Thor Industries, Inc. $THO Shares Bought by Timucuan Asset Management Inc. FL

Key Points

• Timucuan Asset Management Inc. FL increased its stake in Thor Industries, Inc. by 20.1% during Q1, owning a total of 2,448,401 shares valued at approximately $185.6 million.
• Historically strong institutional support includes increases from other investors such as Vanguard Group Inc. and ACR Alpine Capital Research LLC, with a total of 96.71% of shares held by institutional investors.
• Thor Industries recently announced a $400 million stock buyback program and a quarterly dividend of $0.50 per share, reflecting confidence in the company's valuation.

Timucuan Asset Management Inc. FL boosted its position in shares of Thor Industries, Inc. (NYSE:THO - Free Report) by 20.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,448,401 shares of the construction company's stock after purchasing an additional 409,636 shares during the period. Thor Industries makes up 5.7% of Timucuan Asset Management Inc. FL's holdings, making the stock its 10th biggest holding. Timucuan Asset Management Inc. FL owned 4.60% of Thor Industries worth $185,613,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. raised its stake in shares of Thor Industries by 135.6% in 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 period. 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 in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Thor Industries by 336.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 785 shares of the construction company's stock valued at $61,000 after buying an additional 605 shares in the last quarter. NBC Securities Inc. boosted its holdings in shares of Thor Industries by 135,500.0% in the 1st quarter. NBC Securities Inc. now owns 2,712 shares of the construction company's stock valued at $205,000 after buying an additional 2,710 shares in the last quarter. Finally, Freedom Investment Management Inc. raised its position in Thor Industries by 20.9% in the 1st quarter. Freedom Investment Management Inc. now owns 2,904 shares of the construction company's stock valued at $220,000 after purchasing an additional 502 shares during the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on THO. KeyCorp upgraded shares of Thor Industries from an "underweight" rating to a "sector weight" rating in a research report on Friday, August 1st. Citigroup reiterated a "neutral" rating and issued a $100.00 price target (up previously from $88.00) on shares of Thor Industries in a research report on Tuesday, August 12th. Truist Financial upped their price target on shares of Thor Industries from $72.00 to $78.00 and gave the company a "hold" rating in a research report on Tuesday, June 3rd. Wall Street Zen upgraded shares of 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 shares of 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 given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $89.38.

Thor Industries Price Performance

Shares of THO traded down $0.01 during trading hours on Monday, reaching $109.71. The company had a trading volume of 454,695 shares, compared to its average volume of 778,150. The firm has a 50 day simple moving average of $96.60 and a 200-day simple moving average of $86.79. The company has a current ratio of 1.71, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 2.20 and a beta of 1.33. Thor Industries, Inc. has a 12-month low of $63.15 and a 12-month high of $118.85.

Thor Industries (NYSE:THO - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The construction company reported $2.53 EPS for the quarter, beating 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 firm had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.60 billion. During the same period in the prior year, the company earned $2.13 EPS. The firm's revenue was up 3.3% on a year-over-year basis. Thor Industries has set its FY 2025 guidance at 3.300-4.000 EPS. Research analysts expect that Thor Industries, Inc. will post 4.64 earnings per share for the current year.

Thor Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, July 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.8%. Thor Industries's dividend payout ratio (DPR) is currently 47.96%.

Thor Industries declared that its board has approved a share repurchase program on Monday, June 23rd that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the construction company to reacquire up to 8.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

Insider Activity

In related news, Director Peter Busch Orthwein purchased 3,000 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was acquired at an average price of $85.40 per share, with a total value of $256,200.00. Following the completion of the transaction, the director owned 136,400 shares of the company's stock, valued at $11,648,560. This represents a 2.25% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.50% of the stock is owned by corporate insiders.

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.