Management Inc. FL raised its position in shares of Thor Industries by 20.1% in the 1st quarter. Timucuan Asset Management Inc. FL now owns 2,448,401 shares of the construction company's stock worth $185,613,000 after acquiring an additional 409,636 shares in the last quarter. Finally, Madison Asset Management LLC raised its position in shares of Thor Industries by 6.6% in the 1st quarter. Madison Asset Management LLC now owns 1,065,299 shares of the construction company's stock worth $80,760,000 after acquiring an additional 65,531 shares in the last quarter. 96.71% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Peter Busch Orthwein bought 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 directly owned 136,400 shares in the company, valued at $11,648,560. The trade was a 2.25% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 4.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

THO has been the subject of several research analyst reports. Citigroup reissued a "neutral" rating and issued a $100.00 price objective (up from $88.00) on shares of Thor Industries in a research report on Tuesday, August 12th. KeyCorp raised Thor Industries from an "underweight" rating to a "sector weight" rating in a research report on Friday, August 1st. Truist Financial lifted 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. Wall Street Zen raised Thor Industries from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. Finally, Roth Capital set a $77.00 price objective on Thor Industries and gave the stock a "neutral" rating in a research report on Monday, June 9th. Two analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $89.38.

Thor Industries Stock Down 1.6%

THO stock traded down $1.71 during mid-day trading on Tuesday, reaching $107.89. 415,228 shares of the company traded hands, compared to its average volume of 773,972. The stock has a market cap of $5.74 billion, a price-to-earnings ratio of 25.87, a P/E/G ratio of 2.20 and a beta of 1.33. 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, Inc. has a fifty-two week low of $63.15 and a fifty-two week high of $118.85. The firm's 50 day moving average price is $97.05 and its 200 day moving average price is $86.83.

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, topping analysts' consensus estimates of $1.79 by $0.74. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.60 billion. Thor Industries had a return on equity of 6.15% and a net margin of 2.32%.The company's revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.13 EPS. Thor Industries has set its FY 2025 guidance at 3.300-4.000 EPS. As a group, equities research analysts predict that Thor Industries, Inc. will post 4.64 EPS for the current fiscal year.

Thor Industries declared that its Board of Directors has initiated a share buyback plan on Monday, June 23rd that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 8.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's management believes its shares are undervalued.

Thor Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were issued a $0.50 dividend. 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%.

About Thor Industries

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.