Quarry LP Makes New $94,000 Investment in Thor Industries, Inc. $THO

Quarry LP purchased a new stake in Thor Industries, Inc. (NYSE:THO) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,234 shares of the construction company’s stock, valued at approximately $94,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. UMB Bank n.a. increased its position in shares of Thor Industries by 135.6% in the first quarter. UMB Bank n.a. now owns 483 shares of the construction company’s stock worth $37,000 after purchasing an additional 278 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased 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 worth $61,000 after buying an additional 395 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Thor Industries by 336.1% during 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. lifted its holdings in shares of Thor Industries by 135,500.0% during the 1st quarter. NBC Securities Inc. now owns 2,712 shares of the construction company’s stock worth $205,000 after acquiring an additional 2,710 shares during the last quarter. Finally, Freedom Investment Management Inc. grew its position in Thor Industries by 20.9% in the first quarter. Freedom Investment Management Inc. now owns 2,904 shares of the construction company’s stock worth $220,000 after acquiring an additional 502 shares in the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Insiders Place Their Bets

In other Thor Industries news, Director Peter Busch Orthwein acquired 3,000 shares of the company’s stock in a transaction on Friday, June 20th. The stock was acquired at an average price of $85.40 per share, for a total transaction of $256,200.00. Following the acquisition, the director owned 136,400 shares in the company, valued at $11,648,560. This represents a 2.25% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

THO has been the topic of a number of research reports. Roth Capital set a $77.00 price target on Thor Industries and gave the company a “neutral” rating in a research report on Monday, June 9th. Wall Street Zen upgraded Thor Industries from a “sell” rating to a “hold” rating in a research report on Friday, June 6th. KeyCorp upgraded Thor Industries from an “underweight” rating to a “sector weight” rating in a research report on Friday, August 1st. Citigroup reaffirmed a “neutral” rating and issued a $100.00 target price (up previously from $88.00) on shares of Thor Industries in a research note on Tuesday, August 12th. Finally, Truist Financial lifted their price target on shares of Thor Industries from $86.00 to $115.00 and gave the stock a “hold” rating in a research note on Wednesday. Two equities research 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 has a consensus rating of “Hold” and an average target price of $94.00.

Thor Industries Trading Up 0.3%

NYSE:THO opened at $108.32 on Thursday. The firm has a market capitalization of $5.76 billion, a P/E ratio of 25.98, a P/E/G ratio of 2.20 and a beta of 1.34. 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 company has a fifty day moving average of $97.89 and a 200 day moving average of $87.12. Thor Industries, Inc. has a 52 week low of $63.15 and a 52 week high of $118.85.

Thor Industries (NYSE:THO) last released its quarterly earnings data on Wednesday, June 4th. The construction company reported $2.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.74. The firm 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 company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.13 earnings per share. On average, research analysts predict that Thor Industries, Inc. will post 4.64 earnings per share for the current year.

Thor Industries declared that its Board of Directors has approved a share repurchase plan on Monday, June 23rd that allows the company to buyback $400.00 million in shares. This buyback authorization allows the construction company to buy up to 8.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Thor Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were given 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 yield of 1.8%. Thor Industries’s dividend payout ratio is presently 47.96%.

Thor Industries 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.