LPL Financial LLC Boosts Stock Holdings in Thor Industries, Inc. (NYSE:THO)

LPL Financial LLC boosted its stake in shares of Thor Industries, Inc. (NYSE:THO) by 1.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,119 shares of the construction company’s stock after acquiring an additional 752 shares during the period. LPL Financial LLC owned 0.08% of Thor Industries worth $3,117,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of THO. Sterling Capital Management LLC grew its stake in Thor Industries by 55.4% during the fourth quarter. Sterling Capital Management LLC now owns 3,014 shares of the construction company’s stock valued at $288,000 after acquiring an additional 1,075 shares in the last quarter. Mariner LLC grew its stake in Thor Industries by 2.2% during the fourth quarter. Mariner LLC now owns 64,402 shares of the construction company’s stock valued at $6,164,000 after acquiring an additional 1,401 shares in the last quarter. Guggenheim Capital LLC grew its stake in Thor Industries by 20.2% during the fourth quarter. Guggenheim Capital LLC now owns 2,963 shares of the construction company’s stock valued at $284,000 after acquiring an additional 498 shares in the last quarter. Jump Financial LLC grew its stake in Thor Industries by 75.5% during the fourth quarter. Jump Financial LLC now owns 15,636 shares of the construction company’s stock valued at $1,497,000 after acquiring an additional 6,725 shares in the last quarter. Finally, MetLife Investment Management LLC grew its stake in Thor Industries by 8.9% during the fourth quarter. MetLife Investment Management LLC now owns 29,894 shares of the construction company’s stock valued at $2,861,000 after acquiring an additional 2,441 shares in the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on THO. Wall Street Zen raised shares of Thor Industries from a “sell” rating to a “hold” rating in a research note on Friday, June 6th. Citigroup reissued a “neutral” rating and issued a $100.00 price objective (up from $88.00) on shares of Thor Industries in a research note on Tuesday. Roth Capital set a $77.00 price objective on shares of Thor Industries and gave the stock a “neutral” rating in a research note on Monday, June 9th. Truist Financial lifted their price objective on shares of Thor Industries from $72.00 to $78.00 and gave the stock a “hold” rating in a research note on Tuesday, June 3rd. Finally, KeyCorp raised shares of Thor Industries from an “underweight” rating to a “sector weight” rating in a research note on Friday, August 1st. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $89.38.

Insider Transactions at Thor Industries

In related news, Director Peter Busch Orthwein acquired 3,000 shares of Thor Industries stock in a transaction on Friday, June 20th. The stock was bought at an average cost of $85.40 per share, for a total transaction of $256,200.00. Following the completion of the transaction, the director 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 acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 4.50% of the company’s stock.

Thor Industries Price Performance

Thor Industries stock opened at $107.56 on Friday. The firm has a 50-day moving average price of $92.27 and a 200-day moving average price of $86.43. The firm has a market capitalization of $5.72 billion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 2.15 and a beta of 1.21. The company has a current ratio of 1.71, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. Thor Industries, Inc. has a 12-month low of $63.15 and a 12-month high of $118.85.

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

Thor Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were issued 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 1.9%. Thor Industries’s dividend payout ratio is 47.96%.

Thor Industries announced that its Board of Directors has initiated a stock buyback program on Monday, June 23rd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the construction company to buy up to 8.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Thor Industries Company 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.