Mutual of America Capital Management LLC Has $2.08 Million Stock Holdings in Thor Industries, Inc. (NYSE:THO)

Mutual of America Capital Management LLC trimmed its position in Thor Industries, Inc. (NYSE:THO) by 2.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,390 shares of the construction company’s stock after selling 661 shares during the quarter. Mutual of America Capital Management LLC owned 0.05% of Thor Industries worth $2,076,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in THO. Crossmark Global Holdings Inc. lifted its position in shares of Thor Industries by 4.2% during the 1st quarter. Crossmark Global Holdings Inc. now owns 3,560 shares of the construction company’s stock valued at $270,000 after acquiring an additional 145 shares during the period. Fullcircle Wealth LLC lifted its position in shares of Thor Industries by 85.3% during the 1st quarter. Fullcircle Wealth LLC now owns 9,583 shares of the construction company’s stock worth $701,000 after buying an additional 4,412 shares during the last quarter. Envestnet Asset Management Inc. lifted 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 during the last quarter. Penserra Capital Management LLC bought a new stake in shares of Thor Industries during the 1st quarter worth $726,000. Finally, Novare Capital Management LLC lifted its position in shares of Thor Industries by 1.6% during the 1st quarter. Novare Capital Management LLC now owns 104,128 shares of the construction company’s stock worth $7,894,000 after buying an additional 1,603 shares during the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Thor Industries

In other Thor Industries news, Director Peter Busch Orthwein purchased 3,000 shares of the stock in a transaction on 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 transaction, the director directly owned 136,400 shares of the company’s stock, valued at approximately $11,648,560. This trade represents a 2.25% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.50% of the company’s stock.

Thor Industries Stock Performance

Shares of THO opened at $89.64 on Friday. The firm has a market cap of $4.77 billion, a PE ratio of 21.50, a PEG ratio of 1.88 and a beta of 1.21. The stock’s fifty day moving average price is $86.46 and its two-hundred day moving average price is $86.79. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.71 and a quick ratio of 0.90. Thor Industries, Inc. has a 1 year low of $63.16 and a 1 year high of $118.85.

Thor Industries (NYSE:THO) last announced its quarterly earnings results on Wednesday, June 4th. The construction company reported $2.53 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.74. Thor Industries had a return on equity of 6.15% and a net margin of 2.32%. The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.60 billion. During the same period in the previous year, the business earned $2.13 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts forecast that Thor Industries, Inc. will post 4.64 EPS for the current year.

Thor Industries declared that its board has authorized a share repurchase program on Monday, June 23rd that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the construction company to buy up to 8.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its shares are undervalued.

Thor Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Tuesday, July 1st. Thor Industries’s dividend payout ratio (DPR) is presently 47.96%.

Analyst Ratings Changes

Several research firms have commented on THO. Roth Capital set a $77.00 target price on Thor Industries and gave the company a “neutral” rating in a research report on Monday, June 9th. KeyCorp increased their target price on Thor Industries from $60.00 to $65.00 and gave the company an “underweight” rating in a research report on Friday, May 30th. Wall Street Zen upgraded Thor Industries from a “sell” rating to a “hold” rating in a research report on Friday, June 6th. DA Davidson raised Thor Industries to a “hold” rating in a research note on Monday, April 14th. Finally, Truist Financial increased their price target on Thor Industries from $72.00 to $78.00 and gave the company a “hold” rating in a research note on Tuesday, June 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Thor Industries presently has an average rating of “Hold” and an average price target of $87.63.

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.