10,143 Shares in Thor Industries, Inc. (NYSE:THO) Bought by Virtu Financial LLC

Key Points

• Virtu Financial LLC has made a significant investment of $769,000 in Thor Industries, Inc., acquiring 10,143 shares of the construction company in the first quarter.
• Thor Industries announced a share repurchase plan allowing for the buyback of up to $400 million in outstanding shares, reflecting the board's belief that the stock is undervalued.
• The company's quarterly earnings exceeded expectations, reporting $2.53 earnings per share against a consensus estimate of $1.79, indicating a positive financial outlook.

Virtu Financial LLC bought a new stake in shares of Thor Industries, Inc. (NYSE:THO - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,143 shares of the construction company's stock, valued at approximately $769,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of THO. Vanguard Group Inc. raised its position in shares of 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 buying an additional 326,584 shares in the last quarter. ACR Alpine Capital Research LLC raised its position in shares of Thor Industries by 62.5% during 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 buying an additional 1,339,951 shares in the last quarter. Madison Asset Management LLC raised its position in shares of Thor Industries by 6.6% during the 1st quarter. Madison Asset Management LLC now owns 1,065,299 shares of the construction company's stock worth $80,760,000 after buying an additional 65,531 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Thor Industries by 15.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 786,674 shares of the construction company's stock worth $59,638,000 after buying an additional 103,682 shares in the last quarter. Finally, Southpoint Capital Advisors LP raised its position in shares of Thor Industries by 73.2% during the 4th quarter. Southpoint Capital Advisors LP now owns 606,149 shares of the construction company's stock worth $58,015,000 after buying an additional 256,149 shares in the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.

Thor Industries Trading Down 0.8%

Shares of THO stock traded down $0.89 during trading hours on Friday, reaching $107.56. 663,030 shares of the stock traded hands, compared to its average volume of 782,390. Thor Industries, Inc. has a 1-year low of $63.15 and a 1-year high of $118.85. The business has a fifty day moving average price of $91.86 and a 200 day moving average price of $86.50. The company has a quick ratio of 0.90, a current ratio of 1.71 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $5.72 billion, a PE ratio of 25.79, a PEG ratio of 2.19 and a beta of 1.21.

Thor Industries (NYSE:THO - Get Free Report) last announced 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 the consensus estimate of $2.60 billion. During the same period in the previous year, the firm posted $2.13 earnings per share. The firm's revenue was up 3.3% on a year-over-year basis. On average, equities research analysts forecast that Thor Industries, Inc. will post 4.64 EPS for the current year.

Thor Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, July 1st. Thor Industries's payout ratio is currently 47.96%.

Thor Industries announced that its board has approved a stock buyback program on Monday, June 23rd that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the construction company to purchase up to 8.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts have commented on THO shares. Citigroup restated a "neutral" rating and set a $100.00 price target (up from $88.00) on shares of Thor Industries in a research report on Tuesday. Wall Street Zen upgraded shares of Thor Industries from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. KeyCorp upgraded shares of Thor Industries from an "underweight" rating to a "sector weight" rating in a research report on Friday, August 1st. Roth Capital set a $77.00 price target on shares of Thor Industries and gave the stock a "neutral" rating in a research report on Monday, June 9th. Finally, Truist Financial lifted 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $89.38.

Insider Buying and Selling

In other Thor Industries news, Director Peter Busch Orthwein bought 3,000 shares of the firm's stock in a transaction on Friday, June 20th. The stock was bought at an average cost of $85.40 per share, with a total value of $256,200.00. Following the completion of the transaction, the director directly owned 136,400 shares of the company's stock, valued at approximately $11,648,560. The trade was a 2.25% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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.