Impact Capital Partners LLC Has $414,000 Holdings in Thor Industries, Inc. $THO

Impact Capital Partners LLC cut its stake in shares of Thor Industries, Inc. (NYSE:THO) by 3.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,664 shares of the RV manufacturer’s stock after selling 150 shares during the period. Impact Capital Partners LLC’s holdings in Thor Industries were worth $414,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Thor Industries by 6.5% during the first quarter. Vanguard Group Inc. now owns 5,376,681 shares of the RV manufacturer’s stock worth $407,606,000 after acquiring an additional 326,584 shares during the last quarter. ACR Alpine Capital Research LLC increased its holdings in shares of Thor Industries by 62.5% during the first quarter. ACR Alpine Capital Research LLC now owns 3,482,917 shares of the RV manufacturer’s stock worth $264,040,000 after purchasing an additional 1,339,951 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Thor Industries by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,959,547 shares of the RV manufacturer’s stock worth $224,364,000 after purchasing an additional 29,012 shares during the period. Timucuan Asset Management Inc. FL increased its holdings in shares of Thor Industries by 20.1% during the first quarter. Timucuan Asset Management Inc. FL now owns 2,448,401 shares of the RV manufacturer’s stock worth $185,613,000 after purchasing an additional 409,636 shares during the period. Finally, Southpoint Capital Advisors LP increased its holdings in shares of Thor Industries by 106.2% during the first quarter. Southpoint Capital Advisors LP now owns 1,250,000 shares of the RV manufacturer’s stock worth $94,762,000 after purchasing an additional 643,851 shares during the period. 96.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. DA Davidson raised their target price on shares of Thor Industries from $78.00 to $102.00 and gave the stock a “neutral” rating in a report on Tuesday. Roth Capital set a $93.00 target price on shares of Thor Industries and gave the stock a “neutral” rating in a report on Wednesday, September 17th. BMO Capital Markets raised their target price on shares of Thor Industries from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, September 26th. Wall Street Zen raised shares of Thor Industries from a “sell” rating to a “hold” rating in a report on Friday, June 6th. Finally, Truist Financial lifted their price objective on shares of Thor Industries from $86.00 to $115.00 and gave the company a “hold” rating in a research note on Wednesday, September 3rd. Two analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $105.25.

Thor Industries Stock Performance

Shares of NYSE:THO opened at $104.01 on Thursday. The company’s 50 day simple moving average is $103.79 and its 200 day simple moving average is $88.98. The stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 2.19 and a beta of 1.35. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 0.90. Thor Industries, Inc. has a 1 year low of $63.15 and a 1 year high of $118.85.

Thor Industries announced that its board has authorized a share repurchase program on Monday, June 23rd that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the RV manufacturer to buy up to 8.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

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.