41,573 Shares in Thor Industries, Inc. (NYSE:THO) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested approximately $3.15 million in Thor Industries, acquiring 41,573 shares, representing 0.08% of the company.
• Thor Industries recently declared a quarterly dividend of $0.50 per share, resulting in an annualized dividend of $2.00, and authorized a $400 million share buyback program.
• Wall Street analysts have mixed opinions on Thor Industries, with a consensus rating of "Hold" and a target price averaging $87.63, following recent downgrades from several firms.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Thor Industries, Inc. (NYSE:THO - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 41,573 shares of the construction company's stock, valued at approximately $3,152,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of Thor Industries as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of THO. Norges Bank purchased a new position in shares of Thor Industries in the 4th quarter valued at approximately $54,754,000. Raymond James Financial Inc. purchased a new position in shares of Thor Industries in the 4th quarter valued at approximately $52,497,000. Timucuan Asset Management Inc. FL raised its position in shares of Thor Industries by 16.2% in the 4th quarter. Timucuan Asset Management Inc. FL now owns 2,038,765 shares of the construction company's stock valued at $195,130,000 after purchasing an additional 283,744 shares during the last quarter. Southpoint Capital Advisors LP raised its position in shares of Thor Industries by 73.2% in the 4th quarter. Southpoint Capital Advisors LP now owns 606,149 shares of the construction company's stock valued at $58,015,000 after purchasing an additional 256,149 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Thor Industries by 43.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 547,659 shares of the construction company's stock valued at $41,518,000 after purchasing an additional 167,148 shares during the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Roth Capital set a $77.00 price objective on shares of Thor Industries and gave the company a "neutral" rating in a research report on Monday, June 9th. KeyCorp raised shares of Thor Industries from an "underweight" rating to a "sector weight" rating in a research report on Friday. Baird R W lowered shares of Thor Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. DA Davidson raised shares of Thor Industries to a "hold" rating in a research report on Monday, April 14th. Finally, Truist Financial raised their price target on shares of Thor Industries from $72.00 to $78.00 and gave the stock a "hold" rating in a research report on Tuesday, June 3rd. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Thor Industries currently has an average rating of "Hold" and an average target price of $87.63.

Thor Industries Stock Performance

Shares of NYSE THO traded up $0.09 during midday trading on Friday, reaching $91.08. 373,418 shares of the stock were exchanged, compared to its average volume of 773,237. The firm has a market cap of $4.85 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 1.91 and a beta of 1.21. Thor Industries, Inc. has a twelve month low of $63.15 and a twelve month high of $118.85. The firm has a 50-day simple moving average of $88.67 and a two-hundred day simple moving average of $86.77. 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 (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, 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 net margin of 2.32% and a return on equity of 6.15%. The business's revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned $2.13 EPS. As a group, analysts anticipate that Thor Industries, Inc. will post 4.64 EPS for the current fiscal 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 of this dividend was Tuesday, July 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.2%. Thor Industries's dividend payout ratio (DPR) is presently 47.96%.

Thor Industries announced that its Board of Directors has approved a stock repurchase program on Monday, June 23rd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 8.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its shares are undervalued.

Insider Activity at Thor Industries

In other news, Director Peter Busch Orthwein acquired 3,000 shares of the company's stock in a transaction dated 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 purchase, the director directly 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 purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.50% of the stock is owned by 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.